Dassault Aviation shares went up again after India denied losing any Rafale jets during Operation Sindoor. Officials confirmed only one jet was lost due to technical issues, not enemy action.
Defence stocks like HAL, BEL, and Bharat Dynamics gained after news broke about a new 10-year defence deal between India and the US which is boosting hopes for more joint projects and equipment supply to India.
DRDO’s successful tests of SDR and CTCS show big progress in secure, made-in-India military communication. These systems will help soldiers stay connected in tough areas where normal networks don’t work.
Addressing a press conference, Saraswat, who was in the steel city to participate in the fifth platinum jubilee lecture of CSIR-National Metallurgical Laboratory here, said India used to import 70 per cent of its defence requirements.
Reliance Defence has partnered with US-based Coastal Mechanics to enter India’s ₹20,000-crore defence repair and upgrade market, aiming to support fighter jets, helicopters, and other military equipment
Reliance Defence got a big ₹600 crore export order from Germany’s Rheinmetall. This deal is for supplying explosives and shows Reliance’s growing role in India’s private defence industry.
Mahindra & Mahindra is restructuring its defence businesses by shifting stakes among its own subsidiaries. The move brings MEVA, MTISL, and MDSL under Mahindra Advanced Technologies in a internal realignment
HG Infra Engineering became the lowest bidder for a ₹118 crore naval dockyard project in Mumbai which is big step as the company moves further into defence infrastructure development.
Solar Industries’ defence unit signed a Rs 158 crore contract with the Ministry of Defence. The deal is for supplying defence products and will be completed within one year.
ISRO has given HAL the technology to build and launch SSLV rockets in a ₹511 crore deal. This move will help boost India’s small satellite launch market in the future.
