Kalyani JV Bags Missile Kits Order Worth $100 Million

A $100 million contract for 1,000 Barak-8 MRSAM missile kits has been won by Kalyani Rafael Advanced Systems (KRAS), a joint venture between India’s Kalyani Group and Israel’s Rafael Advanced Systems. The kits will be manufactured at a production facility near Hyderabad and supplied to Bharat Dynamics for further use. The missiles are eventually to be used by the Indian Air Force and the Indian Army.

As told by a senior executive to the media on Thursday, these kits, fitted in the mid-section of the missiles, will have the automation and control mechanism. The first set of the kits is expected to be delivered by the fourth quarter of this fiscal, with the rest to be delivered in the next four years.

On receiving the contract from Rafael, Kalyani Group chairman Baba Kalyani said that this deal was a testament to the existing capabilities of the Indian private sector that could be utilized to realize the Make in India dream.

“Going forward [we] will be actively engaged in manufacturing and supply of some of the advanced systems of Rafael portfolio to friendly nations from Hyderabad. Also plan to leverage the engineering expertise of existing KRAS team towards integration of weapon platform,” he said.

Kalyani Group holds a 51% share in the joint venture KRAS, while the rest is with Rafael. Mr. Kalyani mentioned that there were plans for establishing a second facility in the country. 

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A graduate in biotechnology with an inclination towards science and current affairs. Enjoys writing about various subjects ranging from world politics and healthcare to technology and business.

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