L1 bidder

Indian Army loitering munition tender sees Tata Advanced Systems emerge as lowest bidder

Tata Advanced Systems has emerged as L1 and Nibe Limited as L2 in the Indian Army's Rs 1,600 crore tender for 840 loitering munitions of 100 km range. Tata is expected to supply 64 per cent of the order and Nibe the remaining 36 per cent, with price negotiations still to come.