DPSUS CONTRIBUTION TO DEFENCE
BrahMos missile system to see over USD 600 million exports, is benchmark for India's emerging export story: Defence Secretary
Defence secretary Rajesh Kumar Singh hailed the BrahMos cruise missile as India's emerging export story, with exports to cross $600 million. He pointed out the major export destinations of the missile and highlighted the weapon's performance during Operation Sindoor. Defence exports touched an all-time high of Rs 38,424 crore in FY 2025-26, seeing an increase of Rs 14,802 crore (62.66%) over the previous fiscal year's figure of Rs 23,622 crore.
Build surge capacity, become global giants: Rajnath to defence PSUs
Defence Minister Rajnath Singh highlighted global conflicts' impact on supply chains and production needs. He urged state-owned defence firms to become global leaders and focus on exports. Expanding defence production is now a national security imperative, not just economic. The minister reviewed annual performance and stressed timely equipment delivery. India's defence production reached nearly ₹1.8 lakh crore in 2025-26.
Defence stocks fire up! Paras Defence, GRSE, other stocks jump up to 10% as govt notifies 6th indigenisation list
Defence stocks surged up to 10% after the Defence Ministry unveiled its sixth Positive Indigenisation List covering 405 items with Rs 3,070 crore business potential. The move aims to boost domestic manufacturing, innovation and investment while reducing India’s dependence on defence imports.
India’s defence output more than doubles in five years, hits record Rs 1.78 lakh crore
India's defence production has hit a record Rs 1.78 lakh crore in the financial year 2025-26. This marks a significant 15.6 percent jump from the previous year. Indigenous manufacturing and private sector involvement are driving this growth. Defence exports also reached an all-time high, showcasing India's increasing self-reliance in defence.
India’s defence exports hit record Rs 38,424 crore in FY26, up over 62%
India's defence exports have achieved a record Rs 38,424 crore in the financial year 2025-26. This represents a significant 62.66 per cent increase from the previous fiscal. The substantial growth highlights growing global confidence in India's indigenous defence manufacturing capabilities. Both defence public sector undertakings and the private sector contributed to this milestone, showcasing a strong collaborative ecosystem.
Defence exports poised to reach Rs 29,000 crore by April 2026: Rajnath Singh
Defence Minister Rajnath Singh inaugurated Sagar Sankalp in Kolkata. He stressed self-reliance and technological advancement for India's maritime and defence sectors. India aims to become a top shipbuilding nation by 2030 and top five by 2047. Domestic defence production and exports are reaching record highs. The government is fostering a strong domestic industrial ecosystem for future challenges.
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Defence stocks in focus as India’s defence production hits record Rs 1.5 lakh crore in FY25, exports also at new high
Defence stocks may gain attention on Monday after India’s defence production hit a record ₹1.5 lakh crore in FY25, up 18% from last year and 90% since FY20. Defence Minister Rajnath Singh credited the milestone to joint efforts across public and private sectors, highlighting India's growing defence industrial base.
Defence production hits record Rs 1.5 lakh crore, private firms' share up
India's defence production has surpassed ₹1.5 lakh crore, marking a significant milestone fueled by increased private sector participation. The defence minister highlighted an 18% growth in FY 2024-25, showcasing the strengthening of India's defence industrial base. Defence exports also saw a surge, reaching ₹23,622 crore, reflecting a 12% increase over the previous year.
India’s defence production climbs to record Rs 1.5 lakh crore in 2024-25, exports also hit new high
India’s annual defence production has touched Rs 1,50,590 crore in 2024-25, the highest ever, marking an 18% rise from last year and a 90% jump since 2019-20. Defence Minister Rajnath Singh credited Prime Minister Narendra Modi’s leadership and the “collective efforts” of public and private industry. Public sector units made up 77% of output, while the private sector’s share rose to 23%. Defence exports also reached a record Rs 23,622 crore.
Operation Sindoor: Rajnath Singh lauds defence industry's role in making platforms that proved military preparedness
Defence Minister Rajnath Singh praised the defence industry's role in Operation Sindoor. DPSUs presented an interim dividend of Rs 2,138 crore. Hindustan Aeronautics Limited gave the first cheque of Rs 1,197.75 crore. Singh urged DPSUs to enhance production and R&D. He emphasized timely product delivery and increased exports. HAL received Maharatna status and Mazagon Dock Shipbuilders got Navratna status.
Defence exports surge to record Rs 23,622 crore in 2024-25: Rajnath Singh
India's defence exports have reached a record high of Rs 23,622 crore in 2024-25, marking a 12.04% growth from the previous fiscal. Defence Minister Rajnath Singh highlighted the significant achievement and the goal of Rs 50,000 crore in exports by 2029. Notably, the Defence Public Sector Undertakings (DPSUs) posted a 42.85% increase in exports.
India's defence sector poised for significant growth amid global shifts: Report
India's defence sector is set for significant growth, with exports projected to reach Rs 203 billion by FY25 and European orders expected by early FY26. The sector benefits from Europe's manufacturing constraints and rising demand. Domestically, the government plans Rs 1.5 trillion in defence orders, enhancing the sector’s growth prospects amid US military aid reductions to NATO.
ASTRA MK-III: India's most advanced air-to-air missile set to alter balance of power with its unmatched range
India's new Astra MK-III missile, renamed Gandiva, significantly increases its aerial combat capabilities with a range of 340 kilometers, surpassing rivals like China's PL-15 and the U.S. AIM-174. India's defense exports have also surged to a record high of Rs 21,083 crore for the fiscal year 2023-24.
Fall in defence stocks offers an opportunity: Antique Stock Broking
The recent decline in defence stocks offers a significant buying opportunity, as Antique Stock Broking expects increased government spending in the sector in Q4 of FY25. The brokerage recommends 'Buy' on Hindustan Aeronautics, Bharat Electronics, Bharat Dynamics, Mazagon Dock, and PTC Industries, with potential upsides of 5-45%.
India's defence exports touched record Rs 21,083 crore in 2023-24, marks 32.5 pc growth
India's defence exports hit a record Rs 21,083 crore in FY2023-24, a 32.5% increase from last year. The private sector and Defence Public Sector Undertakings (DPSUs) significantly contributed. With indigenous production also at its highest, the Defence Ministry is confident about meeting future export targets.
Defence exhibition 'East Tech 2024' to foster collaboration between Army, manufacturers: Official
The Eastern Command of the Indian Army is hosting 'East Tech 2024,' a two-day weapons and equipment exhibition, starting Tuesday. The event aims to address operational challenges by showcasing cutting-edge technologies and fostering collaboration between the army and India's defense manufacturing sector.
Rajnath Singh to inaugurate DefConnect 4.0 event in Delhi today
Union Defence Minister Rajnath Singh will inaugurate DefConnect 4.0 in Delhi to promote indigenous defence innovation. The event, organized by iDEX-DIO under the Ministry of Defence, will bring together armed forces, defence PSUs, innovators, and policymakers. It features a technology showcase, interactive sessions, and discussions on recent budget announcements and semiconductor initiatives.
India's manufacturing is all set to expand with robust foundations of reforms: Nuvama report
India's manufacturing sector, contributing 17% to GDP, has been positioned as the sixth-largest manufacturing economy. Recent reforms have created investment opportunities across various sectors. Key initiatives in the defence sector, such as the Make in India campaign and Defence Procurement Procedure, aim to modernize armed forces, reduce imports, and boost exports.
India's defence production skyrockets to Rs 1.27 lakh crore in 2023-24, thanks to 'Make in India' success
Defence Minister Rajnath Singh announced that India achieved its highest-ever growth in defence production value for 2023-24, highlighting significant milestones for the Make in India initiative. He reiterated the government's commitment to fostering a favorable environment to establish India as a key global defence manufacturing hub.
Defense sector poised to experience CAGR of 13 per cent from FY23 to FY30: Jefferies
India's domestic defence expenditure is expected to double from FY24E-30E, shaping the sector significantly. Jefferies forecasts a 13% industry CAGR from FY23 to FY30, with an estimated domestic defence opportunity of USD 100-120 billion. The focus on indigenization and export defence opportunities suggests robust growth potential. Leading players like Data Patterns and HAL are poised for significant revenue growth, endorsed with Buy ratings.
Defence Ministry signs contract worth Rs 2,310 cr with Mazagon Dock for training ship
The Indian Defence Ministry has awarded a contract to Mazagon Dock Shipbuilders for the construction of a training ship for the Indian Coast Guard. The ship, equipped with advanced surveillance and monitoring systems, will provide training to 70 Coast Guard officers and international trainees. The majority of equipment and systems will be sourced from indigenous manufacturers, supporting the objectives of 'Aatmanirbhar Bharat' and boosting the country's shipbuilding capabilities.
India can be superpower in defence manufacturing: General Anil Chauhan
He was speaking at the inauguration ceremony of the Micro, Small and Medium Enterprises (MSMEs) Defence Expo 2023, organised by NIBE Defence and Aerospace Ltd in Chakan on Pune city fringes.
Top industry leaders to attend 'Invest for Defence' event
Top executives from big multinational companies including L&Defence, Bharat Forge, Saab, Airbus and Lockheed Martin are likely to take part in the 'Invest for Defence' to be organised as part of the DefExpo 2022, the Ministry of Defence said on Thursday.
View: In defence production, give private sector a chance
Exclusion of private enterprise from defence-production, may have served to protect the DPSUs from competition, but it has also served to curb ingenuity, innovation and initiative in our DIB.
Defence Minister Rajnath Singh reviews COVID-19 relief efforts of armed forces
In responding to the crisis, the Indian Army and the Indian Navy have set up a number of hospitals in various states for the treatment of COVID-19 patients. On its part, the Indian Air Force deployed a significant number of its transport aircraft to bring cryogenic oxygen tanks and other emergency medical supplies from several countries, including Singapore, Thailand and UAE.
Aim is to take economy to $10 trillion by 2030: Rajnath Singh
Singh was speaking at the annual conclave of Delhi-based Society of Indian Defence Manufacturers (SIDM).
BEML, Wipro to work together in aerospace, AI and 3D printing
This is a first of its kind MoU for WIN with a large public sector enterprise in India, a joint statement said.
Huge opportunities for joint ventures in defence manufacturing: Rao Inderjit Singh
"However, the window of opportunity must benefit from big ticket acquisitions and offset opportunities," he said.
Defence public sector shipyards have adequate infrastructure to meet country's needs: Vineet Bakshi, Goa Shipyard
Rear Admiral (Retd) Vineet Bakshi, VSM, chairman and managing director of Goa Shipyard, talks about the yard’s modernization programme and its future in an interaction with ETSL.
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