RRP Defense Secures INR 64 Crore Order from Bharat Electronics for VARDHANA X6: DAY SCOPE
RRP Defense Limited has been awarded a significant domestic purchase order worth INR 64,31,00,000.05 by Bharat Electronics Limited (BEL), a Government of India Enterprise. The contract involves the supply of VARDHANA X6: DAY SCOPE and its associated components to BEL's Machilipatnam Unit.The total order size is INR 64,31,00,000.05, inclusive of GST. This contract marks a key milestone for RRP Defense as it represents the first instance under a 100% Indigenous Mandate. The contract secured a complete transfer of technology (licensed) from Meprolight, Israel, enabling RRP Defense Limited to manufacture and assemble the equipment with exclusivity in the Indian region.
The supply of 16,035 units of VARDHANA X6: DAY SCOPE is scheduled across three distinct delivery lots, allowing for staggered deliveries subject to a minimum lot size of 1,000 units per consignment.
Key details regarding the purchase order and delivery schedule are as follows:
| Component | Quantity (Nos.) | Delivery Timeline / Milestone |
|---|---|---|
| First Lot | 9,275 | Within 7 months from the date of Purchase Order release |
| Second Lot | 4,500 | By June 27, 2027 |
| Third Lot | 2,260 | By December 27, 2027 |
The contract involves supplying VARDHANA X6: DAY SCOPE and its components to Bharat Electronics Limited (BEL), which operates as a Government of India Enterprise. There is no indication that this order constitutes a related party transaction.
Stock Price Movement
RRP Defense Ltd shares settled on Monday at ₹700.20, after declining by 1.00%. The stock was locked and traded completely flat all day, never registering a movement away from that price point.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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