10 defence stocks poised for explosive growth in India’s year of reforms
1 day ago

10 defence stocks poised for explosive growth in India’s year of reforms

Live Mint  

As India strengthens its strategic position amid evolving global security dynamics, the nation's defence sector stands at a pivotal moment in 2025. This commitment aligns with India's vision of achieving defence exports worth ₹42,000 crore by 2025 and establishing itself as a key player in the global defence supply chain. The company’s current order book stands strong at ₹38,390 crore, and it recently secured a contract worth ₹350 crore for hybrid power vessels. GRSE’s current order book stands at ₹24,220 crore, with major projects including the P17 Alpha stealth frigates, anti-submarine warfare shallow watercraft, and survey vessels. The order book at the end of September 2024 was approximately ₹2,270 crore, driven primarily by domestic defence orders.

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Premier Explosives stock hits 10% upper circuit on setting up JV for defence and aerospace products
4 weeks, 2 days ago

Premier Explosives stock hits 10% upper circuit on setting up JV for defence and aerospace products

Live Mint  

Stock Market Today: Shares of Premier Explosives were locked in the 10% upper circuit limit at ₹567 apiece in early morning trade on Monday, December 16. This surge came after the company announced it had entered into a Memorandum of Understanding with Global Munition Limited, a subsidiary of NIBE Ordnance and Maritime Limited, to establish a joint venture for manufacturing …

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

India's Defence Powerhouse: TATA Aircraft Complex a Step Towards Self-Reliance
2 months, 2 weeks ago

India's Defence Powerhouse: TATA Aircraft Complex a Step Towards Self-Reliance

Firstpost  

The article highlights India's growing defense capabilities with the inauguration of the TATA Aircraft Complex. The complex will produce the C295 military transport aircraft, marking a significant step towards self-reliance in defense. The event also showcases the government's commitment to reduce dependence on foreign countries and build up local manufacturing capabilities. India aims to become a major player in the …

Indian Navy's 'Swavlamban 2024' Focuses on Bridging Technological Gaps and Production Delays
2 months, 2 weeks ago

Indian Navy's 'Swavlamban 2024' Focuses on Bridging Technological Gaps and Production Delays

ABP News  

The Indian Navy is focusing on addressing technological gaps and delays in production to drive out the operation challenges of modern-day warfare more effectively. The Navy's annual seminar 'Swavlamban 2024' will explore domain-specific sessions on niche technologies and funding the innovation ecosystem that is slowly gaining a considerable footprint in the country's defense sector.

India's Defence Production Hits ₹1.27 Lakh Cr
3 months, 2 weeks ago

India's Defence Production Hits ₹1.27 Lakh Cr

Deccan Chronicle  

New Delhi:India's defence production reached a record high of ₹1.27 lakh crore in 2023-24, with exports of military hardware and weapons to over 90 countries, defence minister Rajnath Singh announced on Wednesday. The 'Make in India' programme, introduced under Prime Minister Narendra Modi’s leadership, has driven significant reforms across sectors, particularly in defence, according to Singh. He highlighted the country's …

India’s defence industry: Achievements and challenges
4 months, 4 weeks ago

India’s defence industry: Achievements and challenges

Hindustan Times  

Prime Minister Narendra Modi's government has launched many reforms under the Make in India and Atmanirbhar Bharat initiatives to strengthen India’s moribund defence industry. Union defence minister Rajnath Singh with Chief of Defence Staff General Anil Chauhan and Indian Army chief General Manoj Pande at the Manekshaw Auditorium in New Delhi on Tuesday. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Since assuming power …

India’s defence industry: Achievements and challenges
4 months, 4 weeks ago

India’s defence industry: Achievements and challenges

Hindustan Times  

Prime Minister Narendra Modi's government has launched many reforms under the Make in India and Atmanirbhar Bharat initiatives to strengthen India’s moribund defence industry. Union defence minister Rajnath Singh with Chief of Defence Staff General Anil Chauhan and Indian Army chief General Manoj Pande at the Manekshaw Auditorium in New Delhi on Tuesday. Since assuming power in 2014, PM Modi’s …

India has made strides to further self-reliance in defence, exporting weapons too: PM
4 months, 4 weeks ago

India has made strides to further self-reliance in defence, exporting weapons too: PM

Hindustan Times  

NEW DELHI: In his 98-minute Independence Day speech delivered from the imposing Red Fort on a drizzly morning, Prime Minister Narendra Modi on Thursday captured the strides made by India to further self-reliance in the critical defence manufacturing sector and how the country had gradually transformed itself from being an importer of military hardware to an exporter. India has made …

India has made strides to further self-reliance in defence: Modi
4 months, 4 weeks ago

India has made strides to further self-reliance in defence: Modi

Hindustan Times  

New Delhi: In his 98-minute Independence Day speech delivered on Thursday morning from the Red Fort, Prime Minister Narendra Modi captured the strides made by India to further self-reliance in the critical defence manufacturing sector and how the country had gradually transformed itself from being an importer of military hardware to an exporter. Prime Minister Narendra Modi addressed the nation …

India records growth in defence production
6 months, 1 week ago

India records growth in defence production

Deccan Chronicle  

New Delhi: India’s indigenous defence production achieved the highest-ever growth in value terms during Financial Year 2023-24 on back of Modi government's ‘Aatmanirbharta’ campaign. The value of defence production in the country has gone up to a record-high figure of Rs 1,26,887 crore, reflecting a year on year growth of 16.7 per cent. Prime Minister Narendra Modi said that government …

US becomes India's top defence export partner, takes over 50% market share
6 months, 2 weeks ago

US becomes India's top defence export partner, takes over 50% market share

Deccan Chronicle  

Kolkata: American Chamber of Commerce in India, an apex chamber of the US industry in India, has reported a remarkable progress in the India-US defence alliance. The US-India defence partnership encompasses acquisitions, co-production and co-development for global markets, joint ventures, training and innovation, enhancing India’s defence exports. AMCHAM India Director General and CEO Ranjana Khanna said, “US-India relationship has developed …

Defence stocks PTC Industries, BEL, Mazagon Dock and 9 others gain up to 20% on policy continuity optimism
7 months ago

Defence stocks PTC Industries, BEL, Mazagon Dock and 9 others gain up to 20% on policy continuity optimism

Live Mint  

Defence stocks surged as government reaffirms focus on sector. Shipbuilding companies Defence stocks surged sharply in today's trade, with some gaining up to 20% intraday, as the government's strong focus on the sector remains unwavering. {{^adFree}} {{/adFree}} Rajnath Singh, who assumed office as Defence Minister, announced that the government aims to boost defence sector exports to ₹50,000 crore over the …

Indonesian defence establishment could benefit from India’s experience and successes: Indian envoy
8 months, 1 week ago

Indonesian defence establishment could benefit from India’s experience and successes: Indian envoy

The Hindu  

“We are aware that Indonesia is also keen to build its own defence industry. We are keen to share our experiences in this endeavour,” said Sandeep Chakravorty, Indian envoy in Indonesia addressing the first-ever “India-Indonesia defence industry exhibition-cum-seminar” organised in Jakarta as the two countries mark the 75th year of establishment of diplomatic ties. Indian defence companies have achieved record …

Adani Defence & Aerospace starts South Asia’s largest ammunition & missiles complex in Kanpur
10 months, 2 weeks ago

Adani Defence & Aerospace starts South Asia’s largest ammunition & missiles complex in Kanpur

Hindustan Times  

In a boost to India's defence capabilities, the country's leading private sector defence manufacturer Adani Defence & Aerospace launched two facilities dedicated to the production of ammunition and missiles in Kanpur, Uttar Pradesh. Adani Defence already manufactures drones, anti-drone systems and small arms including light machine guns, assault rifles and pistols, according to the company’s website. The mega facilities, touted …

HAL, BEL, BDL: 4 fundamental factors that keep 2024 outlook firm for Defence PSU
1 year ago

HAL, BEL, BDL: 4 fundamental factors that keep 2024 outlook firm for Defence PSU

Live Mint  

Outlook 2024: The Defence sector companies riding the wave of strong growth led by favorable government policies on “Make in India” and "Atmanirbhar Bharat" initiative have seen strong gains in their share prices during 2023. With defence production and exports expected to reach all-time high levels in FY24, the sector is all set to experience an equally strong FY25. Here …

India-US bilateral defence trade has grown to $ 25 billion: Larson
1 year ago

India-US bilateral defence trade has grown to $ 25 billion: Larson

Deccan Chronicle  

Hyderabad: The United States has solidified its role as a major supplier of defence equipment to India and has emerged as India's largest military exercise partner, said Jennifer Larson, Consul General of the US Consulate in Hyderabad. Priorities in this partnership include defence cooperation, fostering mutual prosperity, countering the climate crisis, upholding a free and secure Indo-Pacific, and maintaining a …

India-U.S. target technologies in maritime domain under start-up collaboration
1 year, 2 months ago

India-U.S. target technologies in maritime domain under start-up collaboration

The Hindu  

Two defence innovation challenges launched under the ambitious joint initiative, India-U.S. Defence Acceleration Ecosystem related to the domains of underwater communications and oil spill detection, are now in advanced stages where applications from start-ups on both sides have been invited and would subsequently be evaluated and shortlisted, officials said on Wednesday. The two INDUS-X challenges under ‘INDUS-X Mutual Promotion of …

Identified nine verticals for integration among three services, says Chief of Defence Staff Gen Chauhan
1 year, 3 months ago

Identified nine verticals for integration among three services, says Chief of Defence Staff Gen Chauhan

The Hindu  

Chief of Defence Staff Gen Anil Chauhan has said the process of ‘theatrisation’, part of a reorganisation effort undertaken by the armed forces, is among the most ambitious reforms post-independence. There is good synergy right now.,” Gen Chauhan said speaking at the India Defence Conclave organised by news portal Bharat Shakti. ₹2.5 lakh crore outlay Addressing the conclave, Army Chief …

Indian Defence exports breach Rs 16000 crore mark to reach an all time high
1 year, 4 months ago

Indian Defence exports breach Rs 16000 crore mark to reach an all time high

Op India  

Looking to expand the Make in India in defence sector, India’s defence exports have skyrocketed to an all-time high, touching nearly the Rs 16,000 cr mark in FY 2022-23, Defence Ministry said on Friday. “With a 23-fold increase in exports, Indian design and development capabilities are reaching over 85 countries,” the Defence Ministry announced. The Indian indigenous defence industry has …

Embraer taps HAL, Tata for defence aircraft mfg
1 year, 4 months ago

Embraer taps HAL, Tata for defence aircraft mfg

Live Mint  

NEW DELHI : Embraer Defense & Security is in talks with five Indian entities, including Hindustan Aeronautics Ltd and Tata group, to manufacture defence transport aircraft in India, a top executive at the Brazilian plane maker said. We are talking to four or five companies to discuss the MTA programme, and these companies are from both the government and private …

India's Defence Journey: From Importer to Export Powerhouse
1 year, 4 months ago

India's Defence Journey: From Importer to Export Powerhouse

News 18  

India’s defence manufacturing sector has witnessed a remarkable transformation in recent years, with a strategic shift from being a major importer to a budding exporter. India will soon be the world’s largest defence manufacturing base.” Pro-active policy Under the Modi government, there have been active measures taken to drive indigenisation and promote exports, while reducing defence imports. Major export destinations …

The country is ready for a major bulk-up of its defence armoury
1 year, 6 months ago

The country is ready for a major bulk-up of its defence armoury

Live Mint  

Prime Minister Narendra Modi’s historic visit to the US came at a crucial juncture. For instance, the successful development of Defence Research and Development Organisation’s advanced towed artillery gun system by Bharat Forge and Tata Group is testimony to Indian industry’s capability in developing our own advanced weapon platforms. Particularly noteworthy is the company’s defence subsidiary, Kalyani Strategic Systems Ltd, …

INDUS-X: India, US to expand strategic technology partnership and defence industrial cooperation
1 year, 6 months ago

INDUS-X: India, US to expand strategic technology partnership and defence industrial cooperation

Firstpost  

With an aim to expand the strategic technology partnership and defence industrial cooperation between the two countries, India-US Defence Acceleration Ecosystem was launched by the defence departments of India and the US on Wednesday, informed an official press release. Several Industry and Academia-led initiatives were also taken, under which the Indian and US defence firms intend to identify opportunities to …

Defence sector stocks are rising. Does the rally have enough steam?
1 year, 7 months ago

Defence sector stocks are rising. Does the rally have enough steam?

Live Mint  

On Monday this week, the share price of all maritime defence sector stocks went through the roof. Reports stated that both the secretaries also touched upon General Electric's proposal to share technology with India for fighter jet engines and New Delhi's plan to procure MQ-9B armed drones for over US$ 3 billion from US defence major General Atomics Aeronautical Systems …

India on fast track to attain 'atmanirbharata' in defence sector
1 year, 7 months ago

India on fast track to attain 'atmanirbharata' in defence sector

Firstpost  

The ‘Atmanirbhar Bharat’ initiative of the Indian government seems to have achieved a significant milestone with India’s defence exports reaching an all-time high during the financial year 2022-23. According to Sweden-based think tank Stockholm International Peace Research Institute, defence imports by India fell by 11% during the five-year period between FY 2013–17 and FY 2018–22. With an 11% share of …

India will be a developed nation by 2047: Rajnath Singh
1 year, 7 months ago

India will be a developed nation by 2047: Rajnath Singh

Live Mint  

New Delhi: India will become a strong, prosperous, self-reliant, and developed nation by 2047, said Defence Minister Rajnath Singh on Monday. During his address at the 12th convocation ceremony of Defence Institute of Advanced Technology in Pune, Maharashtra, Singh emphasized the need for Indian research institutes to accelerate their activities in advanced technology to make India capable of dealing with …

All-Time High Defence Exports 16000 crore India position World Arms Bazaar PM Narendra Modi Rajnath singh MoD Indian defence sector
1 year, 9 months ago

All-Time High Defence Exports 16000 crore India position World Arms Bazaar PM Narendra Modi Rajnath singh MoD Indian defence sector

ABP News  

India achieved a record Rs 16,000 crore worth of defence equipment exports last financial year. India continues to be an attractive selling destination, and as revealed by Defence Minister Rajnath Singh, the Indian defence sector has emerged as a major demand creator. Indian defence research entities have devoted lot of their energy and time, and has been able to equip …

India's defence exports reach all-time high of nearly Rs 16,000 crore in 2022-23
1 year, 9 months ago

India's defence exports reach all-time high of nearly Rs 16,000 crore in 2022-23

India Today  

India's defence exports reached an all-time high of Rs 15,920 crore in the financial year 2022-23, over a 10-times increase since 2016-17. The rising defence exports and participation of 104 countries in Aero India 2023 are proof of India’s growing defence manufacturing capabilities. A clear manifestation of India’s talent and the enthusiasm towards ‘Make in India.’ It also shows the …

DC Edit | 75% domestic purchasing of defence gear laudable target
1 year, 10 months ago

DC Edit | 75% domestic purchasing of defence gear laudable target

Deccan Chronicle  

For far too long, we Indians had felt that, just like for petroleum, we, as a country, would also remain an importer of defence equipment. It was really an audacious vision to believe that defence procurement could be linked to the political philosophy of the government, best expressed through “Atma Nirbhar Bharat” and Make in India, reduce our dollar outflow …

Manufacturing cutting-edge products need of the hour to attain ‘Aatmanirbharta‘: Rajnath Singh
1 year, 11 months ago

Manufacturing cutting-edge products need of the hour to attain ‘Aatmanirbharta‘: Rajnath Singh

Live Mint  

Defence Minister Rajnath Singh has called upon Indian & global industry leaders to support the Government’s endeavour to design, develop and manufacture cutting-edge products, using critical technologies, within the country to attain complete ‘Aatmanirbharta’ in defence, with the overall objective of achieving shared global peace and prosperity. Rajnath Singh assured industry leaders that the government is open to new ideas …

Defence industry one of key drivers of India's growth, says Defence Minister Rajnath Singh
1 year, 11 months ago

Defence industry one of key drivers of India's growth, says Defence Minister Rajnath Singh

Firstpost  

The Defence Minister has called upon Indian and global industry leaders to support the government’s endeavour to design, develop and manufacture cutting-edge products, using critical technologies within the country to attain complete ‘Aatmanirbharta’ in defence. Bengaluru: India will become 3rd largest economy in the world in the next 5 years, Defence Minister Rajnath Singh said on Monday, adding that the …

Defence Diary: DefExpo Showed India’s Potential as Exporter but Policy Play Needs More Push
2 years, 2 months ago

Defence Diary: DefExpo Showed India’s Potential as Exporter but Policy Play Needs More Push

News 18  

The DefExpo-2022 — India’s largest defence exhibition held in Gujarat’s Gandhinagar last week — brought to the fore an impressive number of Indian companies showcasing their offerings spanning new technology as well as modern platforms and equipment in use with the defence services. DefExpo-2022 underlined the twin ambitions of India in the defence sector—one is to be self-sustaining by full …

How India’s Defence Indigenisation Can Be the Backbone for Strong, Assertive Foreign Policy
2 years, 4 months ago

How India’s Defence Indigenisation Can Be the Backbone for Strong, Assertive Foreign Policy

News 18  

On September 2, 2022, the Indian Navy, in the presence of Prime Minister Narendra Modi, commissioned INS Vikrant, the first indigenous aircraft carrier built at the cost of Rs 23,000 crore. The Modi government implemented it and increased drastically after the Defence Acquisition Procedure 2020, following the unprecedented situations like the Covid-19 pandemic and the Galwan clashes, which resulted in …

Domestic procurement of defence equipment sees upward trend: Govt to Lok Sabha
2 years, 5 months ago

Domestic procurement of defence equipment sees upward trend: Govt to Lok Sabha

Hindustan Times  

The domestic procurement of defence equipment has seen an upward curve over the past three years, from 54% in 2018-19 to 64% in 2020-21, Union minister of state for defence Ajay Bhatt told the Lok Sabha on Friday, with this year’s target being 68%. Union minister of state for defence Ajay Bhatt speaks in the Lok Sabha during the ongoing …

Focus on Innovation in Semiconductor Technology Will Boost Defence Manufacturing
2 years, 6 months ago

Focus on Innovation in Semiconductor Technology Will Boost Defence Manufacturing

News 18  

According to the data published by the Swedish research centre, Stockholm International Peace Research Institute, which tracks military expenditures and global arms trade, India was the third-largest spender on military and defence in the world accounting for 3.7% of the world’s military expenditure share in 2020. Considering the necessity of semiconductor technology in developing advanced military systems, defence manufacturing in …

Almost all defence orders will now only be given to indigenous manufacturers, says Army Vice Chief BS Raju
2 years, 8 months ago

Almost all defence orders will now only be given to indigenous manufacturers, says Army Vice Chief BS Raju

Firstpost  

While inaugurating the North Tech symposium, Lt Gen Raju said that the Indian Army has entered into contracts worth Rs 40,000 crore with the indigenous defence industry in the last two years Udhampur, Jammu and Kashmir: In a bid to ensure the country’s self-reliance in defence, the Indian Army has signed contracts worth Rs 40,000 crore with indigenous defence manufacturers, …

Centre to fund four Indian defence projects
2 years, 10 months ago

Centre to fund four Indian defence projects

Deccan Chronicle  

New Delhi: In a major push towards ‘Aatmanirbharta’ in defence sector, the defence ministry accorded in-principle approval to fund four projects by Indian industry. Defence ministry has offered these four projects to the Indian Industry for design and development under Make-I category of Defence Acquisition Procedure 2020. Three projects for Indian Air were accorded ‘Approval In-Principle ’ by Collegiate Committee …

Defence, aerospace manufacturing sector will surge to ₹1 lakh cr in 2022: Rajnath Singh
3 years ago

Defence, aerospace manufacturing sector will surge to ₹1 lakh cr in 2022: Rajnath Singh

Live Mint  

Defence Minister Rajnath Singh on Saturday said that India's defence and aerospace manufacturing sector will escalate to ₹1 lakh crore in 2022. The current budget for the defence and aerospace manufacturing sector is ₹85000 crore. The contribution of the private sector in India's defence and aerospace manufacturing will rise to over Rs1 lakh crore by 2047 from around Rs18,000 crore …

The growth of India’s defence exports
3 years ago

The growth of India’s defence exports

The Hindu  

The story so far: India’s defence exports have increased from ₹1,521 crore in 2016-17 to ₹8,434.84 crore in 2020-21. While giving out the value of defence exports, Minister of State for Defence Ajay Bhatt said in a written reply to the Rajya Sabha earlier this week, “Further, the names of the major defence items exported cannot be divulged due to …

Will Provide Financial Support to 7 New Defence Companies if Required: Rajnath Singh
3 years, 2 months ago

Will Provide Financial Support to 7 New Defence Companies if Required: Rajnath Singh

News 18  

Seven new defence public sector undertakings, carved out of the erstwhile Ordnance Factory Board, were on Friday dedicated to the nation by Prime Minister Narendra Modi as part of a major reform initiative to boost India’s defence production. Defence Minister Rajnath Singh said the government will provide support to the companies initially through financial and non-financial interventions if required. The …

Factories to Corp Entities: All About the 7 Defence Firms Carved Out of OFB by Modi
3 years, 2 months ago

Factories to Corp Entities: All About the 7 Defence Firms Carved Out of OFB by Modi

News 18  

Prime Minister Narendra Modi on Friday dedicated seven new state-run defence firms replacing the Ordnance Factory Board and said that a single-window system has been put in place instead of stagnant policies to develop India as a major producer of defence equipment. The new companies are: Armoured Vehicles Nigam Limited, Munitions India Limited, Advanced Weapons and Equipment India Limited, Troop …

More Trust, Transparency in Defence Sec Now, Goal is to Become World's Biggest Military Power: PM Modi
3 years, 2 months ago

More Trust, Transparency in Defence Sec Now, Goal is to Become World's Biggest Military Power: PM Modi

News 18  

New Delhi: For the first time since Independence, many major reforms were rolled out in India’s defence sector and it has more transparency and trust than ever before, Prime Minister Narendra Modi said on Friday. After dedicating seven new state-run defence firms replacing the Ordnance Factory Board, the prime minister said a single-window system has been put in place instead …

Under self-reliant India campaign, goal is to make country world's biggest military power on its own: PM Modi
3 years, 3 months ago

Under self-reliant India campaign, goal is to make country world's biggest military power on its own: PM Modi

India Today  

PM Narendra Modi on Friday launched seven defence companies that have been converted from the Ordnance Factory Board department to seven fully government-owned corporate entities to improve self-reliance on the country's defence preparedness. He said: "Under the self-reliant India campaign, the country's goal is to make the nation the world's biggest military power on its own and develop a modern …

India bets big on Paras Defence and Space Technologies Ltd, read why
3 years, 3 months ago

India bets big on Paras Defence and Space Technologies Ltd, read why

Op India  

What would be your reaction if you were told that your money grows 5% everyday? Paras Defence and Space Technology is a company that got listed in the stock market just recently. PM Modi said that India’s approach to space reforms is based on four pillars: freedom to private sector in innovation, role of government as an enabler, to make …

India seeks to create $5 billion worth of defence equipment by 2025, says DRDO
3 years, 4 months ago

India seeks to create $5 billion worth of defence equipment by 2025, says DRDO

Firstpost  

The aim is to fight the next war with Indian weapons, said DRDO Director General Hari Babu Srivastava Noida: The Union government has an ambition to create $5 billion worth of defence equipment by 2025, a senior DRDO official said, emphasising on the need for developing an ecosystem for defence research in the country. To realise this ambition, the government …

India committed to enhancing defence manufacturing capabilities, says Narendra Modi
3 years, 10 months ago

India committed to enhancing defence manufacturing capabilities, says Narendra Modi

Firstpost  

Addressing a webinar on the effective implementation of the Union Budget’s provisions in the defence sector, the PM urged the private sector to take up both designing and manufacturing of defence equipment New Delhi: India is working hard to enhance its capabilities and capacities in the defence-manufacturing sector at a fast pace, Prime Minister Narendra Modi said on Monday, noting …

Auto companies aim for projects in defence sector as growth slows
4 years, 4 months ago

Auto companies aim for projects in defence sector as growth slows

Live Mint  

India’s automobile companies and parts makers plan to tap opportunities in the defence sector to offset sluggish demand for automobiles in the domestic market amid the coronavirus crisis. Companies such as Ashok Leyland Ltd, Force Motors Ltd, BEML Ltd, Bharat Forge Ltd, JCB India Ltd and Automotive Axles Ltd see the government’s localization push for the defence sector as a …

Defence stocks soar as govt restricts import of 101 items in phases
4 years, 5 months ago

Defence stocks soar as govt restricts import of 101 items in phases

Live Mint  

Investors are lapping up defence-related stocks as ministry of defence has identified 101 specific weapons, platforms, equipment, imports of which will be restricted in a phased manner over the next five years. Stocks like Bharat Electronics Ltd, Bharat Dynamics Ltd, Hindustan Aeronautics Ltd, Apollo Micro Systems Ltd, Reliance Naval and Engineering rallied 4-12% in early trade on Monday. According to …

Make in India Gets Big Push as Rajnath Singh Announces Import Embargo on 101 Weapon Systems
4 years, 5 months ago

Make in India Gets Big Push as Rajnath Singh Announces Import Embargo on 101 Weapon Systems

News 18  

With the aim of boosting local weapons production, Defence Minister Rajnath Singh on Sunday morning declared an embargo on 101 defence items which, he said, will now be produced locally. In addition to putting these items on a 'negative list', Singh said that "contracts worth almost Rs 4 lakh crore will be placed upon the domestic industry within the next …

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