HAL shares up 3% on bagging fresh order from defence ministry
The PSU has signed a deal worth ₹2,890 crore with the defence ministry for mid life upgrade of Indian Navy’s 25 Domier aircraft.
The PSU has signed a deal worth ₹2,890 crore with the defence ministry for mid life upgrade of Indian Navy’s 25 Domier aircraft.
50.7% of the total orders, amounting to ₹60,593 crore, have been awarded to micro and small enterprises by MoD buyers
Budget gives highest allocation to defence at ₹6.2 lakh crore in FY25
In FY24, seven ministries spent 55% of total expenditure
The ministry has so far contributed ₹72,225.30 crore in the gross merchandise value (GMV) of GeM.
HSL to supply five fleet support ships to the Indian Navy which will be employed for replenishing ships at sea with fuel, water, ammunition and stores.
The defence PSU stock has delivered strong returns of 455% in the last one year, rising from its 52-week low of ₹241.60 touched on July 1, 2023.
Of the total 10 contracts, two are air force projects, two are army projects and six are navy projects.
The PSU company has secured a contract worth ₹3,000 crore from the Indian Army and an ₹1,300-crore ordes from the Indian Navy.
Of this, the procurement of weapons by the Indian Navy accounts for ₹56,000 crore.