Mumbai, Jan. 3 -- The order involves the manufacturing and supply of ground equipment, accessories, ESP and ammunition for a Universal Rocket Launcher System capable of integrating multiple rocket types, including long-range rockets with strike capabilities of 150 km and 300 km.

As per the contract terms, the company is required to furnish a performance-cum-warranty bank guarantee equivalent to 10% of the total contract value within 30 days of signing the agreement.

The contract will be executed in tranches over a period of 12 months. The total consideration of Rs 292.69 crore is inclusive of all taxes and duties.

The company clarified that the order has been awarded by a domestic entity and does not fall under related-party transactio...