RRP Defense has entered into mutual non-disclosure agreement (MNDA) with Taharbadkar Solutions. The agreement is for the development, supply and commercialization of Component’s related to the DART -Dirven Ammunition Reduced Time Flights System being developed under the AIDITI 2 programme of IDEX for Indian Navy application.
Besides, both Parties have agreed to explore and potentially establish a business arrangement for collaboration on the Vehicle Mounted Swarm Drone System Project. The Agreement provides for the exchange of information, initiation of technical discussions, and sharing of relevant documents to assess and advance the collaboration framework between the Parties.
Further, the company has received a Letter of Intent (LoI) from the Taharbadkar Solutions for project value of around Rs 20 crore. The said project shall be executed in 3 Phases as mutually agreed between the parties. Against the said LoI, Taharbadkar Solutions has already placed a purchase order amounting to Rs 6.25 crore with the company. The overall tenure and completion schedule for the aforesaid transaction is likely to be extend up to October 2027.
RRP Defense (Formerly Known as Euro Asia Exports) is based in Gurugram, India, and is involved in trading various goods, including fabrics, embroidered sarees, shawls, and other traditional Indian wear.
| Company Name | CMP |
|---|---|
| Redington | 227.35 |
| Adani Enterprises | 2225.25 |
| Amrapali Industries | 17.27 |
| Rashi Peripheral | 474.40 |
| PDS | 291.45 |
| View more.. | |
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