Sunita Tools acquires majority stake in naval defence firm Avisan Group

The group's client list includes the Indian Navy Weapons Department, Hindustan Shipyard, Goa Shipyard, Cummins, and Larsen and Toubro. Specific projects in its order book include installing missile and weapons systems on various naval ships, replacing sonar radars, and replacing the main surveillance radar on the aircraft carrier INS Vikrant.

Sunita Tools, which said it is nearing commercial production at its new artillery shells factory, stated that the acquisition positions the combined entity to capitalise on opportunities in the shipbuilding, retrofitting, and naval defence industries.