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Mint
2 days ago
- Business
- Mint
HAL, BEL, Bharat Dynamics, other defence stocks in focus as DAC approves projects worth ₹67,000 crore
Hindustan Aeronautics (HAL), Bharat Dynamics, Bharat Electronics (BEL), BEML, and other defence stocks will be in focus on Wednesday after the government approved key military projects worth around ₹ 67,000 crore. The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, approved various proposals aimed at boosting India's military capabilities, including procurement of long endurance drones, mountain radars and missile systems at a cost of around ₹ 67,000 crore. For the Indian Army, Acceptance of Necessity (AoN) was accorded for the procurement of Thermal Imager-based Driver Night Sight for BMP. This would enhance night driving capability of BMP and provide higher mobility and operational advantage to the Mechanised Infantry, Ministry of Defence said in a release. For the Indian Navy, AoN was accorded for the procurement of Compact Autonomous Surface Craft, BrahMos Fire Control System & Launchers and Upgradation of BARAK-1 Point Defence Missile System. For the Indian Air Force, DAC approved the procurement of Mountain Radars and Upgradation of SAKSHAM/SPYDER Weapon System, it added. AoN was also accorded for procurement of Medium Altitude Long Endurance (MALE) Remotely Piloted Aircraft (RPAs) for the three Services. In addition, DAC has also accorded AoN for sustenance of C-17 and C-130J fleets and comprehensive annual maintenance contract of S-400 Long Range Air Defence Missile System. Analysts believe defence stocks such as HAL, BEL, BDL, Solar Industries, Data Patterns (India), MIDHANI, among others may tend to benefit from the contracts. 'Defence companies likely to benefit from the ₹ 67,000 crore DAC clearance include Bharat Electronics Ltd (BEL) and Hindustan Aeronautics Ltd (HAL), given their strong alignment with the approved project domains such as radars, drones, and air defence systems. In the short term, markets are expected to respond positively to this news,' said Prashanth Tapse, Sr VP Research – Research Analyst at Mehta Equities. However, in the long term, he believes the real value will hinge on timely execution and sustained government support to the domestic defence ecosystem.
Mint
2 days ago
- Business
- Mint
HAL, BEL, Bharat Dynamics, other defence stocks in focus as DAC approves projects worth ₹67,000 crore
Hindustan Aeronautics (HAL), Bharat Dynamics, Bharat Electronics (BEL), BEML, and other defence stocks will be in focus on Wednesday after the government approved key military projects worth around ₹ 67,000 crore. The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, approved various proposals aimed at boosting India's military capabilities, including procurement of long endurance drones, mountain radars and missile systems at a cost of around ₹ 67,000 crore. For the Indian Army, Acceptance of Necessity (AoN) was accorded for the procurement of Thermal Imager-based Driver Night Sight for BMP. This would enhance night driving capability of BMP and provide higher mobility and operational advantage to the Mechanised Infantry, Ministry of Defence said in a release. For the Indian Navy, AoN was accorded for the procurement of Compact Autonomous Surface Craft, BrahMos Fire Control System & Launchers and Upgradation of BARAK-1 Point Defence Missile System. For the Indian Air Force, DAC approved the procurement of Mountain Radars and Upgradation of SAKSHAM/SPYDER Weapon System, it added. AoN was also accorded for procurement of Medium Altitude Long Endurance (MALE) Remotely Piloted Aircraft (RPAs) for the three Services. In addition, DAC has also accorded AoN for sustenance of C-17 and C-130J fleets and comprehensive annual maintenance contract of S-400 Long Range Air Defence Missile System. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
The Hindu
2 days ago
- Business
- The Hindu
DAC approves defence procurement worth ₹67,000 crore to strengthen border security
The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, sanctioned multiple procurement proposals worth nearly ₹67,000 crore to strengthen the nation's military preparedness. According to the Ministry of Defence (MoD), for the Indian Army, Acceptance of Necessity (AoN) was accorded for the procurement of Thermal Imager-based Driver Night Sight for BMP. This would enhance night driving capability of BMP and provide higher mobility and operational advantage to the mechanised infantry. For the Indian Navy, AoN was accorded for the procurement of Compact Autonomous Surface Craft, BrahMos Fire Control System and launchers, and upgradation of BARAK-1 point defence missile system. The procurement of Compact Autonomous Surface Craft will provide the capability to the Navy for detection, classification and neutralisation of threats in anti-submarine warfare missions. For the Indian Air Force, AoN for procurement of mountain radars and upgradation of Saksham/Spyder weapon system was accorded. Mountain radars will enhance the air surveillance capability along and across the borders in the mountainous regions. The upgradation of Saksham/Spyder system for integration with Integrated Air Command and Control System will enhance the air defence capability, said the MoD in a statement. AoN was also accorded for the procurement of Medium Altitude Long Endurance (MALE) Remotely Piloted Aircraft (RPAs) for the three services. The proposed MALE RPAs can carry multiple payloads and weapons and operate at longer ranges for long endurance missions. They will significantly enhance round-the-clock surveillance and combat capability of the armed forces. In addition, the DAC has also accorded AoN for sustenance of C-17 and C-130J fleets and comprehensive annual maintenance contract of S-400 Long Range Air Defence Missile System.
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Business Standard
2 days ago
- Business
- Business Standard
Defence Ministry clears ₹67,000 crore military upgrade for armed forces
The Defence Ministry has cleared proposals worth ₹67,000 crore to boost the operational capabilities of the Army, Navy, and Air Force, including drones, radars, missile systems, and maintenance deals New Delhi The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, on August 5 cleared multiple defence proposals worth around ₹67,000 crore, aimed at significantly enhancing the operational capabilities of the Indian Armed Forces. In an official statement, the Ministry of Defence said, 'The Defence Acquisition Council, under the chairmanship of Raksha Mantri Rajnath Singh on August 5, approved various proposals amounting to a total cost of about Rs 67,000 crore.' 'This would enhance night driving capability of BMP and provide higher mobility and operational advantage to the Mechanised Infantry,' the statement said. Autonomous craft and upgraded missile defence The Indian Navy is set to acquire Compact Autonomous Surface Craft, BrahMos Fire Control System & Launchers, and an upgraded BARAK-1 Point Defence Missile System. According to the ministry, 'The procurement of Compact Autonomous Surface Craft will provide the capability to the Indian Navy for detection, classification and neutralisation of threats in anti-submarine warfare missions.' Radars for mountainous borders Meanwhile, the Indian Air Force (IAF) will receive Mountain Radars and an upgraded SAKSHAM/SPYDER Weapon System. 'The procurement of mountain radars will enhance the air surveillance capability along and across the borders in the mountainous region,' the ministry stated. 'The upgradation of SAKSHAM/SPYDER System for integration with Integrated Air Command and Control System will enhance the Air Defence capability,' it added. MALE drones for surveillance A major approval was granted for the procurement of Medium Altitude Long Endurance (MALE) Remotely Piloted Aircraft (RPAs) for use across all three services. 'The proposed MALE RPAs can carry multiple payloads & weapons and operate at longer ranges for long endurance missions. They will significantly enhance round-the-clock surveillance and combat capability of the Armed Forces,' the ministry noted. Support, maintenance approvals The DAC also cleared critical sustenance and maintenance proposals, including for India's strategic airlift and missile defence assets. 'AoN was also accorded for sustenance of C-17 and C-130J fleets and comprehensive annual maintenance contract of S-400 Long Range Air Defence Missile System,' the ministry said.
Mint
2 days ago
- Business
- Mint
Big boost for Indian Armed Forces: DAC clears ₹67,000 crore proposals to enhance operational capability
The Defence Acquisition Council under the chairmanship of Defence Minister Rajnath Singh on Tuesday cleared proposals worth nearly ₹ 67,000 crore to enhance operational capability of armed forces, the Centre said. The proposals include several defence equipment requirements for the Indian Army, Navy and the Air Force. The DAC gave an Acceptance of Necessity (AoN) to the Indian Army to procure Thermal Imager-based Driver Night Sight for BMP. 'This would enhance night driving capability of BMP and provide higher mobility and operational advantage to the Mechanised Infantry,' the defence ministry said in a press release. The council, headed by Rajnath Singh, also accorded an AoN to the Indian Navy whereby it can procure the Compact Autonomous Surface Craft, and BrahMos Fire Control System and Launchers. A proposal to upgrade the BARAK-1 Point Defence Missile System was also cleared. The procurement of Compact Autonomous Surface Craft will provide the capability to the Indian Navy for detection, classification and neutralisation of threats in anti-submarine warfare missions, the Centre said. For the Indian Air Force, AoN for procurement of Mountain Radars and Upgradation of SAKSHAM/SPYDER Weapon System was accorded. The procurement of mountain radars will enhance the air surveillance capability along and across the borders in the mountainous region. The upgradation of the SAKSHAM/SPYDER System for integration with the Integrated Air Command and Control System will enhance the Air Defence capability, the ministry said. An AoN was accorded for procuring Medium Altitude Long Endurance (MALE) Remotely Piloted Aircraft (RPAs) for the three Services. The proposed MALE RPAs can carry multiple payloads & weapons and operate at longer ranges for long endurance missions. They will significantly enhance the round-the-clock surveillance and combat capability of the Armed Forces. In addition, DAC has also accorded AoN for the sustenance of C-17 and C-130J fleets and a comprehensive annual maintenance contract of the S-400 Long Range Air Defence Missile System.
