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This Article is From Jun 20, 2014

Ashok Leyland, L&T, Nexter Enter Consortium for Artillery Programme

STOCKS IN THIS STORY
United Van Der Horst Ltd.
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Ashok Leyland Ltd.
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Larsen & Toubro Ltd.
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Hinduja Group flagship Ashok Leyland along with infrastructure major Larsen & Toubro Ltd and Nexter Systems has formed a consortium to collaborate for a mounted gun system artillery programme for the Indian army.

Under the agreement, L&T will act as the prime contractor, Nexter will transfer the final integration and production of the Mounted Gun System (MGS) in India and chassis by Ashok Leyland, city-based commercial vehicle maker Ashok Leyland said in a filing to the BSE.

"The artillery system proposed by the consortium for the MGS programme is a version of the well-known CAESAR artillery system on 6x6 Super Stallion Chassis from Ashok Leyland", it said.

It also said the proposed artillery system was unveiled at the Defence Expo held in New Delhi earlier this year.

"The partnership among the three companies is based on delivering the best solution and value to the Indian Army. The customisation of the systems to fulfil specific Indian requirements will be done in cooperation between the three companies," it said.

The partnership between the three companies was signed at Eurosatory, the largest defence exhibition held recently.

According to the statement, there are over 70,000 Stallion vehicles manufactured by Ashok Leyland, the largest logistics supplier to the Indian Army.

Ashok Leyland Defence Systems is a company specifically set up to address the diverse and different requirements for specialist vehicles meant only for the defence forces.

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