Rafale effect
Rafale Marine fighter jets
Hindustan Aeronautics Limited
Dassault Aviation
Rs 63,000-crore deal: Government inks deal with France to purchase 26for the Indian Navy.9%: Defence stocks climb after strong rally on Monday 4.5%: Nifty Defence index rises Gainers 17 out of its 18 constituents were in the positive territory, with notable gains from companies such as Paras Defence and Space Technologies, Garden Reach Shipbuilders and Engineers and Data Patterns (India)(HAL) saw a rise of over 5.5%, while Mazagon Dock Shipbuilders and Cochin Shipyard gained 4.77% and 6.1%, respectively.Bharat Electronics Limited (BEL) also experienced a notable increase by rising over 3.28% during the session.The 26 Rafale-Marine jets for the Navy, manufactured byof France, are expected to be delivered within 37 to 65 months. The delivery of all the planes is scheduled to be completed by 2030-31.The Rafale procurement will include weapons, simulators, spares, associated ancillary equipment, crew training and logistics support for the Indian Navy from the French government. Besides, it includes indigenous manufacturing of components under offset obligations as part of the 'Atmanirbhar Bharat' initiative.The fighter jets will be deployed on aircraft carriers INS Vikrant and INS Vikramaditya, strengthening the Navy's capability to counter threats in the Indian Ocean.
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