Defence TechnologyINVESTApproved
MoD signed ₹4,106 crore contracts for GSAT-7C satellite and Varunastra torpedoes
New Delhi, Delhi15 Oct 2026
On October 15, 2026, the Ministry of Defence signed contracts worth ₹4,106 crore for a dedicated GSAT-7C communication satellite for the Indian Air Force (₹2,563 crore) with NewSpace India Ltd (NSIL), and for Varunastra heavyweight torpedoes for the Indian Navy (₹1,543 crore) with Bharat Dynamics Ltd (BDL). The contracts were signed in New Delhi, according to the report.
Why it matters
These signed procurement contracts commit funding for secure military communications and anti-submarine warfare equipment, enabling delivery and integration into service once produced and deployed.
Ministry of Defence (India)NewSpace India Ltd (NSIL)Bharat Dynamics Ltd (BDL)