New Delhi, March 8 -- The Ministry of Defence has signed a contract with. Rosoboronexport (RoE), Russian Federation worth $ 248 million for procurement of 1000 HP Engines for T-72 Tanks in fully formed, completely knocked down and semi knocked down conditions.

The deal also includes Transfer of Technology (ToT) from M/s RoE to M/s Armoured Vehicles Nigam Limited (Heavy Vehicle Factory), Avadi, Chennai, for integration and subsequent licensed production of engines under ToT to boost the "Make in India' initiative in Defence Sector.

T-72 is the mainstay of tank fleet of the Indian Army which is at present fitted with 780 HP Engine. Equipping the existing fleet of T-72 Tanks with 1000 HP Engine will enhance the battle field mobility and of...