Bharat Dynamics Limited (BDL) has signed a contract worth of Rs 1,187.82 crore for supply of Heavy Weight Torpedoes - Varunastra - to the Indian Navy.

The contract was inked by NP Diwakar, Director (Technical), BDL and Nidhi Chhibber, Joint Secretary & Acquisition Manager (Maritime & Systems), Ministry of Defence, Govt of India in New Delhi.

The execution of the contract will be over the next 42 months. The weapon will be manufactured at BDL Visakhapatnam Unit under collaboration with the Defence Research and Development Organisation (DRDO). The Heavy Weight Torpedo or the Varunastra is a ship launched, electrically propelled underwater weapon equipped with one of the most advanced automatic and remote controlled guidance systems.

According to the BDL the weapon system uses its own intelligence in tracing the target. The Hyderabad-based defence public sector undertaking is the main producer of the country's range of missiles and missile defence systems.