As part of its first phase of expansion in March 2017, KRAS included provision of indigenous solutions to New Generation Precision Guided Munitions (NGPGM) and Long Range Guided Bomb (LRGB) in the company's production facility at Hyderabad.
As part of its second phase of expansion, KRAS will now also provide indigenous solutions for Missiles Systems like MRSAM, LLQRM, QRSAM as well as the Naval Gun Program and Drone Dome System. This expansion will bring-in niche technology in the country for such advanced defence systems and will further boost the JV's commitment to 'Make in India'.
One of the fastest growing defence JVs, KRAS has now also been granted defence industrial license by DIPP for undertaking all its envisioned activities.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content