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KRAS bags USD 100 million contract

Friday, 12 Jul 2019
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Kalyani Rafael Advanced Systems, India (KRAS), has bagged a contract worth USD 100 million from RAFAEL for the Indian Army and Air Force.

The contract is for manufacturing 1,000 BARAK-8 MRSAM missiles' kits which in turn will be supplied to BDL for further integration.

KRAS is a 49:51 ratio joint venture (JV) between RAFAEL Advanced Systems and Kalyani Strategic Systems (KSSL), with the Indian partner holding 51 percent. KSSL is a 51 percent subsidiary of Bharat Forge.

KRAS is expected to increase its employee strength to 300 technical experts by the year 2023.

 
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