Signal Desk · Markets

Defence Ministry signs ₹4,106 crore deals for torpedoes, satellite

2026-10-15 · 1 source · CNBC TV18 Market

In short

India’s Defence Ministry signed ₹4,106 crore of deals for Navy torpedoes and an Air Force satellite. The contracts include ₹1,543 crore for Varunastra torpedoes and ₹2,563 crore for the GSAT-7C communication satellite.

This matters for India’s defence forces and local suppliers. The reporting does not say the delivery schedule or which companies will build the systems.

What the reporting says

India’s Defence Ministry signed ₹4,106 crore of contracts for Navy torpedoes and an Air Force satellite, including ₹1,543 crore for indigenous Varunastra torpedoes and ₹2,563 crore for the GSAT-7C communication satellite. The reported purpose is to strengthen India’s defence capabilities. The available reporting does not say when the equipment will be delivered or whether the deals involve specific suppliers beyond the contract amounts.

Why it matters

The Defence Ministry signed ₹4,106 crore in contracts covering indigenous Varunastra torpedoes and the GSAT-7C communication satellite. The reported aim is to strengthen India’s defence capabilities by adding equipment for the Navy and Air Force. The available reporting gives contract values but does not identify delivery timelines or all contractors, so the operational timeline remains unclear.

Touches: Defence, Government, Markets

Sources