Defence
- Govt seals contract with Goa Shipyard Limited for 8 patrol vessels
"These eight high-speed vessels will be based along the coast of India with the capability to operate in shallow waters and enhance the security apparatus along the vast coastline," the ministry said.
- Leonardo to sell satellite business GES to SES for $450 mln
GES is the largest provider of commercial satellite communications to the U.S. government and also supplies satellite communications and security solutions to customers across the world, Leonardo said.
- Reliance Naval lenders vote for Hazel Mercantile-Swan Energy plan
Although Hazel Mercantile’s offer has received the required number of votes, Bhattacharya and the lenders have received several letters questioning the eligibility of the joint plan by Hazel Mercantile and Swan Energy under Section 29(A) of the IBC, which prohibit defaulting promoters or their related parties from submitting a resolution plan for a company under insolvency proceedings.
- 18 military platforms to be designed and developed by domestic defence industry: Govt
- Sectoral panel pitches for $150 billion local defence production by 2047
Defence manufacturing, pharmaceuticals and biotechnology, semiconductors, capital goods, and machine tools are among the top categories identified by the SGOS for a major ramp-up over the next 25 years.
- MoD signs Rs 1,075 crore contract with BEL for retro-modification of commander sight in battle tanks
Based on the requirement projected by the Indian Army, the Defence Research Development Organisation (DRDO) and BEL have jointly designed and developed an advanced mid wave thermal image (MWIR)-based sight as a replacement for the existing IC-based sight, it noted.
- BHEL bags order to supply compact heat exchanger sets for Tejas aircraft
The BHEL's Heavy Plates and Vessels Plant (HPVP), Visakhapatnam is the sole supplier of heat exchangers for LCA Tejas to HAL since 1996.
- Armed forces spent 64% FY22 funds on India-made equipment