Saturday, 22 April 2017

L&T signs deal with S.Korea's Hanwha for artillery guns >> Free Stock Tips Provider

Indian engineering firm Larsen & Toubro signed a deal with South Korea's Hanwha Techwin to supply artillery guns to the Indian army in a deal estimated to be 4.5 billion Rupees ($696.38 million), the two firms said on Friday. Jayant Patil, head of the defense and aerospace wing of L&T, said the two companies will jointly manufacture the self-propelled howitzer - a boost for Prime Minister Narendra Modi's Make-in-India drive to push the domestic industry.

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