Just learned that the size of this contract is around $500mln and it includes significant stock of shells for Smerch and Grad as well as training of artillery personnel in Russia. The number of launchers is 28 - two regiments (14 launchers each).
It is hard to estimate the price per launcher from this due to unknown contribution of other contract parts. If we simply estimate $500/28 it will make around 18mln... though such approach is wrong.
The power of this new Indian force is really significant.... One salvo of a Smerch regiment would kill anything unfortified or not armored heavily on the 12 square km area at the range of 90km. The regiment can make 3 Salvo's in an hour...... This can kill DIVISIONS in the attack. Smerch has two special SALVOs solutions against MOST HEAVE TANKS - an expensive one i.e..... a parachuting shells which find their target and shoot to them automatically. and a cheaper - cluster bombing with heavy antiarmor mines/bombs. In any conventional war against India - SMERCH launchers must be found and destroyed first!!!
http://www.artillery-mz.com/en/products/05/300-2/