Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Jindal Defence Systems Private Ltd (JDSPL) has partnered with Brazil-based global leader Taurus Armas SA to begin producing small firearms at its cutting-edge manufacturing facilities in Hisar, Haryana, after getting the requisite regulatory licence.
The action will increase competition in the small arms market, which is already home to producers from public sector units (PSUs) and private companies, some of whom have partnerships with international companies, to meet requests from state, federal, and military police.
According to the JDSP, the company has obtained certification for several goods, with a 50–100% value addition in India for various products, including revolvers, machine pistols, carbines, submachine guns, and rifles.
In the next financial year, the company aims to manufacture between 25,000 and 30,000 weapons at the two-acre facility, which JDSPL boasts represents a “fusion of world-class expertise and cutting-edge technology.”
The manufacturing plant will have an annual production capacity of up to 2,50,000 weapons, which the company believes will strategically position JD Taurus to address the country's burgeoning demand. JDSPL has obtained all necessary regulatory approvals and clearances from the Ministry of Home Affairs.
Also Read : Metalogic PMS Hosts Pioneering Conference on Steel Metals for India's Defence Sector Armed Forces Medical Services & AIIMS, New Delhi collaborate to conduct combined research projects
✔️ AM/NS sues India over raw material import restrictions.✔️ Claims ₹500 crore annual impact on oper...
Business 13-Mar-2025
Beijing China's steel production fell by 1.5% year-on-year in the first two months of 2025, as...
China 17-Mar-2025
As former US President Donald Trump’s latest tariffs come into effect, both China and Canada h...
Business 04-Mar-2025
JSW Steel’s CEO backs safeguard tariffs as essential for market balance. Tariffs are seen as...
Business 25-Apr-2025
Direct tax demands totalling ₹18-₹20 lakh crore are now being litigated in several areas, including...
Taxation 16-Feb-2024
Power consumption in the country increased by roughly 8% year on year to 1,221.15 billion units (BU)...
Renewables 22-Jan-2024