Latest news with #Pinaka
Economic Times
2 days ago
- Business
- Economic Times
Sika Interplant, Data Patterns, and other defence stocks jump up to 5%. Here's why
Defence stocks like Sika Interplant Systems, Data Patterns, BEL and BEML rose up to 5% on Thursday morning after NATO allies agreed to hike defence spending. The move is being seen as a big export opportunity for Indian defence firms. ADVERTISEMENT In a five-point statement issued on Wednesday, NATO leaders backed the big increase in defence spending that US President Donald Trump had demanded, and restated their commitment to defend each other from attack after a brief summit in the Netherlands. The new spending target - to be achieved over the next 10 years - is a jump worth hundreds of billions of dollars a year from the current goal of 2% of GDP, although it will be measured differently. Also Read | NATO allies agree to hike defence spending, reaffirm collective defenceCountries pledged to spend 3.5% of GDP on core defence - such as troops and weapons - and 1.5% on broader defence-related measures such as cyber security, protecting pipelines and adapting roads and bridges to handle heavy military the day, Sika was top gainer in the defence pack and rallied up to 5%, followed by 2-3% upsides seen in Data Patterns, Paras Defence, BEL and BEML. ADVERTISEMENT Ashika Institutional Equities said NATO's announcement is positive for Data Patterns, Zen Technologies, Paras Defence & Space Technologies, Astra Microwave, Ideaforge Ltd, HAL, BEL and BDL. "This development opens up substantial export opportunities for Indian defence companies, which already supply a diverse portfolio of products including arms, ammunition, fuses, complete weapon systems such as the BrahMos supersonic cruise missile, artillery guns, Dornier-228 aircraft, radars, Akash air defence systems, Pinaka rockets, armoured vehicles, as well as protective equipment and uniforms," it said. ADVERTISEMENT Further, given the prevailing geopolitical tensions, increased defence spending, and the government's emphasis on indigenization and exports, the overall outlook on the defence sector remains positive, the brokerage said. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
2 days ago
- Business
- Time of India
Sika Interplant, Data Patterns, and other defence stocks jump up to 5%. Here's why
Defence stocks like Sika Interplant Systems, Data Patterns , BEL and BEML rose up to 5% on Thursday morning after NATO allies agreed to hike defence spending. The move is being seen as a big export opportunity for Indian defence firms. In a five-point statement issued on Wednesday, NATO leaders backed the big increase in defence spending that US President Donald Trump had demanded, and restated their commitment to defend each other from attack after a brief summit in the Netherlands. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Elegant New Scooters For Seniors In 2024: The Prices May Surprise You Mobility Scooter | Search Ads Learn More Undo The new spending target - to be achieved over the next 10 years - is a jump worth hundreds of billions of dollars a year from the current goal of 2% of GDP, although it will be measured differently. Also Read | NATO allies agree to hike defence spending, reaffirm collective defence Countries pledged to spend 3.5% of GDP on core defence - such as troops and weapons - and 1.5% on broader defence-related measures such as cyber security, protecting pipelines and adapting roads and bridges to handle heavy military vehicles. Live Events During the day, Sika was top gainer in the defence pack and rallied up to 5%, followed by 2-3% upsides seen in Data Patterns, Paras Defence, BEL and BEML. Ashika Institutional Equities said NATO's announcement is positive for Data Patterns, Zen Technologies , Paras Defence & Space Technologies, Astra Microwave , Ideaforge Ltd, HAL , BEL and BDL. "This development opens up substantial export opportunities for Indian defence companies , which already supply a diverse portfolio of products including arms, ammunition, fuses, complete weapon systems such as the BrahMos supersonic cruise missile, artillery guns, Dornier-228 aircraft, radars, Akash air defence systems, Pinaka rockets, armoured vehicles, as well as protective equipment and uniforms," it said. Further, given the prevailing geopolitical tensions, increased defence spending, and the government's emphasis on indigenization and exports, the overall outlook on the defence sector remains positive, the brokerage said. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
India.com
4 days ago
- Business
- India.com
Two New Pinaka Rocket Regiments Coming: Why India's Indigenous Artillery Upgrade Is Likely To Rattle China, Pakistan
New Delhi: India's long-term artillery modernisation plan is entering a decisive phase, with the Army set to induct two more regiments of the indigenous Pinaka multi-barrel rocket launcher system. With these additions, the total number of operational Pinaka regiments will rise to 10 by 2026, signaling the gradual replacement of outdated Soviet-era Grad BM-21 systems that have been in service for decades. Designed by India's Defence Research and Development Organisation (DRDO), this rocket system has already proven its value in operations along the northern and western borders. Its six regiments are currently active in areas facing China and Pakistan. The addition of two more will further strengthen India's deep-strike capabilities and reduce dependence on foreign-origin equipment. Sources in the defense establishment told The New Indian Express that training for the personnel of the upcoming regiments is already underway. Launchers, command posts and support equipment are expected to be delivered by the end of this year. If all goes to plan, the new regiments will be combat-ready by early 2026. Each regiment is equipped with 18 launchers, capable of delivering massive firepower in seconds. Each Pinaka battery can launch up to 72 rockets in just 44 seconds, saturating an area of nearly 1,000 square meters with precision strikes. With a maximum range of 38 kilometres at sea level, extended further in mountainous terrain, the system allows the Army to target enemy positions deep inside hostile territory with minimal response time. Named after Lord Shiva's mythological bow, Pinaka has evolved into a cornerstone of India's indigenous artillery ecosystem. It stands alongside heavy-duty platforms like the Russian-origin Smerch systems and integrates smoothly with Bofors guns, M777 howitzers and upgraded L-70 air defense guns. India's move to expand the Pinaka fleet comes with both strategic and operational implications. The Ministry of Defence had signed a Rs 2,580 crore contract in 2020 with Tata Power, Larsen & Toubro and BEML for manufacturing and supplying six regiments' worth of launchers, vehicles and support systems. Two of those six regiments became operational in 2024, while the remaining four are in the pipeline, including the two now under training. In total, 114 launchers are currently in service across the six active regiments. These are equipped with automated gun aiming and positioning systems (AGAPS) and supported by 330 BEML-supplied vehicles and 45 command posts. The operational experience gained over the last few years has allowed the Army to refine deployment strategies, optimize logistics and increase interoperability with other ground-based firepower assets. The larger objective is phasing out the Grad BM-21 rocket systems of Soviet origin, which first saw combat during the 1969 Sino-Soviet border conflict. Though reliable, the Grad's 1960s-era technology is increasingly unsuited for modern high-precision and high-mobility battlefields. Pinaka's growing presence on India's frontlines reflects shift in military doctrine – one that prioritises speed, indigenous capability and operational independence. As geopolitical tensions remain high along India's northern borders, the Army's push for advanced and domestically developed artillery systems is likely to remain a cornerstone of its defense preparedness through the next decade.
India Today
5 days ago
- Business
- India Today
DRDO offers 28 indigenous weapon systems to armed forces for emergency procurement
Having performed satisfactorily during operations, the Defence Research and Development Organisation has offered 28 of its designed and developed weapon systems to the three services for emergency procurement. The forces have been allowed to buy new weapons and replenish the stocks of existing weapons by the centre under the emergency procurement powers. Under these powers, they can buy hardware worth up to Rs 300 crore for a single product."The DRDO has submitted the list to the defence ministry and includes rockets, air-to-air missiles, air-to-ground missiles, laser-guided bombs, torpedoes, shoulder-fired air defence and anti-tank missiles, helicopter-launched and ground-launched Nag missiles, Rudram anti-radiation missiles, Naval anti-ship missiles and grenades," defence officials informed India Today."The long list of weapon systems provided by the DRDO also lists the vendors who produce them and the number that the defence forces can procure in the next six months to one year," the sources DRDO has also listed the names of the production agencies for its various products from which the forces can source these items. For example, the Pinaka rockets can be acquired from Solar Defence and Aerodpace Limited, while Bharat Dynamics Limited is the source for multiple pieces of equipment in the forces have also been offered the Man-Portable Anti-Tank Guided Missiles, Very Short-Range Air Defence System, Smart Anti-Airfield Weapons, long-range Glide Bomb, and Advanced Light-Weight Torpedo, along with ammunition for the 155 mm artillery forces have been given the option to order from a list of 28 different pieces of equipment, including 14 for the Indian Army, 8 for the Indian Navy, and 6 for the Indian Air Force. The Indian Air Force is also acquiring the SAAW smart ammunition as part of a proposal being considered by the Defence Ministry, which is likely to come up for discussion DRDO has been the main developer of weapons in the Indian system, and its BrahMos supersonic cruise missiles, MRSAM air-edge fence missile systems, and Akash air-edge fence systems have performed very well in defeating Pakistani attacks during Op Sindoor.- EndsMust Watch advertisement
New Indian Express
5 days ago
- New Indian Express
Indian Army boosts firepower with two deep strike Pinaka rocket regiments
NEW DELHI: Adding to its deep and quick strike capability, the Indian Army is set to raise two more regiments of the Pinaka multi-barrel rocket launcher (MBRL) system in the coming months. The Army is also expected to receive the equipment for two additional regiments by the end of this year. Currently, six Pinaka regiments are already operational along the northern border with China and the western border with Pakistan. 'The training of the troops is underway for the two regiments which will be fully operational in next few months,' a source in the defence and security establishment told TNIE. The source added, 'We are also expecting that the launchers, equipment and systems for the remaining two units will be delivered by end of this year and if everything goes as planned, they will become operational in the first half of 2026.' In artillery terms, a "unit" is also called a "regiment." Each regiment has three batteries, and each battery includes six Pinaka launchers. At the current pace, the number of Pinaka regiments will increase to eight this year and is expected to reach ten regiments by 2026. 'The equipment will be allotted to the other two regiments by the end of this year,' sources said, adding that the training for these regiments will begin soon. Initially, troops will train with the older regiments and later independently until they are fully operational. A battery of six Pinaka launchers can fire 72 rockets in just 44 seconds, destroying enemy targets across an area of 1000 metres by 800 metres.
