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NT Bureau
Chennai, Jan 8:

        Union Ministry of Commerce and Industry has issued seven licences to Tata Power Company Ltd for its Strategic Electronics Division (SED).

        These licences would enable SED to be the prime contractor to the Ministry of Defence (MoD) for designing, manufacturing, assembling and upgrading mission critical systems in seven core areas of defence. 'SED is now poised to harness its multidisciplinary capabilities and emerge as a long term reliable partner to Indian defence forces. Over the next five years, these licences open a large domestic market of over Rs 20,000 crore for Tata Power SED, which includes upgrades of existing platforms. Additionally, business opportunity through offset for systems design, engineering and testing services will also be targeted by the company, opening up the export market,' said Rahul Chaudhry, CEO, Tata Power SED.

        A leading player in strategic electronics, Tata Power SED is recognised for harnessing its systems and engineering capabilities.