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India.com
4 days ago
- Business
- India.com
Project Kusha: Indias Indigenous S-400-Style Air Defence System To Be Ready Soon
Taking a giant leap towards self-sufficiency in defense technology, India is designing a locally developed long-range surface-to-air missile (SAM) system similar to Russia's S-400 under Project Kusha, an all-India collaborative project by the Defence Research and Development Organisation (DRDO) and Bharat Electronics Limited (BEL). The native system is being developed to resemble the performance of the Russian-produced S-400 Triumph, which had lately come into action during Operation Sindoor, when Indian military forces were able to intercept more than 300 Pakistani drones and missile attacks following terror activities from the other side of the border. Project Kusha Timeline And Scope As per The Economic Times, the indigenous system's prototype is likely to be completed within the next 12 to 18 months. The user trials could then be stretched over 12 to 36 months to test operational effectiveness. BEL, one of the main defence PSUs that is engaged in air defence systems such as Akashteer, is also developing essential subsystems of Project Kusha, such as advanced control systems and radar technologies. BEL Chairman and Managing Director Manoj Jain replied on the March quarterly earnings call that the company is waiting to hear regarding the choice of a system integrator and would like to be among them if two are chosen by the government. NDTV Profit said Project Kusha had the potential to yield a Rs 40,000 crore defence order, making it a flagship project of India's missile defence capabilities. S-400 Triumph Still Relevant India had signed a USD 5.4 billion deal with Russia to buy five S-400 systems in 2018. So far, three have arrived, while the fourth is due next year and the fifth will come in 2026. Meanwhile, National Security Advisor Ajit Doval will travel to Moscow from May 27 to 29 to attend the 13th International Meeting of High Representatives for Security Issues. He will be required to advocate for the early delivery of the rest of the S-400 systems. BEL's Other Defence Projects Besides Project Kusha, BEL is also undertaking the QRSAM system's development. Negotiations are on to close its contract, and a specialized team has been constituted to complete the project, which is likely to create orders worth Rs 30,000 crore. "We are the production agency for QRSAM, so the order will come to BEL," Jain stated. Operation Sindoor: Air Defence In Action During Operation Sindoor, India struck back at the April 22 terror strike in Jammu and Kashmir's Pahalgam—which killed 26 people—by carrying out precision attacks on nine terror camps in Pakistan and Pakistan-occupied Kashmir. The Indian Air Force had fielded the S-400 system along with local missile defences such as Akash, Samar, Barak-8, and anti-drone capabilities through the Integrated Air Command and Control System (IACCS). The S-400 system's superior radar and engagement capabilities made it capable of countering aerial threats up to 400 km away, reiterating its strategic value. As India keeps ramping up its defence readiness in the face of regional security threats, Project Kusha is a key step towards indigenisation and technology independence in air defence. The success of this indigenous S-400 substitute has the potential to radically change India's strategic independence in missile defence capabilities.
New Indian Express
26-05-2025
- Business
- New Indian Express
Whatever we did, was for country: DRDO veterans behind anti-drone tech used in Operation Sindoor
Akash is like a complete missile shield? Exactly, it is like a missile shield. It has detection, long-range detection radar, short-range detection radar, guidance radar, communication systems, it has missiles on its own that can go and then attack the enemy. This gave an opportunity for all the private players to build themselves very strong. Because they are getting money, getting the order, they could expand themselves and build the facilities. Thus, after 2007, the entire scenario changed. The first programmes took 25 years for development. The subsequent programmes, the next generation missiles that the country has started — something like QRSAM where now multiple countries are ready to buy — have taken only around 10 years, from conceptual idea to production. The reason is you have a proper supporting backup industry. If I wanted a motor earlier, it would have taken a year earlier whereas now it is just two months. Most of these components are indigenously produced. In the last 10 years, the initiatives that were done in the defence domain are really unheard of … leaving aside the politics. The one man who changed all this I would say was Manohar Parrikar (former defence minister). He was a visionary. He said this kind of model cannot work — producing it through DRDO, public sector. He realised we have to involve the private players also in R&D. We should see to it that they get the orders, that they start developing the systems. If you have a problem, do not restrict yourself to closed-door conversations because you will not get the solution. You will have to speak aloud your problems — call more participants and then ask for the solutions. So, that is where the MoD has opened up. Five years, 10 years ago, if you wanted to get into army headquarters or the air force headquarters, for a private player, it was a nightmare. You were asked around 100 questions — including why do you want a meeting with me? Today, secretaries call private companies and ask us what is it that you want to make these systems better. Do you want some test facilities or a policy modification? The bureaucratic process has been simplified. Yes, it has been simplified. It has been made more open to the private industry. They realised that unless we tap this potential, we cannot grow. The result is Operation Sindoor. The result of all that has happened behind the scenes has suddenly emerged in public. You have seen some battles recently, at least two to three. You could stop potential catastrophic damage that could have happened otherwise because we are prepared. We are prepared without depending on foreign countries. Wherever possible, they have built the technology with jammer shields. That is why most of the drones could not get in. Will this be the future of warfare now? Yes, this has been proven and on multiple occasions, we have already seen what they can do. Both of you are into technology. Most people go abroad. Why did you prefer DRDO? We had a little bit of patriotism right from day one. In fact, this choice was there even for us. In 2003, when we joined DRDO, the size of the batch was 442 — all of them scientists trained together at Pune at the Institute of Armament Technology (now DIAT). Out of that, within three years, 50 per cent left for these kinds of opportunities. In those days, DRDO used to be a kind of launch pad. You join, learn for two to three years, get into some private company and then start building your career. But we never chose that. Whatever we did, we wanted to do it for the country.
Time of India
23-05-2025
- Business
- Time of India
Project Kusha Air Defence System: India developing desi S400-like missile system, prototype likely in a year
Bharat Electronics Limited (BEL), a key defence public sector undertaking that manufactures air defence systems like Akashteer , is advancing efforts to develop a S400-type indigenous long-range surface-to-air missile (SAM) system under Project Kusha . As per reports, the company aims to complete the prototype in 12 to 18 months, followed by user trials that could last 12 to 36 months. Project Kusha air defence system prototype phase set to begin soon Project Kusha is led by the Defence Research and Development Organisation (DRDO) and aims to build a system that can counter various aerial threats such as drones, aircraft, and missiles. BEL is working as DRDO's development partner for several subsystems of the project, including radars and control systems. 'We are the development partner with DRDO and are developing jointly so many subsystems of Kusha, mainly different types of radars and control systems,' BEL Chairman and Managing Director Manoj Jain said during the March quarter earnings call. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Victoria Principal Is Almost 75, See Her Now Reportingly Undo BEL is also waiting for a decision on who will integrate the full system. 'If they decide to have two system integrators, then definitely we will be one of them,' Jain said. BEL also developing QRSAM Apart from Project Kusha, BEL is also working on the Quick Reaction Surface-to-Air Missile (QRSAM) system. The company expects to receive an order worth Rs 30,000 crore for this project, covering combined requirements of the Indian Army and Air Force . Live Events You Might Also Like: BEL signs contract with Army for Indigenous Counter-Drone System, secures orders worth Rs 572 crore 'QRSAM may be around roughly Rs 30,000 crore… we are the production agency for QRSAM. So order will come to BEL,' Jain said. He added that the order may be finalised by the last quarter of the current financial year or could slip into the first quarter of the next. BEL's Akashteer air defence systems show strong performance BEL's role in strengthening India's air defence network has gained attention with the recent success of the Akashteer system. Designed to improve situational awareness and coordination, Akashteer is an air defence control and reporting system developed specifically for the Indian armed forces. It enables real-time monitoring and engagement of multiple aerial targets and integrates a wide range of sensors and weapon systems into a single operational framework. The system was recently inducted into active service and is considered a significant upgrade to legacy command systems. It enhances India's capability to respond swiftly to aerial threats, especially in forward areas. India's broader air defence capabilities have also shown operational strength in recent months. The Akash missile system, another indigenous project, successfully demonstrated its ability to intercept high-speed targets in multiple live-fire exercises. You Might Also Like: India-Pakistan War: From S400 to Akash missiles, here's how Indian air defence system works 24x7 to protect our skies from enemy attack S-400 strengthens India's strategic deterrence Alongside its indigenous efforts, India continues to operate the Russian-made S-400 Triumf air defence system, which is regarded as one of the most advanced systems of its kind globally. The Indian Air Force has already deployed multiple S-400 units at strategic locations to counter aerial threats from long distances. These systems are capable of tracking and engaging multiple targets simultaneously, including fighter jets, ballistic missiles, and drones. The S-400 has played a key role in boosting India's layered air defence shield and offers coverage over vast geographical areas. Its integration into India's air defence command has provided the armed forces with early warning capabilities and rapid interception options. So far, the system has performed as expected during training and operational deployment, according to officials familiar with its use. India's use of the S-400 has also influenced the development of indigenous alternatives like Project Kusha. The goal is to achieve similar capability using Indian technologies, reducing reliance on foreign platforms.
Business Standard
21-05-2025
- Business
- Business Standard
Bharat Electronics rallies on upbeat outlook, target price upgrade
Bharat Electronics (BEL) jumped 3.71% to Rs 377.20 after a domestic brokerage reiterated its 'Buy' call on the stock and raised the target price to Rs 430 from Rs 385. The upgrade comes on the back of a robust Q4 performance and a strong growth outlook. The brokerage highlighted higher localisation, a favourable product mix, and operational efficiencies as key levers driving BEL's growth trajectory. On a consolidated basis, BEL's net profit jumped 18.35% to Rs 2,127.04 crore on 6.83% rise in revenue from operations to Rs 9149.59 crore in Q4 FY25 over Q4 FY24. As of 1 April 2025, BEL's order book stood at a solid Rs 71,650 crore, including $359 million in export orders. For FY26, the company anticipates fresh orders worth Rs 27,000 crore, excluding the much-awaited QRSAM (Quick Reaction Surface-to-Air Missile) order pegged at Rs 30,000 crore, which is expected to be finalized around Q4 FY26. BEL is also eyeing multiple large orders this year, including a Rs 6,000-10,000 crore deal to supply 10-12 major subsystems for Corvette ships to two defence shipyards, along with additional LCA (Light Combat Aircraft) requirements. The company remains in active discussions with the Army, Navy, and Air Force for emergency and strategic procurements, which could translate into accelerated order inflows, benefiting the current and next fiscal years. BEL, a Navratna PSU under the Ministry of Defence, manufactures advanced electronic products and systems for Indias armed forces. The Government of India holds a 51.14% stake in the company.
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Business Standard
21-05-2025
- Business
- Business Standard
PSU defence stock hits new high on heavy volumes; zooms 24% in 2 weeks
Bharat Electronics share price today Share price of Bharat Electronics (BEL) hit a new peak of ₹379.90 today, gaining 4 per cent on the BSE in Wednesday's intraday trade amid heavy volumes, as strong order book position provided healthy revenue visibility going forward. In the past two weeks, the stock price of the 'Navratna' defence public sector undertaking (PSU) company has rallied 24 per cent. Moreover, BEL share price has bounced back 51 per cent from its previous month low of ₹252.25, touched on April 7, 2025. At 10:43 AM, BEL shares were trading 3.9 per cent higher at ₹378 as compared to 0.95 per cent rise in the BSE Sensex index. Around 37.66 million equity shares have, together, changed hands on the NSE and BSE. Catch Stock Market LIVE Updates Today BEL Q4 results BEL reported a 15 per cent year-on-year (Y-o-Y) rise in net profit at ₹2,127 crore for the fourth quarter of financial year 2024–25 (Q4FY25). The company had posted a profit of ₹1,796.67 crore in the corresponding quarter of the previous financial year. The company reported a 6 per cent Y-o-Y increase in revenue from operations, which stood at ₹9,149.59 crore in Q4FY25, compared to ₹8,564.08 crore in Q4FY24. BEL order book As on April 1, 2025, the total order book of BEL stood at around ₹71,650 crore, including export order book of $359 million. On May 16, 2025, BEL announced that it has secured additional orders worth ₹572 crore. The major orders received by BEL include Integrated Drone Detection and Interdiction System (IDDIS), Software Defined Radio (SDR) and Data Communication Unit (DCU) for attack guns, AI based solutions for ships, simulators, communication equipment, jammers, spares, services etc. Earlier, on April 7, 2025, BEL announced that it has signed a deal with the Defence Ministry, worth ₹2,210 crore, for the supply of Electronic Warfare (EW) Suite for Mi 17 V5 Helicopters of Indian Air Force (IAF). In FY25, BEL secured orders worth ₹18,715 crore. Some of the major orders received during FY25 were BMP II Upgrade, Ashwini Radar, Software Defined Radios, Data link, Multi-Function Radars, EON 51, Seekers, Anti drone system, Airport Surveillance Radar, Sonar Upgradation, Flycatcher spares, Radar upgradation, Spares and Services etc and other projects in Non-defence sector. Order inflows for FY26 is estimated around ₹27,000 crore, excluding Quick Reaction Surface-to-Air Missile (QRSAM) order (worth ₹30,000 crore). QRSAM order is expected to be booked in Q4FY26. However, there might be some delay and may slip to Q1FY27, BEL said. The Management has guided for revenue growth of 15 per cent for FY26. It is also confident to maintain earnings before interest, taxes, depreciation and amortisation (Ebitda) margins at 27 per cent level, driven by increasing indigenise components in its subsystems and operating leverage. The Government's growing capital budget allocation and continued focus on increasing India's defence product manufacturing capability are expected to support the order inflow for BEL in the medium to long term. Additionally, the Government of India's increased focus on increasing indigenous procurement under 'Atmanirbhar Bharat' provides a unique opportunity for BEL to build its future revenue streams through development of domestic capabilities, according to analysts. ALSO READ | Brokerage View: JM Financial Institutional Securities on BEL The brokerage remains positive on BEL given the strong order backlog (₹71,600 crore), which provides revenue visibility. Besides, sustained steady margin profile, healthy order prospects, increasing business opportunity from Indian Navy (indigenization and increasing fleet), continuous focus on diversification (including anti-drone system) & exports markets and indigenisation push by the government of India augur well for the defence stock. Strengthening vendor/supplier base along with internal process improvement will help company to execute projects faster. Capex planned to be ₹1,000 crore/year for next couple of years towards capacity expansion. BEL continues to explore new growth opportunities through diversification, capability enhancement, competitiveness, modernization and export initiatives. Factoring in strong EBITDA margin guidance, analysts at the brokerage have revised their EPS estimates upwards by 3.6 per cent/4.3 per cent for FY26/27E. The brokerage firm expects revenue and profit after tax (PAT) to see a compounded annual growth rate (CAGR) of 16 per cent/12 per cent over FY25-27E. Analysts maintain a 'Buy' rating on BEL stock with a revised target price of ₹405 (₹360 earlier), valuing it at 45x FY27E (42x FY27E EPS earlier), on the back of a strong defence outlook and order pipeline. ALSO READ | About BEL BEL, a Navratna DPSU, was established in 1954 under the Ministry of Defence, the GOI, to cater to the electronic equipment requirements of the defence sector. The GOI remains BEL's largest shareholder with the current shareholding of 51.14 per cent. BEL is the dominant supplier of radar, communication and electronic warfare equipment to the Indian armed forces. The company has nine manufacturing units across India and two research units. The Bangalore and the Ghaziabad units are BEL's two major units, with the former contributing to the largest share of the company's total revenues and profits.
