Mazagon Dock, GRSE, HAL, BEL shares rise up to 5% as DAC approves ₹1.45 lakh cr procurements
The Defence Acquisition Council (DAC) on Tuesday approved 10 capital acquisition proposals worth ₹1.45 lakh crore for the Indian Army, Navy, and Air Force.
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From ₹609 to ₹1,293: This defence stock doubles in less than 5 months
The multibagger stock has soared more than 6 times since its listing on the stock exchanges in October 2021.
MoD to procure 346 items indigenously to boost domestic defence manufacturing
Before this, the four PILs included 4,666 items, a little over 60% of these items with an import substitution value of Rs 3,400 crore, have already been indigenised.
Adani Enterprises' defence arm inks pact with EDGE group; stock rises
Adani Defence & Aerospace and EDGE group will explore setting up R&D facilities in India, the UAE, and other global markets.
Bharat Electronics shares surge 9% to hit fresh record high; here’s why
Extending rally for the sixth straight session, BEL shares rose as much as 9.2% to touch a new all-time high of ₹282.80 on the BSE.
IIT Jodhpur-DRDO set up centre for defence tech R&D
The new centre will spearhead focused research in identified verticals, including Desert Warfare Technologies and Futuristic Omni Mobility Systems among others.
HAL shares hit record-high on govt's order for 34 Dhruv choppers
Last week, the Cabinet Committee on Security approved a proposal for 34 new advanced light helicopter (ALH) Dhruv Helicopters which will be manufactured by HAL.
Adani Defence launches South Asia’s largest ammunition, missiles facilities in Kanpur
The Adani group plans to invest over ₹3,000 crore in the facilities, which are expected to create around 4,000 jobs, Adani Defence says in a release.
GeM portal clocks ₹1 lakh cr order value from defence ministry
50.7% of the total orders, amounting to ₹60,593 crore, have been awarded to micro and small enterprises by MoD buyers
Deep-tech R&D for defence and aerospace gets a boost in Interim Budget
The corpus will provide long-term financing or refinancing with long tenors and low or nil interest rates.
