Page 14 - Defence Firms

Defence stocks on roll: Mazagon Dock, BDL, Cochin Shipyard surge up to 10%

Mazagon Dock Shipbuilders hit a new high of Rs 1,584, as the stock rallied 10 per cent on reports that MoD has cleared the procurement of three additional Scorpene or Kalvari class submarines.

CBI flies FIR against suspended defence firm for duping bank of Rs 30 cr

In March this year, the Ministry of Defence suspended apparel and bulletproof jackets manufacturer Adigear International from doing any business with the armed forces

Indian defence industry showcases capabilities to delegation from Thailand

The Department of Defence Production on Thursday met a delegation from Thailand and exhibited state-of-the-art capabilities of the Indian defence industry. The interaction with the delegation led by Deputy Chief of Air Staff, Royal Thai Air Force (RTAF), Air Marshal Piboon Vorravanpreecha was focused on strengthening the defence ties, a statement by the Ministry of Defence said. "The Indian defence industries presented their state-of-the-art capabilities to the Thai delegation, marking a significant milestone in strengthening the defence cooperation between the two nations. The event was aimed at deepening mutual understanding, exploring potential partnerships, and contributing to the regional security," it said. During the event, both sides expressed their commitment to forging strong defence ties and exploring avenues for joint research, technology transfer, and strategic partnerships. The presentations and discussions would pave the way for future cooperation in areas of mutual

An ode to start-ups in defence

Policy initiatives like Idex have put the defence industry on the path to self-reliance. It is time now to expand and build upon this success to achieve the broader objective of Make in India

Indian army receives its first Mahindra Armado; all you need to know

Given its design and build, it can operate effectively in tough terrains like open fields or even in deserts

We can work on hypersonic missiles too: Former BrahMos Aerospace chief

The grand Silver Jubilee Year celebration by India-Russia JV entity BrahMos Aerospace culminated on a high note on Monday in the presence of the company's CEO and MD Padma Bhushan Dr A.S. Pillai

India, US firm up ambitious roadmap for defence industrial cooperation

India and the US on Monday firmed up an ambitious roadmap for defence industrial cooperation to accord high priority to various projects for the co-development of military platforms and hardware, a move that comes against the backdrop of the Ukraine conflict and China's increasing muscle-flexing in the Indo-Pacific region. The roadmap was finalised during talks between Defence Minister Rajnath Singh and his American counterpart Lloyd Austin, two weeks ahead of Prime Minister Narendra Modi's state visit to Washington. At a media briefing, Austin said the US-India partnership is a "cornerstone" for a free and open Indo-Pacific and the deepening ties showed how technological innovation and growing military cooperation between the two "great powers" can be a force for global good. The US defence secretary said the US-India cooperation matters "because we all face a rapidly changing world. We see bullying and coercion from the People's Republic of China and Russian aggression against ..

Govt nods to 45 companies/JVs operating in defence sector with foreign OEMs

The government has given approval to "45 companies/joint ventures" operating in the defence sector with foreign OEMs (original equipment manufacturers), the Parliament was informed on Friday. Minister of State for Defence Ajay Bhatt said this in written response to a query in the Lok Sabha. "The government has given approval to 45 companies/JVs operating in defence sector with foreign OEMs," he said responding to a query on the number of foreign companies who have shown interest in manufacturing defence equipment under foreign direct investment in the country. Further, the government has taken several policy initiatives in the past few years and brought reforms to encourage indigenous design, development and manufacture of defence equipment in the country, thereby reducing dependency on imports in coming years, he said. "These initiatives, inter alia, include according priority to procurement of capital items from domestic sources under Defence Acquisition Procedure (DAP)-2020; .

Hindustan Aeronautics tumbles 6% on pricing OFS at discount

The government will be offloading 3.5 per cent stake in HAL through an Offer for Sale at Rs 2,450 per share from March 23 - 24, 2023.

Defence start-up Hyper Stealth Technologies bags first order under iDEX

Hyderabad-based HSTPL has got an order from Indian Army for Integrated Mobile Camouflage System

Adani's investor Elara also a co-owner with conglomerate in ADTPL: Report

Elara holds a 1.6 per cent stake in Adani Enterprises, 3.62 per cent in Adani Transmission and 1.62 per cent in Adani Total

HAL, L&T gain up to 3% as government inks contracts worth Rs 9,900 crore

Hindustan Aeronautics received an order for 70 HTT-40 trainer aircraft worth over Rs 6,800 crore, while L&T bagged a contract worth Rs 3,100 crore for supply of three cadet training ships.

World Civil Defence day 2023 celebrated today: Theme, History, Importance

World Civil Defence Day is observed to promote the value of being prepared for emergencies and to increase public awareness of civil defence and emergency management

Talks to produce LCA engines indigenously underway: DRDO chairman

The DRDO chief's remark comes on the heels of Defence Minister Rajnath Singh's statement that India will soon produce indigenous Light Combat Aircraft (LCA) engines

Launch of 'Innovation Bridge' to connect US, Indian defence startups

The two sides discussed opportunities for greater cooperation in critical and emerging technologies, co-development and coproduction, and ways to deepen connectivity across our innovation ecosystems

Aero show: Rajnath Singh rolls out red carpet to defence attaches

Says 'Make in India neither isolationist nor meant for us alone'

Defence procurement, pipeline offer strong growth for Bharat Dynamics

Margins for state-owned firm that specialises in missiles would be range bound given higher raw material costs

Kalyani Rafael Advanced Systems rolls out 100th surface-to-air missile kit

KRAS is a joint venture set up by Israeli company, Rafael, in partnership with Kalyani Strategic Systems

Ministry asks defence manufacturers to make policies on ex-Agniveers' quota

Defence Secretary Giridhar Aramane urged Indian defence manufacturers to act on their commitment and make policy announcements for ex-Agniveers at the earliest

Third, and the biggest, edition of coastal defence exercise from today

"Coastal security being a major sub-set of coastal defence, the concept of 'Exercise Sea Vigil' is to activate the coastal security apparatus across India," stated the Ministry of Defence