Defence manufacturing in India: This multibagger Infrastructure giant partners with BAE Systems to manufacture armoured vehicle for Indian Army!

Shares of this company have gained more than 45 per cent in the last one year.

BAE Systems Inc. and Larsen & Toubro Limited (L&T) have partnered to offer the BvS10, a world-leading articulated all-terrain vehicle (AATV), to the Indian Armed Forces. The BvS10 is a modular vehicle that can be configured for a variety of missions, including transporting personnel, command and control, ambulance service, vehicle repair and recovery, logistics support, situational awareness, and vehicle-mounted lethality. It is currently in service in several countries and has been ordered by the German Army.

The partnership between BAE Systems and L&T is a significant development in India's defence industry. It is a sign of the growing confidence of foreign companies in India's ability to manufacture high-quality defence products. The partnership will also help to boost India's defence exports.

Also read, Exploring the world of growth investing? (Part-1)

In recent years, India has made significant strides in defence product manufacturing. The government has implemented a number of policies to promote the domestic defence industry, including increasing the offset requirements for foreign defence contracts and setting up defence manufacturing corridors. The partnership between BAE Systems and L&T is a further sign of India's growing prominence in the global defence industry.

Larsen & Toubro is engaged in EPC Projects, Hi-Tech Manufacturing and Services. It operates in over 50 countries worldwide. A strong, customer-focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades. The shares of the company gained more than 220 per cent in the last three years.

Disclaimer: The article is for informational purposes only and not investment advice.