New Delhi, March 26 -- The Ministry of Defence (MoD) on Wednesday signed contracts with Bharat Forge Ltd and Tata Advanced Systems Ltd for the procurement of advanced towed artillery gun systems (ATAGS) and high mobility gun towing vehicles, respectively, read an official statement.

According to the official statement, uploaded on PIB, the Defence Ministry gave a contract of Rs.6,900 crore, under which it signed total contracts worth Rs.1.40 lakh crore for capital procurement till date in the current financial year.

The Defence Ministry said that the 155 mm/52 calibre ATAGS will replace the vintage and smaller calibre guns and enhance the artillery capabilities of the Indian Army.

This latest move by the government marks a significant ...