Cochin Shipyard shares jump 5% after bagging Rs 1,000 crore defence contract

Dec 02, 2024, at 08:16 pm

Mumbai/IBNS: Cochin Shipyard's shares continued their upward trajectory on Monday (Dec. 2), rising for the seventh consecutive session.

GRSE is building 17 warships for Indian Navy, says MD at keel laying of Next Generation patrol vessels

Nov 05, 2024, at 10:53 pm

Kolkata/IBNS: Defence PSU Garden Reach Shipbuilders and Engineers Ltd. (GRSE), which formally stepped into the realm of constructing ‘Next Generation’ combat vessels on Tuesday by laying the keels of two NGOPVs (Next Generation Offshore Patrol Vessels), said they are manufacturing at least 17 warships for the Indian Navy besides one for Bangladesh.

DAC greenlights 10 capital acquisition proposals valued at Rs 1.45 lakh crore to boost Indian defence

Sep 04, 2024, at 06:32 am

New Delhi: The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, on Tuesday, granted Acceptance of Necessity (AoN) for 10 capital acquisition proposals worth Rs 1,44,716 crore.

Govt set to approve mega defence projects worth Rs 1.3 lakh cr for Army, Navy

Sep 03, 2024, at 11:02 pm

New Delhi: The government is set to approve several major defence projects, including the construction of seven advanced frigates for the Indian Navy and the Indian Army's plan to acquire 1,700 new tanks to replace its aging fleet of Russian-origin T-72 tanks, media reports said.

Defence Ministry inks five capital acquisition deals worth Rs 39,125 cr to boost indigenous capabilities

Mar 02, 2024, at 03:29 am

New Delhi: The Ministry of Defence inked five significant capital acquisition deals worth Rs 39,125.39 crore on Friday in New Delhi to boost the government’s Make-in-India initiative and indigenous capabilities in defence.

Defence Ministry inks Rs 19,000 crore contract with HSL for five Fleet Support Ships for Indian Navy

Aug 26, 2023, at 07:23 am

New Delhi: The Ministry of Defence on Friday signed a contract with Hindustan Shipyard Limited (HSL), Visakhapatnam for the acquisition of five Fleet Support Ships (FSS) for the Indian Navy at an approx. overall cost of Rs 19,000 crore.

45 defence sector companies/JVs operating with foreign OEMs have govt approval

Mar 25, 2023, at 03:14 am

New Delhi/IBNS: The government has given approval to 45 companies/JVs operating in the defence sector with foreign OEMs.