From ₹2,242 to ₹4,108: HAL share doubles in a year on back to back order wins
The share price surged 4% intraday after the government approved a plan to acquire 12 additional Sukhoi Su-30MKI fighters to be built at HAL’s Nashik factory.
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Bharat Electronics shares jump 7% on winning orders worth ₹3,000 cr
The defence electronics company has received an order of ₹2,118.57 crore from Cochin Shipyard for the supply of various equipment to the Indian Navy.
Defence ministry top procurer on GeM at ₹18,790.60 cr in FY24 so far
The ministry has so far contributed ₹72,225.30 crore in the gross merchandise value (GMV) of GeM.
Hindustan Shipyard signs ₹19,000 cr contract with defence ministry
HSL to supply five fleet support ships to the Indian Navy which will be employed for replenishing ships at sea with fuel, water, ammunition and stores.
BEL, Astra Microwave shares hit 52-week highs; here’s why
Shares of BEL gained 2.9% to hit a fresh 52-week high of ₹138.20 on the BSE, while Astra Microwave Products rallied 7.7% to touch a 52-week high of ₹398.60.
Bharat Electronics bags 10 contracts worth ₹5,498 cr from defence ministry
Of the total 10 contracts, two are air force projects, two are army projects and six are navy projects.
Budget 2023: Defence capital outlay enhanced
The government has proposed a budgetary allocation of ₹5.94 lakh crore for the defence ministry.
April-Nov Capex utilisation up 63%; guess who leads charge
The Centre has been able to achieve the mega spending on the back of both highways and railways ministry, utilising over 80% of their allocation for the fiscal by Nov itself.
Why defence stocks HAL, BEL, Bharat Dynamics rallied today?
Hindustan Aeronautics and Bharat Electronics hit their record highs on the BSE; Bharat Dynamics surges over 6% in intraday trade
