Tata Motors on Thursday said it has completed the transfer of its defence business with effect from April 1 to Tata Advanced Systems Ltd (TASL) for an upfront consideration of Rs 227.7 crore.
The over Rs 47,000 cr light combat aircraft order has boosted growth prospects, while valuation remains reasonable
The government said it would buy 83 fighter aircraft from the company for over $6 billion in the biggest defence deal for a homegrown company
The Enhanced Pinaka has demonstrated twice that range and an ability to strike within 10 metres of where it is aimed
Defence ministry sets target of 70 per cent self-reliance in weaponry by 2027
While Hunter Douglas India installed the metal ceiling at the aircraft's service hanger, Siddhartha Logistics Pvt Ltd holds the inventories of individual parts at its modern warehouse
Once the stocks conquer 200-WMA, the upside potential is huge.
Experts said the government has timed the HAL share sale well. The stock has more than doubled from its March lows amid strong buying momentum in defence stocks.
Most defence-related stocks gained ground on Monday post the development with Bharat Dynamics up nearly 8 per cent at Rs 452 on the BSE
Chief executive officers (CEOs) of defence companies said if the plan is implemented well, this will help India become a net exporter
Hindustan Aeronautics, BEML, Bharat Dynamics and Bharat Electronics among the state-owned companies shares have rallied by up to 10% on the BSE in early morning trade.
State had signed MoUs worth Rs 50,000 crore at DefExpo 2020
The ministry of defence has set a goal of $26 billion, including export of $7 billion for the industry by 2025-26 through its Defence Production Policy 2018
In the 'Make in India' programme, the role of DRDO is to support industry with technologies that are, as far as possible, developed within the country, says DRDO chief G S Reddy
It has been learnt that the two types of gun systems - both designed and developed by Kalyani Group - are being sent later this year to Saudi Arabia for trial evaluation
PM trots out defence production sector reforms since 2014, which are aimed at making India a global 'defence manufacturing hub'
Commercial production expected to start in March 2020
Industrial security pact represents historic progression between India, US: Lockheed VP Vivek Lall
The tactical solutions, which can withstand sub-zero temperatures, can also be deployed for a variety of functions, including in high altitude terrains and emergency rapid response
The 9th Beijing Xiangshan Forum (BXF) was held jointly by the China Association for Military Science (CAMS) and China Institute for International Strategic Studies (CIISS) last week