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India has a domestic defence industry of which 60% is government owned. The public sector includes NTRO, CSIR, PRL, DRDO and its 50 labs, 4 defence shipyards, 12 defence public sector undertakings (PSUs). India has a new defence procurement, acquisition and manufacturing policy to reduce imports and enhance domestic manufacturing. [5]
The defence PSU was allocated a budget of Rs 577 crore in FY2023, Rs. 580 crore in FY2024 (RE) and Rs 745.45 crore in FY2025, highest among the seven defence PSUs. This is a part of infrastructure modernisation plan and in order to increase the war reserves of the Indian Armed Forces to sustain long-drawn wars.
HAL currently has 11 dedicated Research and development (R&D) centres and 21 manufacturing divisions under 4 production units spread across India. [6] HAL is managed by a board of directors appointed by the President of India through the Ministry of Defence, Government of India. [7] In 2024, the company was given Maharatna status. [8]
BSL's Dabhol yard is one of the largest in India, spread over 300 acres. In 2007, BSL bought the entire equipment and infrastructure, of bankrupt British shipyard Swan Hunter. The infrastructure, including the iconic cranes and the floating dock, was dismantled, transported to India, and installed at BSL's Dabhol yard. [5]
Reliance Naval and Engineering Limited, formerly known as Reliance Defence & Engineering Limited and prior to that as Pipavav Shipyard Limited (PSL) and Pipavav Defence & Offshore Engineering Company Limited [1] is an Indian shipbuilding and heavy industry company headquartered in Mumbai.
Here are some of the best defense industry stocks to buy now. ... with individual analysts’ targets ranging from $434 to $700 per share. 3. General Dynamics Corp. (GD) Price: ...
Advanced Weapons and Equipment India Limited (AWEL) is an Indian defence public sector undertaking, headquartered in Kanpur, India. [1] AWE primarily manufactures small arms and artillery guns for the Indian Armed Forces , foreign militaries, and domestic civilian use.
Bharat Dynamics Limited (BDL) is one of India's manufacturers of ammunitions and missile systems. It was founded in 1970 in Hyderabad, India. [4] BDL has been working in collaboration with DRDO & foreign Original Equipment Manufacturers (OEMs) for manufacture and supply of various missiles and allied equipment to Indian Armed Forces, it began by producing a first generation anti-tank guided ...