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Defence & Aerospace

Government-run Bharat Earthmovers Ltd today signed a memorandum of understanding with the construction company Larsen and Toubro to capitalise on the opportunities in domestic and export markets for defence products and systems. In a press release, BEML said the MoU was aimed at leveraging ‘Make in India’ initiative for increased value- addition within the country […]

Defence ministry today approved military purchases worth over Rs.5,500 crore, including 12 high power radars for the Indian Air Force. Decision was taken at a meeting of the Defence Acquisition Council (DAC) chaired by Defence Minister Nirmala Sitharaman.DAC, defence ministry’s highest decision-making body on procurement, met here today and accorded approval for the procurement of […]

BEML’s Defence segment accounted for around 17% of the company’s overall revenue of Rs 33 billion in the financial year ended March 2018. Public sector engineering major, Bharat Earth Movers Limited (BEML) is betting big on the defence vertical with a plan to double its revenues from this segment in the current financial year.Defence segment […]

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 […]

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