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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Defence ministry approves 10 capital acquisition proposals worth ₹1.45 lakh cr
99% of the proposals are from indigenous sources under Buy Indian and Buy (lndian-Indigenously Designed Developed and Manufactured) categories, says defence ministry
Defence projects worth ₹45,000 cr get govt nod
Procurements to be made from Indian vendors in line with Centre’s ‘Aatmanirbhar Bharat’ push
BEL, Astra Microwave shares hit 52-week highs; here’s why
Shares of BEL gained 2.9% to hit a fresh 52-week high of ₹138.20 on the BSE, while Astra Microwave Products rallied 7.7% to touch a 52-week high of ₹398.60.
Govt nod to proposals worth ₹7,800 cr to enhance Army’s op capabilities
Govt to procure electronic warfare & ground-based autonomous systems, light machine gun and bridge laying tanks, and gadgets; all these will be sourced indigenously
Boost to Indian Navy as Centre approves 26 Rafale Marine aircraft buy from France
Defence ministry says price, other terms to be negotiated with French govt after taking into account all relevant aspects, including comparative price of similar aircraft by other countries
Govt approves procurement of ₹70,500 cr-worth indigenously made weapons
Of this, the procurement of weapons by the Indian Navy accounts for ₹56,000 crore.
