Page 18 - Defence Sector

MTAR Tech tanks 12% as company cuts FY24 revenue, Ebitda guidance

The company cut guidance due to deferment of shipment plans against the confirmed orders from Clean Energy

75% defence capital acquisition budget reserved for local cos: Minister

The government has reserved 75 per cent of the defence capital acquisition budget, which amounts to approximately Rs one lakh crore, for purchases from local companies, Defence Minister Rajnath Singh said on Thursday. The move is to ensure adequate demand assurance for the domestic industries, he said at the 'India Manufacturing Show-2023' here, as he listed the steps taken for MSMEs in the defence sector. We are the first government which imposed restrictions on itself for the import of weapons. We released five positive indigenisation lists, under which 509 equipment have been identified, the manufacturing of which will now take place in India," Singh said. In addition, the Minister said four positive indigenisation lists for Defence Public Sector Undertakings (DPSUs) were also promulgated, under which 4,666 items were identified, that will be manufactured within the country. "These steps will strengthen our MSMEs and make them Aatmanirbhar', he said. Singh also referred to the

Zen Technologies secures Rs 100 cr order from MoD for tank training system

Zen Technologies had won an order for anti-drone systems worth Rs 227.65 crore and orders worth Rs 202 crore from the defence ministry earlier this year

India's stature grown on international stage: Rajnath interacts with Army

India's stature has grown on the international stage and a strong and brave military is one of the main reasons behind it, Defence Minister Rajnath Singh said on Monday. In an address to soldiers at the headquarters of Army's 4 Corps in Tezpur, Assam, Singh commended the armed forces for relentlessly ensuring safety and security of the nation. "The nation will be forever indebted to the brave soldiers," he said. The defence minister reached Tezpur ahead of his visit to Arunachal Pradesh on Tuesday. He will celebrate Dussehra with Army troops in Tawang and perform Shastra Puja on Tuesday. After his arrival at the 4 Corps, Singh interacted with the troops during a 'Barakhana'. In his remarks, Singh highlighted that the valour and commitment of Indian soldiers is recognised all over the world. He added that India's stature has grown on the international stage under the leadership of Prime Minister Narendra Modi and a strong and brave military is one of the main reasons behind that

Defence PSU making headway in developing indigenous top-end military gear

Troop Comforts Ltd (TCL), a defence PSU, has received a request for proposal (RFP) for a number of its indigenously developed military gear while several of its products are in the field trial stage. Among the products being developed by the company are boots and crampons, ice pitons, hammer pitons, sleeping bags and multi-purpose bags, besides clothing items. The RFPs have been received from the Northern Command of the Indian Army, while field trials are going under the Eastern Command, its officials said. TCL was carved out of the erstwhile Ordnance Factory Board and commenced functioning under its present format in October 2021. We are working on indigenously developing specialised gear needed for our personnel posted in difficult terrain, from mountainous regions to extremely cold conditions, Ranveer Singh, junior works manager, told PTI. We had been importing most of these gear entirely or at least major components of them. Now, we are working on developing the products with

Top IAF commanders to hold 2-day conclave on boosting India's air power

Top commanders of the Indian Air Force will hold extensive deliberations on national security challenges and ways to enhance India's overall air power at a two-day conference next week. The commanders are expected to also carry out a comprehensive review of the security situation along the border with China and Pakistan during the deliberations, sources said on Friday. The IAF Commanders' conference will take place in Delhi on October 26 and 27, they said. Defence Minister Rajnath Singh and Chief of Defence Staff Gen Anil Chauhan are among those who will address the commanders. The commanders will hold wide-ranging deliberations on the IAF's plans for the future with an aim to bolster its combat capabilities, the sources said. They are especially expected to hold extensive deliberations on use of new technologies.

IAF carries out successful firing of air-launched BrahMos cruise missile

The BrahMos air-launched version missile was testfired from a Su-30MKI fighter jet which has the capability to launch the BrahMos cruise missiles that can hit enemy targets at long ranges

This defence-related stock soared 14.5% in weak market, hit record high

From its March 2023 lows, shares of Astra Microwave Products has more-than-doubled by surging 106 per cent on the bourses

Lockheed revenue up on sustained weapons demand amid geopolitical tensions

The ongoing war in Ukraine has prompted restocking arms and ammunition such as shoulder-fired missiles, artillery and other weaponry, providing U.S. defense companies with lucrative Pentagon contracts

Army to acquire eight landing attack craft for operations in creek areas

The Army wants the crafts to be able to come in and out of water bodies without using a jetty. It is also moving ahead with a plan to buy six fast patrol boats

Govt seals Rs 313 crore deal for mid-life upgrade of frigate INS Beas

The defence ministry on Monday signed a Rs 313 crore contract with the Cochin Shipyard Limited (CSL) for mid-life "upgrade and re-powering" of frontline frigate INS Beas. The ministry said the "transformative maiden re-powering" project marks a significant stride in the maintenance philosophy of the Indian Navy and repair capabilities of CSL. "The ministry of defence signed a contract on October 16 in New Delhi for mid-life upgrade and re-powering of INS Beas with Kochi-based M/S Cochin Shipyard Limited at an overall cost of Rs 313.42 crore," it said. INS Beas is the first of Brahmaputra class frigates to be re-powered from steam to diesel propulsion. "After completion of the mid-life upgrade and re-powering in 2026, INS Beas will join the active fleet of the Indian Navy with a modernised weapon suite and upgraded combat capability," the ministry said in a statement. "The transformative maiden re-powering project marks a significant stride in the maintenance philosophy of the Indi

5th Indo-French dialogue: Proposals for collaboration in space and cyber

Earlier on Wednesday, Rajnath Singh visited the Safran Engine Division's R&D Centre at Gennevilliers near Paris, to see the latest developments in aero-engine technology

Rajnath Singh meets CEOs of top French defence companies in Paris

Union Defence Minister Rajnath Singh on Wednesday met with the CEOs of the top French defence companies with a focus on their plans for collaboration with India in France.During the interaction Eric Trappier, CEO of Dassault; Pierre Eric Pommellet, CEO of Naval Group; Guillaume Faury, CEO of Airbus; and Olivier Andries, CEO of Safran Group were present.Union Minister visited the Safran Engine Division's R & D Centre at Gennevilliers near Paris, France during the second and final leg of his two-nation tour.During his visit to the Centre, he witnessed the latest developments in aero-engine technology.Olivier Andries, Global CEO Safran welcomed Rajnath Singh to the facility and, along with his team, gave a detailed briefing to him. Safran expressed interest in being a part of the Indian growth story by working with its counterparts on mutually agreed joint projects.Singh highlighted the advantages of co-development and co-production in India, including the possibility of exports to ..

Rajnath signs agreement on Defence Corporation with his Italian counterpart

"We discussed a host of issues pertaining to defence cooperation which included training, information sharing and maritime security," he said

Nepal, India discuss furthering cooperation in defence supplies, security

Nepal and India have discussed a wide range of issues relating to mutual security, defence supplies, training and capacity building as part of the efforts to step by bilateral cooperation. The two sides held the 15th Meeting of the India-Nepal Bilateral Consultative Group on Security Issues (BCGSI) in Pokhara, Nepal, on October 5 covering a wide range of issues relating to mutual security, defence supplies, training and capacity building and joint military exercises. The two sides also discussed exchanges of visits, joint expeditions and adventure activities and cooperation in disaster management and information sharing, according to a press statement issued by the Indian Embassy here on Saturday. During the bilateral meeting, the Indian delegation was led by Anurag Srivastava, Joint Secretary (North), Ministry of External Affairs, India, and the Nepali delegation was led by Bhrigu Dhungana, Joint Secretary, Ministry of Foreign Affairs. The delegations comprised officials from ...

Army moves proposal to Defence Ministry to buy howitzers from Indian cos

Indian Army's Regiment of Artillery is looking to use the expertise of Indian Industry to produce 155 mm/52 calibre Towed Gun System

CDIL 1st Indian firm to make silicon carbide chips, starts unit in Mohali

CDIL Semiconductors has also partnered with the government's Semi-Conductor Laboratory (SCL) in Mohali

Defense shares in focus; Cochin Shipyard, Garden Reach, MTAR gain up to 14%

Ratings agency Icra expects business opportunities worth Rs 2.75 trillion to open up for Indian defence entities during FY24 and FY25

First C-295 aircraft inducted into IAF, boosting its logistics capabilities

The first C-295 medium tactical transport aircraft was inducted into the Indian Air Force on Monday, boosting its logistics capabilities. The induction ceremony took place at the Hindan Air Force Station here in the presence of Defence Minister Rajnath Singh. IAF chief Air Chief Marshal V R Chaudhari along with senior officials of the IAF as well as of Airbus attended the induction ceremony. Singh later took part in a 'Sarva Dharma Pooja' that was performed in the hangar to mark the induction.

Digital forensics: India's opportunity

Now is the time for digital forensics to rise from obscurity and claim its place of prominence in the digital domain