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Rs 1,20,000 Crore Order Book: Can This Defence Aircraft Company Be The Next Maharatna PSU After Oil India Ltd? Company Signed Rs 26,000 crore contract with MoD
Update / Judgement Date
15 Sept 2024
Author
Team — WCP Legal Desk
Reading Time
1 min read
A major defence aircraft company has signed a Rs 26,000 crore contract with the Ministry of Defence, adding to its already substantial order book of Rs 120,000 crore. This significant deal positions the company as a potential future "Maharashtra" Public Sector Undertaking (PSU), similar to Oil India Limited. The contract is expected to drive growth and establish the company as a key player in the defence sector. The article highlights the potential for the company to achieve higher status and influence within the industry, reflecting the strategic importance of such large-scale contracts.