DAC approves 5 proposals worth Rs 21,772 cr
1 month ago

DAC approves 5 proposals worth Rs 21,772 cr

Deccan Chronicle  

New Delhi:Defence Acquisition Council headed by defence minister Rajnath Singh on Tuesday approved five capital acquisition proposals worth Rs 21,772 crore including six Advanced Light Helicopters M for Indian Coast Guard. The DAC also granted Acceptance of Necessity for the procurement of 31 New Water Jet Fast Attack Crafts for the Indian Navy. The AoN for procurement of Electronic Warfare Suite comprising External Airborne Self Protection Jammer pods, Next Generation Radar Warning Receiver and associated equipment for Su-30 MKI Aircraft was accorded by DAC. It also cleared proposal for procurement of six Advanced Light Helicopters M for Indian Coast Guard to strengthen the Coastal Security and Surveillance in the coastal areas.

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Defence Stocks in Focus: BEL, HAL and more, ICICI Sec lists key beneficiaries of DAC’s ₹21,772 crore boost
1 month ago

Defence Stocks in Focus: BEL, HAL and more, ICICI Sec lists key beneficiaries of DAC’s ₹21,772 crore boost

Live Mint  

India’s Defence Acquisition Council has approved five capital acquisition proposals worth ₹21,772 crore, aimed at bolstering the country’s military capabilities. This strategic move has caught the attention of brokerage firm ICICI Securities, which has highlighted nine defence stocks likely to benefit significantly from these procurements. Other Stocks to Watch In addition to BEL, ICICI Securities has maintained 'Buy' ratings on …

Paras Defence, HAL to Bharat Dynamics: Defence stocks rally as DAC okays acquisition worth ₹21,772 crore
1 month ago

Paras Defence, HAL to Bharat Dynamics: Defence stocks rally as DAC okays acquisition worth ₹21,772 crore

Live Mint  

Defence stocks including Garden Reach Shipbuilders, Hindustan Aeronautics, Paras Defence, Cochin Shipyard, among others rallied up to 6% on Wednesday, after the government approved five capital acquisition proposals worth ₹21,772 crore to improve the country’s defence preparedness. Garden Reach Shipbuilders & Engineers share price led the rally with gains of 6.2%, Paras Defence and Space Technologies shares surged as much …

Defence Acquisition Council approves ₹21,772 crore capital projects to improve defence preparedness
1 month, 1 week ago

Defence Acquisition Council approves ₹21,772 crore capital projects to improve defence preparedness

New Indian Express  

NEW DELHI: In a significant move to enhance defence preparedness, the Defence Acquisition Council, chaired by Defence Minister Rajnath Singh, has approved five major capital acquisition projects worth over ₹21,772 crore. The Ministry of Defence announced the decision on Tuesday, highlighting the procurement's importance for the Indian Navy, Indian Air Force, Indian Army, and the Coast Guard. For the Indian …

Centre clears 5 acquisition deals to improve India's defence preparedness
1 month, 1 week ago

Centre clears 5 acquisition deals to improve India's defence preparedness

India Today  

In a significant push to improve India's defence preparedness, the Central government on Tuesday approved five military acquisition proposals worth Rs 21,772 crores. The Defence Acquisition Council headed by Defence Minister Rajnath Singh approved the procurement of 31 new water jet fast attack crafts for the Indian Navy. The DAC also gave its assent for the purchase of an Electronic …

Defence ministry approves Rs 1.44 lakh crore for indigenous tanks, radars, planes
4 months, 1 week ago

Defence ministry approves Rs 1.44 lakh crore for indigenous tanks, radars, planes

India Today  

The Defence Acquisition Council, chaired by Defence Minister Rajnath Singh on September 3, granted Acceptance of Necessity for 10 capital acquisition proposals worth Rs 1,44,716 crore. The council also approved the procurement of Air Defence Fire Control Radars, which will be instrumental in detecting and tracking aerial targets and providing firing solutions. These vehicles, designed and developed by Armoured Vehicles …

Defence Ministry approves acquisition of 15 maritime patrol aircraft for Navy, coast guard: Sources
10 months, 3 weeks ago

Defence Ministry approves acquisition of 15 maritime patrol aircraft for Navy, coast guard: Sources

India TV News  

The Ministry of Defence has given approval for proposal to buy nine maritime surveillance aircraft for the Indian Navy and six maritime patrol aircraft for the Indian Coast Guard, sources said. "There are plans for acquiring long-range maritime surveillance aircraft, which the Air Force has taken, and the contracts will be signed with TASL, wherein we are about to get …

India to Procure 12 Sukhoi Su-30 MKIs; Defence Ministry Approves 9 Acquisition Proposals Worth Rs 45,000 Cr
1 year, 3 months ago

India to Procure 12 Sukhoi Su-30 MKIs; Defence Ministry Approves 9 Acquisition Proposals Worth Rs 45,000 Cr

News 18  

The Ministry of Defence on Friday approved the proposal for the procurement of 12 Sukhoi Su-30 MKIs for the Indian Air Force which would be manufactured in India by Hindustan Aeronautics Limited. According to Defence officials these Su-30 MKI would include more than 60 per cent indigenous content as per need and would be the most modern Sukhoi aircraft of …

DAC clears procurement of 12 SU-30 jets among proposals worth ₹45,000 crore
1 year, 3 months ago

DAC clears procurement of 12 SU-30 jets among proposals worth ₹45,000 crore

The Hindu  

Clearing a long pending deal, the Defence Acquisition Council which met on Friday approved procurement of 12 SU-30MKI jets for the Indian Air Force. Other proposals For the Army, to enhance protection, mobility, attack capability and increased survivability of mechanised forces, DAC accorded AoN for procurement of Light Armoured Multipurpose Vehicles and Integrated Surveillance and Targeting System as well High …

Aatmanirbhar Bharat: DAC approves nine capital acquisition proposals for armed forces worth Rs 45,000 Cr
1 year, 3 months ago

Aatmanirbhar Bharat: DAC approves nine capital acquisition proposals for armed forces worth Rs 45,000 Cr

Firstpost  

Proposals for avionic upgradation of Dornier Aircraft; procurement of Dhruvastra short range air-to-surface missile and 12 Su-30 MKI aircraft also cleared by Defence Acquisition Council. With an aim to enhance the protection, mobility, attack capability and increased survivability of mechanised forces, the Defence Acquisition Council has accorded ‘Acceptance of Necessity’ for nine capital acquisition proposals of approximately Rs 45,000 crore. …

India to buy 12 Sukhoi Su-30MKIs for Indian Air Force at Rs 11,000 crore
1 year, 3 months ago

India to buy 12 Sukhoi Su-30MKIs for Indian Air Force at Rs 11,000 crore

India TV News  

The Defence Ministry on Friday approved the proposal for the procurement of 12 Su-30MKIs for the Indian Air Force which would be manufactured in India by Hindustan Aeronautics Limited. All these procurements will be made from Indian vendors under Buy /Buy category which will give substantial boost to the Indian defence Industry towards achieving the goal of ‘Aatmanirbhar Bharat’, the …

Defence Acquisition Council approves proposals worth ₹7,800 crore
1 year, 4 months ago

Defence Acquisition Council approves proposals worth ₹7,800 crore

Live Mint  

New Delhi: Defence minister Rajnath Singh-led Defence Acquisition Council has given its nod to proposals worth ₹7,800 crore to enhance the operational capabilities of the Indian Armed Forces, the ministry said in a statement on Thursday. “To enhance the efficiency of the Indian Air Force, the DAC has granted AoN for procurement and installation of Electronic Warfare Suite on Mi-17 …

DAC clears proposals worth ₹70,500 crore including several design and development cases
1 year, 9 months ago

DAC clears proposals worth ₹70,500 crore including several design and development cases

The Hindu  

The Defence Acquisition Council chaired by Defence Minister Rajnath Singh on Thursday accorded Acceptance of Necessity for capital acquisition proposals worth ₹70,500 crore. “Out of the total proposals, Indian Navy proposals constitute more than ₹56,000 crore, which largely includes indigenous BrahMos cruise missiles, Shakti Electronic Warfare systems, Utility Helicopters-Maritime among others,” it said in a statement. Other proposals include a …

In major push for Make in India, Defence Ministry approves Rs 4,276 cr-worth purchase of anti-tank, air defence missiles
1 year, 11 months ago

In major push for Make in India, Defence Ministry approves Rs 4,276 cr-worth purchase of anti-tank, air defence missiles

Firstpost  

New Delhi: The defence ministry on Tuesday approved three procurement proposals, including that of Helina anti-tank guided missiles, at a total cost of Rs 4,276 crore to bolster the combat capabilities of the armed forces along the Line of Actual Control with China. The DAC, which is the defence ministry’s highest decision-making body on acquisition, also gave a go-ahead for …

Defence Acquisition Council gives nod to purchase indigenous defence systems
1 year, 11 months ago

Defence Acquisition Council gives nod to purchase indigenous defence systems

The Hindu  

The Defence Acquisition Council headed by Defence Minister Rajnath Singh on Tuesday accorded Acceptance of Necessity for three capital acquisition proposals amounting to ₹4,276 crore. These include Helicopter launched Nag Anti-Tank Guided Missiles, Very Short Range Air Defence Systems and BrahMos cruise missile launcher and Fire Control System for naval ships. The HELINA and Dhruvastra being developed by the Defence …

Govt approves capital procurement proposals worth ₹4,276 crore
1 year, 11 months ago

Govt approves capital procurement proposals worth ₹4,276 crore

Live Mint  

The Union defence ministry on Tuesday approved capital procurement proposals, including that of Helina anti-tank guided missiles, worth ₹4,276 crore. In a press release, the Ministry of Defence said, “A meeting of Defence Acquisition Council, held on January 10, 2023 under the chairmanship of Raksha Mantri Shri Rajnath Singh, accorded Acceptance of Necessity for three capital acquisition proposals, amounting to …

Purchase of missiles, air defence weapons worth ₹4,276 cr cleared
1 year, 11 months ago

Purchase of missiles, air defence weapons worth ₹4,276 cr cleared

Hindustan Times  

India on Tuesday set the ball rolling for buying indigenous helicopter-launched anti-tank guided missiles, air defence weapons and equipping more of its warships with BrahMos supersonic cruise missiles, with the defence acquisition council - in its first meeting in the new year - clearing army and navy proposals worth ₹4,276 crore, officials familiar the development said. DAC, which is India’s …

Govt approves purchase of anti-tank missiles, air defence weapons worth Rs 4,276 cr
2 years ago

Govt approves purchase of anti-tank missiles, air defence weapons worth Rs 4,276 cr

India Today  

The defence ministry on Tuesday approved three procurement proposals, including that of Helina anti-tank guided missiles, at a total cost of Rs 4,276 crore. The Defence Acquisition Council chaired by Raksha Mantri Shri @rajnathsingh approves Acceptance of Necessity for three capital acquisition proposals, worth Rs 4,276 crore. https://t.co/TLREEyK78z — àä°àä•àåàä·àä¾ àä®àä‚àääàåàä°àå€ àä•àä¾àä°àåàäïàä¾àä²àäï/ RMO India January 10, 2023 "The DAC accorded …

Defence Ministry clears arms procurement worth Rs 28,732cr for Army
2 years, 5 months ago

Defence Ministry clears arms procurement worth Rs 28,732cr for Army

India TV News  

Highlights The procurement proposals were cleared by the Defence Acquisition Council Decision is set to provide a major impetus to the small arms manufacturing industry Drones are being acquired as the technology has proved to be a force multiplier The defence ministry on Tuesday approved the procurement of military equipment and weapons worth Rs 28,000 crore, including swarm drones and …

Rajnath approves swarm drones buy
2 years, 5 months ago

Rajnath approves swarm drones buy

Deccan Chronicle  

New Delhi: The defence acquisition council headed by defence minister Rajnath Singh on Tuesday gave initial approval for arms procurement proposals worth Rs 28,732 crore including autonomous surveillance and armed swarm drones for the Army. For enhanced protection against enemy snipers along the Line of Control, and in close combat counter-terrorism operations, DAC gave initial approval to buy bulletproof jackets …

Defence Ministry approves acquisition of arms, military equipment worth Rs 7,965 crore
3 years, 2 months ago

Defence Ministry approves acquisition of arms, military equipment worth Rs 7,965 crore

India TV News  

The Defence Ministry on Tuesday approved the procurement of arms and military equipment worth Rs 7,965-crore, including 12 light utility helicopters from Hindustan Aeronautics Limited, according to an official statement. Besides clearing the proposal to buy 12 helicopters, the DAC approved the procurement of Lynx U2 naval gunfire control system from Bharat Electronics Limited that will enhance the tracking and …

Defence Ministry approves acquisition of weapon systems worth ₹28,000 cr
4 years ago

Defence Ministry approves acquisition of weapon systems worth ₹28,000 cr

Live Mint  

The Defence Acquisition Council, headed by the Defence Minister, Rajnath Singh, today approved proposals for acquisition of weapons worth ₹28,000 crore required by the Indian Army, the Indian Navy and the Indian Air Force. The proposals that have been approved today include Airborne Early Warning & Control Systems for the Indian Air Force designed and developed by the Defence Research …

Defence Ministry gives clearance for purchase of Indian-made military equipment worth Rs 27,000 crore
4 years ago

Defence Ministry gives clearance for purchase of Indian-made military equipment worth Rs 27,000 crore

India Today  

Indigenously designed air surveillance platforms, patrol vessels for the Navy and modular bridges for the Army are among the approvals for procuring defence equipment from domestic manufacturers worth Rs. In a big boost to 'Make in India,' the Defence Acquisition Council headed by Defence Minister Rajnath Singh has given the go-ahead to the procurement of equipment worth Rs 28,000 which …

Defence Ministry approves acquisition of arms, military equipment worth Rs 2,290 crore
4 years, 3 months ago

Defence Ministry approves acquisition of arms, military equipment worth Rs 2,290 crore

India Today  

The Defence Ministry on Monday approved the procurement of arms and military equipment worth Rs 2,290 crore for troops guarding the borders with China and Pakistan. The Defence Acquisition Council held a meeting on Monday under the Chairmanship of Defence Minister Rajnath Singh and approved the proposals for capital acquisitions of various equipment required by the Indian armed forces at …

Nod for 83 LCA-Mk1A from HAL worth around ₹39,000 crore
4 years, 9 months ago

Nod for 83 LCA-Mk1A from HAL worth around ₹39,000 crore

The Hindu  

The Defence Acquisition Council chaired by Defence Minister Rajnath Singh on Wednesday accorded approval for the procurement of 83 indigenous Light Combat Aircraft Tejas Mk-1A from the Hindustan Aeronautics Limited by “finalising the contractual and other issues”. The MoD statement said following the separation of duties between the Department of Defence and the Department of Military Affairs headed by the …

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