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NEW DELHI: In a big step towards bolstering India’s indigenous defence capabilities, Navratna PSU Bharat Electronics Limited (BEL) has acquired 75 hectares of land in the Chitrakoot node of the UP defence industrial corridor to establish a new manufacturing unit for production of next-generation missiles, radar systems and India’s own ‘Iron Dome’.“With an investment of…
Senior officials of the defence ministry and PSU BEL ink the mountain radar deal in New Delhi on Tuesday NEW DELHI: The defence ministry has inked a major capital acquisition contract with PSU Bharat Electronics Limited (BEL) for the procurement of two mountain radars, including associated equipment and infrastructure, for the Indian Air Force, at…
Defence stocks (AI image) Defence stocks today: Contrary to the crash in Nifty50 and BSE Sensex, defence stocks on Monday moved up in trade as rising Middle East tensions brought focus back on them. Shares of defence companies such as Hindustan Aeronautics, Bharat Dynamics, BEL and Paras Defence surged by as much as 13.5% as…
Defence stocks (AI image) By Yellapu SantoshBudget 2026: We expect an inflection in India’s upcoming defence budget cycle, with core message being, capital outlay likely to grow faster than the overall defence budget, and the incremental funding would be channeled toward domestic procurement and modernisation-heavy programmes. The Defence Secretary in a FICCI forum recently highlighted…
CLSA has an outperform rating on Vedanta with the target price at Rs 580. Analysts said that the company’s July-Sept quarter (Q2FY26) earnings before interest, taxes, depreciation and amortisation (EBIDTA) of Rs 11,400 crore was in line with consensus. It guided for higher FY26 EBIDTA, driven by higher commodity prices and operational improvement. Over the…
BENGALURU: Engineering major Larsen & Toubro (L&T) has entered into a strategic partnership with defence PSU Bharat Electronics Limited (BEL) to support the Advanced Medium Combat Aircraft (AMCA) — a fifth generation fighter aircraft — programme for the Indian Air Force.The consortium will respond to the Expression of Interest (EoI) notice issued by the Aeronautical…
