The Ministry of Defence announced on 15 October 2026 that it has signed contracts totaling approximately Rs 4,106 crore to acquire new military equipment. This includes a GSAT-7C communication satellite for the Indian Air Force from New Space India Limited for Rs 2,563 crore and Varunastra Heavy Weight Torpedoes for the Indian Navy from Bharat Dynamics Limited for Rs 1,543 crore. The release does not say when these items will be delivered or when the contracts take effect. These indigenous acquisitions aim to improve secure communications and anti-submarine warfare capabilities.
Key points
- Total contract value: approximately Rs 4,106 crore
- GSAT-7C satellite for Indian Air Force: Rs 2,563 crore
- Varunastra torpedoes for Indian Navy: Rs 1,543 crore
- Suppliers: New Space India Limited and Bharat Dynamics Limited
When it applies
- signing of contracts
Who it affects
- Indian Air Force
- Indian Navy