L&T Signs Contract with Indian Army to Upgrade in-service Pinaka MLRSOn January 8, 2026, Larsen and Toubro (L&T) signed a contract with the Indian Army (IA), awarded by the Corps of Electronics and Mechanical Engineers (EME), to overhaul, upgrade and provide long-term support for the IA’s Pinaka Multi-Rocket Launcher Systems (MLRS).
About Overhaul and Upgrade of Pinaka MLRS:
Role of Entities: Under the contract, L&T will overhaul existing launchers, upgrade obsolete components, modernize command and control elements, provide lifecycle support, and quality assurance and training.
Implementation: Initially, a pilot overhaul of one Pinaka launcher and a Battery Command Post will be jointly undertaken with the 510 Army Base Workshop (ABW).
PPP Model: The cooperation strengthens the Public-Private Partnership (PPP) model in India defense, improving the conduct of sustainment and upgrades of equipment.
Renewal of MoU between IA & HDFC Bank:
MoU: The IA and HDFC Bank have renewed their Memorandum of Understanding (MoU) for three more years till 2029, with a primary focus on financial services and welfare benefits for Army personnel, retirees, and Agniveers.
Accident Cover: The MoU covers Personal Accident Insurance (PAI) cover of Rs.1 crore, which protects against accidental death or permanent disability.

• An additional Air Accident Insurance cover of Rs.1 crore for accidents during air travel

Support: It also includes Rs. 5 lakh support each for child education and girl child marriage to assist Army families.