Mahindra & Mahindra Ltd on Friday said group firm, Mahindra Defence Systems Limited (MDS) has bagged a contract worth Rs 1,349.95 crore for manufacturing of Integrated Anti-Submarine Warfare Defence Suite (IADS) for modern warships of Indian Navy from the Indian government.

IADS is a high-end underwater equipment that uses latest technology to detect and protect warships from underwater threats. It is a versatile system capable of operations from all sizes of warships - small, medium, and large.

The complex array of sensors in IADS systems undertakes underwater surveillance and provides inputs for signal processing and analysis. The warship then employs methods to neutralize the underwater threats, the company said.

Competitive bids from Indian companies were invited by the Ministry of Defence (MoD) through open tender wherein the systems fielded were put through detailed trials at sea to prove their capability, Mahindra & Mahindra said in a regulatory filing.

"This advanced technology system is the first of its kind being developed by an Indian company for the Indian Navy," Mahindra Defence said.

It is a versatile system capable of operations from all sizes of warships - small, medium, and large, it added.