The ministry of defence signed a contract with Bharat Electronics Limited (BEL) on Tuesday for procurement of 11 indigenously designed, developed and manufactured Shakti Electronic Warfare Systems along with associated equipment/accessories for Indian Navy.
The total cost of the project is Rs.2269.54 crore.
According to a statement from the defence ministry, the Shakti EW System is capable of accurately intercepting electronic emissions and implementing counter-measures in dense electromagnetic environments. The system will be installed on-board capital warships of the Navy.
The project will generate employment of two-and-half-lakh man-days over four years with the participation of more than 155 industry partners including MSMEs, the ministry said.
Meanwhile, shares of BEL jumped over one per cent to close at Rs 176.50 on Tuesday.
