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Defence & Aerospace

Looking at Rs.1,000 crore defence revenue in 3 years. Leading auto component engineering company Bharat Forge expects its revenue from defence business to exceed Rs.1,000 crore in three years helped by potential orders from the Indian Army in the area of artillery guns and other equipment. Pune-headquartered company has set a target to become the […]

Swedish defence manufacturer Saab Group has said that it is ready to start making its very-short-range air-defence (VSHORAD) system in India, provided the customer, the Government of India, issue its supply order. The company is in touch with around 110 companies in India for local supplies of the product and working on testing with many […]

India has called off an order to buy Spike anti-tank guided missiles from Israel’s state-owned defence contractor Rafael, the company said on Wednesday. The deal was worth about $500 million and the announcement of its termination came a couple of weeks before Israeli Prime Minister Benjamin Netanyahu is due to visit India.An Indian Defence Ministry […]

BDL, A public sector company, will set up a 5-M.W. solar photovoltaic power project at it Bhanur missile production unit in Telangana. Union Minister for Defence and Finance, Arun Jaitley, had formally launched the Rs. 29-crore plant on Sunday. It will have a payback period of 4.3 years on the capital cost. BDL, the country’s […]

Hyderabad unit to supply anti-tank guided missiles to Army India’s first private sector missile sub-systems manufacturing facility, a joint venture between the $2.5 billion Kalyani Group and Israel’s Rafael Advanced Defence Systems Ltd., was inaugurated near Hyderabad on Thursday.To begin with, the Kalyani Rafael Advanced Systems (KRAS) plant will make anti-tank guided missile (ATGM) Spike […]

In less than 10 months of commencing work, Kalyani Rafael Advanced Systems (KRAS), a joint venture between Kalyani Strategic Systems Ltd and Rafael Advanced Defense Systems Ltd. of Israel, has inaugurated a facility to manufacture missile systems. Located about 40 km from here and close to the new international airport, the project will manufacture anti-tank […]

Telecom solutions provider Himachal Futuristic Communications Ltd is all set to enter defence equipment manufacturing business as part of its ‘Make in India’ initiative. The Delhi-based company has already obtained industrial licences to manufacture a wide range of products for the defence sector such as electronic fuses, electro optical devices, communication equipment, including the permits […]

Tata Motors, Bharat Forge and General Dynamics have forged an alliance to bid for the $11 billion (Rs 78,000 crore) project of making combat infantry vehicles for the Indian Army under the Future Infantry Combat Vehicle (FICV) Programme. Responding to a query, Tata Motors said: “We confirm partnering with Bharat Forge for local manufacturing of […]