BEL-Avantel ₹17.55 Cr Defence Contract Fuels Aatmanirbhar Bharat
India’s defence electronics ecosystem depends on a mix of large PSUs (like BEL), private vendors, and specialised smaller manufacturers.
India’s defence electronics ecosystem depends on a mix of large PSUs (like BEL), private vendors, and specialised smaller manufacturers.
India’s defence index slid 2.5% after the Tejas crash in Dubai and fresh Russia-Ukraine peace talk signals. Stocks like Mishra Dhatu Nigam and BEML led the losses as investor fear grew
The stock initially sank 8.48% to Rs 4,205.25 on the BSE. However, it later recovered some losses, trading at Rs 4,433, which is still down by 3.53% compared to the previous close.
The company plans to utilize this capital to advance its reusable launch vehicle technology, enhancing its ability to place small satellites into low Earth orbit.
The team tested it for performance, and the engine passed those tests. Now the team has started the next step, which is called durability testing. This part checks how strong the engine is when it works for a long time in hard places.
Candour Techtex shares moved up 4% after the company won a trial order from DRDO and a Rs 1 crore project from Reliance Industries.
The licencing agreement for transfer of technology (LAToT) was received from DRDO’s DMRL Director Dr R. Balamuralikrishnan in Hyderabad in the presence of senior defence officials.
The agreement between HAL and HENSOLDT from Taufkirchen gives India full design rights and manufacturing rights. It also allows local production, full integration on Indian helicopters and long-term support done inside India.
The contract also includes a comprehensive integrated logistics support package for initial deployment, maintenance, and life-cycle sustainment, L&T said in a filing to BSE.
Solar Industries’ export order in the defence sector worth ₹2,039 crore (or maybe ₹2,150 crore) is an important milestone.