GRSE, BEML, BDL gain up to 6% as DAC clears Rs 21,772 cr defence proposals

Quick Summary:

The Defence Acquisition Council (DAC) accorded Acceptance of Necessity for five capital acquisition proposals worth over Rs 21,772 crore.

By 2025, the Ministry of Defence is poised to receive a turnover of Rs 1.75 trillion in the aerospace and Defence manufacturing sector.

Approvals include the procurement of 31 Water Jet Fast Attack Crafts, 120 Fast Interceptor Craft, Electronic Warfare Suite, Next Generation Radar Warning Receiver and 6 Advanced Light Helicopters.

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Category: BusinessFinance

Markets: IndiaMali

Topics: Electronic Warfare Suite BDL Mishra Dhatu Nigam GRSE Acceptance of Necessity Bharat Dynamics MIDHANI Markets Hindustan Aeronautics Data Patterns (India) HAL Next Generation Radar Warning Receiver Bharat Electronics Defence Acquisition Council Advanced Light Helicopters BEL Defence Paras Defence and Space Technologies Water Jet Fast Attack Crafts Fast Interceptor Craft Sukhoi fighter aircraft BEML

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-04 @ 10:04:32 (23 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 742 words

Reading Time: 5 minutes read

Sentences: 28 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24112116

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