If I may intercede here:
@Nitesh, a HESH round in never meant to penetrate, rather have a simultaneous blast on a large surface area outside the target. In case of concrete fortifications, (not apartment buildings like the picture you posted), I am not sure how effective it will be.
@Damian, you have made some good points; however, let us not forget the future while we dig deep into history. Many things are planned for a certain purpose but end up being used for a different purpose. The internet is one example. Also, it is fine to compare the gun of one tank with that of the other, but why compare T-90 and Arjun? They are not even in the same class, and they are meant to perform different roles. Politics or no politics, T-90 and Arjun complement each other, and each has its weaknesses that the other has as strength.
@P2Prada, I am myself a harsh critic of DRDO, but they need credit where it is deserved. Arjun was late, but they did deliver a good product. We cannot trash them altogether. Sure, bash DRDO for some of the silly things they do, but Arjun is not one of them, IMHO.
Also, why this comparison between HESH and smoothbore? Smoothbore simply means it is not rifled, i.e. there are no spiralling grooves inside the barrel, so the projectile will not spin. Now, there are ways to get the projectile to spin even if fired from a smoothbore. Comparing HESH and smoothbore? We are not comparing apples with apples.