We are pleased to announce the successful completion of trials for two projects,
achieving technical qualification:
1) The CRPF: In partnership with Meprolight, we have offered the MCO
Pro series, with a tender quantity of 500 units.
2) Western Command, Jalandhar: In collaboration with Optix Bulgaria,
we have provided the PR 82, with a tender quantity of 147 units.
We are also preparing a demo unit for trials for the Northern Command, Udhampur. For
their latest requirements of lightweight Long Range Ti Sights, we are offering the
Viraj
28 Series, our most lightweight model under 7 kg, with a tender quantity of
400 units
and an estimated value of 50 crores.
Northern Command, Udhampur has posted three new projects, expected to be finalized within 120 days, with a total estimated cost of 100 crores.
We are on track for technical clearance of our PR 110 by Bharat Forge, laying a strong foundation for a significant upcoming project from the Indian Army, involving 10,000 units. The RFI has been released, and we are now awaiting the RFQ.
Additionally, the Indian Army division has successfully qualified the RRP S4E for the Make 2 project for the Hard Kill Anti-Drone System, utilizing RRP's innovative rocket-based technology over laser energy weapons. The ongoing PSO, spanning 18 months, is estimated to be worth several hundred crores, promising a significant technological leap.
Meprolight Joint Venture: An assembly plant is being established at
the RRP S4E premises to handle the assembly of Micro Red Dot Sights.
Optix Bulgaria Partnership: Our tie-up for handheld thermal imagers gives RRP a significant commercial edge.
Global Technology : RRP has attracted significant interest with technology capable of monitoring suspicious activity within groups of 50,000 people, along with numerous additional features.
Radar Manufacturing: We are advancing in radar manufacturing under the Make in India initiative, with buy-back agreements and many more opportunities on the horizon.
RRP reported a revenue of 18 crores in the first quarter and anticipates similar revenues in the upcoming quarters. Our current order book stands at 125 crores, with an additional 75 crores in the pipeline.
We have also expanded our presence to Chandigarh and New Delhi.
