The Business Bytes
TBB BUREAU
NEW DELHI, OCT 21, 2022
Marking OP Jindal Group’s foray in the niche defence and aerospace segment, stainless steel player Jindal Stainless Limited (JSL) has signed an agreement with state-owned Yantra India Ltd for the development and manufacturing of defence products.
In a statement, JSL said its defence vertical Jindal Defence & Aerospace (Jindal Defence & Aerospace) has signed an MoU with the state-owned Yantra India Ltd for engineering, development and manufacturing of defence products with their respective capabilities. The move is in line with the government’s push for the public-private partnership to serve Indian armed forces, the company said on Friday.
”Jindal Defence & Aerospace is proud to make India Atmanirbhar in the area of advanced materials by presenting nickel-based alloys, armour steel glass fibre, and carbon fibre composites for next-gen defence applications. We are entering into integrated next-generation security and defence solutions for the nation’s armed and paramilitary forces,” Jindal Defence & Aerospace Head CP Agrawal said.
“We are gearing up to develop an artificially intelligent Security System, first-of-its-kind, in the Indian defence ecosystem. This would not only help our forces to build futuristic warfare capabilities, but also help Indian MSMEs to expand their footprints in Indian defence ecosystem,” Agrawal added.
Jindal Defence and Aerospacehas positioned itself as the leading strategic material suppliers in defence and aerospace in India, with exports across the globe, meeting stringent quality standards and specifications.Itis aimed at making India self-reliant in niche critical applications comprising missiles & guns, naval, ballistic & blast-proof armour, aerospace, and other engineering applications.
In the past, Jindal Defence and Aerospace has supplied material for key DRDO and ISRO projects, including satellite launcher PSLV, GSLV Mk-3, Chandrayaan, Gaganyaan, KS Nuclear Submarine missile system and missile canister for almost all missile programmes.
Moreover, Jindal Defence and Aerospacehas indigenously developed world-class armour solutions including bullet-proof morchas and podiums for the Indian defence forces comprising Indian Army, Indian Navy, CRPF, BSF, SSB, police forces, etc.
