Financial Daily from THE HINDU group of publications
Tuesday, Jan 31, 2006
Financial Daily from THE HINDU group of publications Tuesday, Jan 31, 2006 |
|
|
|
|
|
|
|
Corporate
-
Outlook Tata group targets Rs 2,200 cr from Defence sector by 2008 Our Bureau
New Delhi , Jan 30 THE Tata group is targeting revenues of over Rs 2,200 crore from the Defence sector by 2008. The group, which offers turnkey Defence solutions in areas ranging from basic transportation to artificial intelligence solutions, is also in the race for upgradation of the Russian 130 mm guns to 155 mm calibre, a senior company executive said. "We would like to be part of global request for proposals when they are floated for the project," said Mr M.N. Bhagwat, Chairman (Strategic Council), Tata Power Strategic Electronics Division. The proposal is expected to be made on behalf of Tata Power and will be submitted to the Ordnance Factory Board, he added. The Tata group is a key player in the indigenous production of Pinaka 122 mm MRBL system. Mr Bhagwat said that with the Government opening up the Defence sector, every major company within the Tata group is looking to increase its product offering from special application trucks to meeting the need for network-enabled warfare. Tata Motors, Tata Power Strategic Electronics Division, Nelco, TCS, Tata BP Solar, CMC, Tata Infotech, Tata Advanced Materials, and VSNL are among the group companies that are contributing to its efforts to maintain "leadership position" among private players in the country's Defence sector, he said. The group, which expects to clock revenues of around Rs 1,100 crore from the Defence sector in 2006, is working in the areas of interfacing and integrating weapon systems, coupled with leveraging its capabilities in the areas of IT, communications, information security, logistics support, and mobility solutions, he added.
More Stories on : Outlook
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2006, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|