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New Delhi: India's defense sector, which showed its strength to the whole world through Operation Sindoor, is developing rapidly. Seeing India's growing military power, Pakistan and China are bound to sweat. On Thursday, July 3, the Defense Acquisition Council (DAC) headed by Defense Minister Rajnath Singh has approved 10 big defense deals worth about Rs 1.05 lakh crore. The biggest thing is that this entire deal is going to be done under the 'Buy Indian IDDM' category so that defense manufactu ...Read More >
MUMBAI: Defence stocks were trading in positive territory on Friday, a day after the union government approved the purchase of defence equipment worth Rs 1.05 lakh crore. Shares of all major public sector defence companies, including BEL, BEML, Hindustan Aeronautics, and Mazagaon Dock Shipbuilder, rose by up to 4.5 per cent during intraday trading. Mazagaon Dock Shipbuilders shares were up 1.46 per cent at Rs 3, 337.80 on NSE. The shipbuilding company's shares opened at Rs 3, 320.0 and rose to ...Read More >
New Delhi, Jul 3 (PTI) The defence ministry on Thursday cleared capital acquisition of military hardware and platforms worth approximately Rs 1.05 lakh crore. The procurement projects were cleared by the Defence Acquisition Council (DAC) chaired by Defence Minister Rajnath Singh. The DAC accorded approval for procurement of armoured recovery vehicles, electronic warfare system, integrated common inventory management system for the tri-services and surface-to-air missiles, according to an offic ...Read More >
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