
Senior officials from the Ministry of Defence, Indian Air Force, Indian Navy, and industry representatives during the signing of contracts for GSAT-7C communication satellite capability and Varunastra heavy-weight torpedoes, in New Delhi. | Photo Credit: PTI
The Ministry of Defence on Thursday (October 15, 2026) signed contracts worth approximately ₹4,106 crore for a dedicated communication satellite for the Indian Air Force (IAF) and Varunastra heavy-weight torpedoes for the Indian Navy, in a push to strengthen indigenous defence capabilities.
According to the Ministry of Defence, the contracts cover the acquisition of GSAT-7C, valued at ₹2,563 crore, from New Space India Limited (NSIL), Bengaluru, and Varunastra heavy-weight torpedoes worth ₹1,543 crore from Bharat Dynamics Limited (BDL), Hyderabad.




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