MoneyWorks4Me

Tata Power inks strategic pact with Javelin Joint Venture

01 Sep 2016 Evaluate

Tata Power Company’s Strategic Engineering Division has signed letter of intent (LoI) with Javelin Joint Venture (JJV), a partnership between Raytheon Company and Lockheed Martin to explore co-development and production of the Javelin anti-armour missile systems.

As a part of the LoI, both the entities will create a strategy to co-develop and produce the Javelin missile systems and integrate platform mounts to meet India requirements. This includes ground combat vehicle, dismounted infantry and rotorcraft applications.

Tata Power is India’s largest integrated power company with a growing international presence. The Company together with its subsidiaries and jointly controlled entities has an installed gross generation capacity of 9184 MW and a presence in all the segments of the power sector.

Peers
Company Name CMP
NTPC 327.60
Tata Power 367.00
Adani Power 206.35
Power Grid Corpn. 264.15
Adani Energy Solut. 1409.40
View more..