The DRDO is enhancing India’s defence technology by partnering with private companies and establishing 15 Centres of Excellence, as part of the ‘Make in India’ plan.
Apollo Micro Systems, a leading defence company, has announced plans to raise ₹50 crores through private placements of debentures issued by its subsidiary.
The Nifty Defence index has seen a significant rise, with the stock of defence and shipbuilding companies bouncing back after a recent market correction, bolstered by a rally in India’s stock market.
Indian defence stocks surged due to global events, with shares of HAL and Paras Defence & Space Technologies rising. Germany’s increased defence spending also contributed to the rise.
BEL has secured a Rs 2,463 crore contract from the Ministry of Defence for the supply of advanced Ashwini Radars to the Indian Air Force (IAF).
Astra Microwave Products, an Indian company, is set to increase its revenue by 25% to ₹1,200 to ₹1,300 crore in 2021, driven by increased defense spending and strong orders from existing customers.
The European Union’s “Re-arm Europe” plan could benefit industries like Solar Industries, PTC Industries, Dynamatic Technologies, and Azad Engineering, with supply deals and orders from European firms expected to yield significant benefits.
Jefferies maintains a “buy” recommendation for BEL, setting a target price of Rs 325 per share. BEL recently received an order worth Rs 5.8 billion, and needs to secure another Rs 113 billion by March-April.
China and India have developed a hypersonic missile, the BM-04, which is one of the world’s fastest and most advanced.
DRDO successfully tested an oxygen system on the LCA Tejas aircraft, demonstrating its potential for high-altitude flights and reducing the need for traditional oxygen cylinders.
