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Time of India
04-07-2025
- Business
- Time of India
Warships, missiles and spy planes: Here's what Rs 1 lakh crore is buying for Indian armed forces
The Defence Ministry has approved a major military upgrade. It involves projects worth over ₹1 lakh crore. The projects include warships, missile systems, and surveillance aircraft. The Indian Navy will get mine countermeasure vessels. The Army and Air Force will receive quick-reaction missile systems. The Air Force will also get intelligence and surveillance aircraft. Tired of too many ads? Remove Ads Warship project gets biggest share Quick-reaction air defence for Army and Air Force Tired of too many ads? Remove Ads Precision surveillance aircraft for Air Force New underwater and naval systems approved Other systems and integrated inventory upgrades In a major push towards military modernisation, the Ministry of Defence has approved the first step of procurement for ten major projects worth over ₹1 lakh crore. The preliminary approvals, known as Acceptance of Necessity (AoN), cover a range of equipment including warships, missile systems, and surveillance aircraft. These projects are part of efforts to strengthen India's defence preparedness across land, air, and largest of the approved projects is for the indigenous construction of 12 Mine Countermeasure Vessels (MCMVs), estimated to cost ₹44,000 crore. According to official sources quoted by TOI, the vessels will take around ten years to build. Each ship, weighing around 900 to 1,000 tonnes, will be equipped to detect and neutralise underwater mines that may threaten shipping lanes and the Indian Navy does not have dedicated minesweeping ships and uses limited clip-on systems on existing vessels. This new project aims to fill that gap, especially as maritime activity increases in the Indian Ocean Region, including joint naval activities by China and Defence Ministry has also approved a ₹36,000 crore procurement of Quick Reaction Surface-to-Air Missile (QRSAM) systems. These DRDO-developed systems will be deployed in three regiments for the Army and three squadrons for the Air missiles are capable of intercepting enemy aircraft, drones, and helicopters within a 30-kilometre range. According to defence sources, the Army Air Defence (AAD) requires 11 QRSAM regiments in total. These systems are expected to enhance India's air defence network, which played a role in Operation Sindoor against drones and missiles used during hostilities from May 7 to May approval covers the purchase of three ISTAR (intelligence, surveillance, target acquisition and reconnaissance) aircraft, with a budget of ₹10,000 crore. These aircraft will support high-precision targeting by detecting enemy positions and assets on the platforms will carry DRDO-developed sensors, including synthetic aperture radars and optical imaging systems. These systems will give the Indian Air Force real-time intelligence and greater awareness of enemy movements and Ministry has also cleared a proposal to procure semi-submersible autonomous vessels for surveillance. These ISR (intelligence, surveillance and reconnaissance) platforms will be developed under the Make-II category, which means they will be built by industry with no upfront government more naval approvals include super rapid gun mounts (SRGMs)—the 76mm main guns used on surface ships—and DRDO-designed moored naval mines that can be triggered by sound, magnetic, or pressure signals when enemy ships pass close clearances include the procurement of armoured recovery vehicles and electronic warfare systems aimed at increasing operational support and battlefield endurance. A tri-Service integrated inventory management system has also been approved to improve coordination and logistics among the Army, Navy, and Air specific dates have been announced for when these projects will be finalised. As per the Defence Acquisition Procedure (DAP), each AoN must go through multiple steps including technical assessment, financial approvals, and vendor selection.(With inputs from TOI)
India.com
04-07-2025
- Business
- India.com
Massive defence push after Operation Sindoor, Centre clears 10 major arsenal purchases worth Rs 1.05 lakh crore, BIG win for Indian Navy, to get largest ever…
Prime Minister Narendra Modi The Defence Acquisition Council (DAC) on Thursday, July 3 gave the green light to start buying military equipment worth about Rs. 1.05 lakh crore. This move is aimed at strengthening the Indian armed forces. The plan includes a wide range of equipment from minesweeping ships and surface-to-air missiles to systems used in electronic warfare and vehicles that help recover damaged tanks and other armoured vehicles, according to the defence ministry. The DAC, which is led by Defence Minister Rajnath Singh, approved 10 new defence purchase proposals. All of them will be made in India to support the country's goal of becoming more self-reliant in defence production. In India, the council's approval known as 'Acceptance of Necessity' or AoN is the first step toward actually buying the equipment. Indian navy to get mine countermeasure vessels Among the proposals, the biggest one is the Navy's plan to get mine countermeasure vessels (also known as minesweepers) worth around Rs. 44,000 crore. These ships play a key role in clearing naval mines and keeping sea routes safe. This decision is an important one because, right now, the Indian Navy doesn't have a single minesweeper in service. The last of its old fleet, which included six ships bought from the former Soviet Union in the late 1970s was retired six years ago. To rebuild its mine-clearing strength, the Navy now plans to get 12 new minesweeping ships (called MCMVs) from Indian shipyards. In addition to these ships, the Defence Acquisition Council (DAC) also approved other related equipment, like moored mines, a fast-firing naval gun called the super rapid gun mount, and underwater robotic vessels. These tools are meant to protect both Navy warships and civilian cargo ships from threats in the sea, the defence ministry said. This isn't the first time the Navy has tried to buy minesweepers. Over the past 17 to 18 years, at least three earlier efforts didn't work out. Two years ago, the Navy said it might divide the minesweeper order between two shipbuilders giving eight ships to the lowest bidder and four to the second-lowest to speed things up. Still, officials say the first minesweeper won't actually join the fleet until at least seven years after the deal is signed. The rest will be delivered over the next six to seven years. Big boost to surface-to-air missiles Another big proposal that got the green signal is for quick-reaction surface-to-air missiles, which are expected to cost around Rs. 30,000 crore. The council also approved purchases of armoured recovery vehicles (used to tow or fix damaged tanks), electronic warfare gear, and a shared inventory system for the Army, Navy, and Air Force. These acquisitions will help improve mobility, air defence, logistics, and overall readiness of the armed forces, the ministry said. Govt clears new defence proposals under IDDM category The DAC has cleared all the new defence proposals under the Buy (Indian-IDDM) category, which is the most important route for boosting defence manufacturing in India. IDDM stands for Indigenously Designed, Developed, and Manufactured meaning the equipment will be made in India, using Indian technology and resources. This decision comes at a key moment. On June 19, the Ministry of Defence announced the formation of a powerful new committee to review and improve the existing Defence Acquisition Procedure (DAP 2020). This review is aimed at helping the armed forces modernise faster and making the country more self-reliant in defence production. The committee is being led by the Director General (Acquisition) and includes top officials from the defence ministry, representatives from the Indian defence industry, and experts from academic institutions. They are now holding discussions with different stakeholders and have asked for suggestions by July 5. According to the ministry, the goal of this review is to speed up the delivery of modern systems and equipment to the armed forces so that they can be better prepared to deal with future threats. At the same time, it aims to boost the 'Atmanirbhar Bharat' (self-reliant India) mission by encouraging home-grown defence technologies and innovations.
Time of India
03-07-2025
- Business
- Time of India
Defence Ministry gives go ahead to acquisitions worth Over Rs 1 lakh crore
The defence ministry has given the armed forces the go ahead to carry out acquisitions worth over ₹1 lakh crore, including critical mine counter-measure vessels, quick reaction surface-to-air systems and underwater drones. The Rajnath Singh-led Defence Acquisition Council (DAC) on Thursday accorded acceptance of necessity (AoN) for 10 capital acquisition proposals amounting to around ₹1.05 lakh crore through indigenous sourcing. "These procurements will provide higher mobility, effective air defence, better supply chain management and augment the operational preparedness of the armed forces," officials said. Sources said the largest project cleared is the acquisition of 12 Mine Counter Measure Vessels (MCMVs) urgently needed by the Indian Navy. The vessels will be made in India and the winner will be decided through competitive bidding. Indian shipbuilders are expected to rope in foreign partners for the complex project that is expected to cost over ₹44,000 crore. The Navy has been operating without a single minesweeper after retiring its older generation ships and has been trying to procure replacements for the past two decades. Another major project cleared is the acquisition of Quick Reaction Surface to Air Missile (QRSAM) systems for the Indian Army that is valued at over ₹30,000 crore. The system has been designed by Defence Research and Development Organisation and has a range of around 30 km. The Indian Army will get three regiments of the indigenous system to complement other equipment like the Akash Air defence system. The ministry has also accorded AoNs for the procurement of Armoured Recovery Vehicles, Electronic Warfare System and an Integrated Common Inventory Management System for the Tri-Services. Economic Times WhatsApp channel )
Hindustan Times
03-07-2025
- Business
- Hindustan Times
DAC clears ₹1.05 lakh crore to boost defence capabilities of Indian armed forces
The defence acquisition council (DAC) on Thursday gave its initial approval to purchase military hardware worth ₹ 1.05 lakh crore to sharpen the capabilities of the Indian armed forces. Defence minister Rajnath Singh with women defence personnel at the Northern Command HQ in Udhampur. (Photo from X) The purchase plans involve minesweepers, quick-reaction surface-to-air missiles and electronic warfare systems to armoured recovery vehicles, the defence ministry said. The DAC, headed by Union defence minister Rajnath Singh, accorded its acceptance of necessity (AoN) to 10 capital acquisition proposals through the indigenous route to boost self-reliance in the defence manufacturing sector, it said. Under India's defence procurement rules, AoN by the council is the first step towards buying military equipment. The acquisition of mine countermeasure vessels (MCMVs) or minesweepers for the Indian Navy at an estimated cost of around ₹ 44,000 crore is the most significant proposal cleared by the DAC — India's apex military procurement body, officials aware of the matter said. The development is significant as the navy currently does not operate even a single minesweeper, with the last in a fleet of six such vessels (bought from the erstwhile Soviet Union in the late 1970s) being decommissioned six years ago. The navy plans to buy 12 MCMVs from Indian shipyards to strengthen its mine-warfare capabilities. Apart from the minesweepers, the DAC also accorded AoN for moored mines, super rapid gun mount and submersible autonomous vessels. 'These procurements will enable mitigation of potential risks posed to the naval and merchant vessels,' the defence ministry said in a statement. The latest attempt to buy the MSMVs comes after at least three failed attempts during the last 17-18 years. Two years ago, the navy indicated that the MSMV order could be split between the lowest and the second-lowest bidding shipyards in the ratio of 8:4. To be sure, the navy will induct the first MSMV at least seven years after a contract is signed, with the remaining to join service over six to seven years thereafter, the officials said, asking not to be named. The quick-reaction surface-to-air missiles cleared by the DAC are expected to cost around ₹ 30,000 crore, HT learns. 'AoN were accorded for procurement of armoured recovery vehicles, electronic warfare systems, integrated common inventory management system for the tri-services and surface-to-air missiles. These procurements will provide higher mobility, effective air defence, better supply chain management and augment the operational preparedness of the armed forces,' the ministry added. The DAC has cleared the proposals under Buy (Indian-IDDM) category. It is the most important category of acquisition for indigenisation under the defence procurement policy. IDDM stands for indigenously designed, developed and manufactured. The council's approval for the new weapons and systems comes at a critical moment as the defence ministry said on June 19 that it has set up a high-powered committee, headed by the director general (acquisition), to steer a comprehensive review of the Defence Acquisition Procedure (DAP) 2020 for speedy modernisation of the armed forces and boosting self-reliance in the critical sector. The panel — including senior officers from the ministry, representatives from the defence industry and academia — is currently holding consultations with the stakeholders and has invited suggestions from them by July 5. The aim of the review, the ministry said, is to meet the operational requirements and modernisation needs of the armed forces in a timely manner to ensure national security and achieve 'atmanirbharta' (self-reliance) goals by promoting technology infusion through indigenously designed and developed systems. It also seeks to boost the Make-in-India initiative by promoting defence manufacturing through facilitation of joint ventures and transfer of technology for the private sector, encouraging foreign original equipment manufacturers to invest in the country and establish India as a global defence manufacturing and MRO (maintenance, repair and overhaul) hub.
News18
30-05-2025
- Business
- News18
Mazagon Dock Shipbuilders Shares Plunge 7% As Q4 Net Profit Slumps 51%; Should You Buy?
Last Updated: Shares of state-run defence PSU Mazagon Dock Shipbuilders Ltd fell over 7% in early trade on Friday; What should investors do? Mazagon Dock Shipbuilders Share: Shares of state-run defence PSU Mazagon Dock Shipbuilders Ltd fell over 7% in early trade on Friday, May 30, following a sharp 51% year-on-year drop in net profit for Q4FY25. The company's net profit for the January-March quarter slipped to Rs 325.3 crore from Rs 663 crore in the year-ago period. Revenue from operations for the quarter rose marginally by 2.3% YoY to Rs 3,174.4 crore, compared to Rs 3,103.7 crore in the previous year. However, operating performance was under pressure, with EBITDA plunging 83% to Rs 90 crore from Rs 524 crore. For the full financial year, Mazagon Dock Shipbuilders reported a 25% rise in net profit to Rs 2,414 crore, up from Rs 1,937 crore in FY24, while revenue climbed 21% to Rs 11,432 crore. At 9:18 am, shares were trading at Rs 3,485.4 on the NSE, down 7.6%. The defence shipbuilder has recently been in focus amid reports of potential Navy orders worth Rs 44,000 crore. According to a Times of India report, the procurement of 12 advanced mine countermeasure vessels (MCMVs) will soon be placed before the Defence Acquisition Council for clearance. The MCMVs are expected to strengthen India's maritime defence by detecting and neutralising underwater mines. Despite Friday's slide, Mazagon Dock shares have surged 130% in the past year, far outpacing the Nifty 50's 10.4% gain. First Published: May 30, 2025, 10:10 IST
