The Latest Breaking News from the Defence Acquisition Council

From Sukhoi-30 to mine-laying systems: How India plans to counter twin China-Pakistan challenge with Rs 1.1 lakh crore upgrade list

The Defence Acquisition Council has cleared proposals worth Rs 1.1 lakh crore to strengthen India's armed forces, taking approvals this year to Rs 1.6 lakh crore and those since 2025 to Rs 13 lakh crore. The package includes CBRN reconnaissance vehicles, Arudhra radars, a ground-based jammer, marine gas turbines, trawl…

The Economic Times · Sep 8

HAL, Astra Microwave, other defence stocks rally up to 4% after DAC clears Rs 1.10L cr proposals; Motilal picks 3 stocks to buy

Defence stocks: The Defence Acquisition Council approved defence procurement proposals worth around Rs 1.10 lakh crore, with nearly 98% of purchases to be sourced from Indian companies. The move is likely to keep defence stocks such as HAL, BEL, Paras Defence, BEML and Astra Microwave in focus. The approvals cover…

The Economic Times · Sep 8

India clears ₹1.10 lakh crore defence acquisitions for Army, Navy and Air Force

The Defence Acquisition Council approved acquisition proposals valued at approximately Rs 1.10 lakh crore. About ninety-eight percent of these procurements will be sourced from Indian industry. The Indian Army will receive Chemical Biological Radiological and Nuclear Recce Vehicles and High Mobility Vehicles. The Indian Navy will procure Arudhra Radars and…

The Economic Times · Sep 7

Ahead of PM Modi’s Paris visit, several deals on agenda, DAC expected to meet in next few days

Ahead of Prime Minister Narendra Modi’s visit to Paris on July 13, the Defence Acquisition Council (DAC) is expected to hold a crucial meet later where it is expected to take a call on the procurement of 26 Rafale-M fighter jets for the Navy’s aircraft carriers, and a proposal to procure…

The Hindu · Jul 10, 2023