Bharat Dynamics Limited: missile orders worth 1.1 bln USD

The Bharat Dynamics Limited (BDL), celebrating its golden jubilee this year, has orders worth ₹8,000 crore ( 1,164,800,000 USD) for making various missiles for the armed forces to be delivered within the next five years. This order is expected to reach up to ₹25,000 crore (3,647,500,000 USD) in the next four-five years even as it ramps up the production of next-generation missiles.

Working under the Ministry of Defence, the BDL has also entered into a pact with IIIT-Hyderabad for making use of artificial intelligence in the development of systems and products. Further, it would be tying up with T-Hub for developing an eco-system for start-ups to solve problems through hackathons, said chairman and managing director Commodore (retd) Siddharth Mishra on Tuesday.

Addressing a press conference on the institute premises at Kanchanbagh, Mr. Mishra said the BDL has also begun exports and has just completed the first consignment of missiles to a “friendly country”, with more orders in the pipeline. It was game for more exports depending on the demand and permissions obtained from the Government of India.

Established this day in 1970 as a manufacturing base of guided missiles and allied defence equipment to meet the Indian armed forces’ requirement, it began work with Anti-Tank Guided Missile (ATGM) SS11B1 under technical collaboration with Aerospatiale of France. It now works in partnership with the DRDO and armed forces in making the latest missile systems.

The company currently makes ATGMs, Akash surface-to-air missiles, torpedos, seeker-based multi-role air defence missile or the MRSAM – medium-range surface-to-air missile – being jointly developed by the DRDO, IAI (Israel) and others.