New Delhi: India‘s space launch vehicle programme, the first to be taken up entirely by private players, has witnessed a spirited response from three entities, including a consortia led by the Adani Group and the other by Larsen & Toubro. When one of the entities bags the contract […]
New Delhi: India’s defence public sector undertaking BEML Limited has bagged export orders from central African nation Cameroon and neighbour Bangladesh under Lines of Credit extended by the Indian government to buy construction equipment. BEML Limited is a ‘Schedule A’ company under India’s Ministry of Defence (MoD) and […]
(Editor’s Note: Updated at 9 am today with expert opinions on the defence export trend all over the article.) New Delhi: India could achieve just about 25 per cent of its $2-billion defence export target in the first six months of this fiscal that began Apr. 2020, hit […]
By N. C. Bipindra New Delhi: In a major boost to the private sector, India‘s defence ministry today said it has signed a Rs 2,580-crore (slightly over $350 million) contract with Larsen and Toubro and Tata Power Company Limited, apart from a public sector enterprise, for the supply […]
(Editor’s Note: Updated on July 21 at 3:00 pm with BEML statement on more details of the contract at paragraph eight.) New Delhi: India today (July 20) said it has signed a Rs 557-crore ($75-million) deal with a state-run enterprise for 1,512 mine ploughs for the army’s Russian-origin […]
By N. C. Bipindra New Delhi: India’s signature defence exhibition, DefExpo 2020, came to a close today in Lucknow, where the last five days witnessed a slew of agreements and Memorandum of Understanding being signed. India’s Defence Secretary Dr. Ajay Kumar had informed at the event that over […]
New Delhi: India’s Narendra Modi government can take a leaf out of former British Prime Minister Margaret Thatcher and the privatisation of companies like defence major BAE Systems to carry forward its disinvestment plans for state-owned companies that are profitable. The Economic Survey 2020-21, presented to the Parliament […]
New Delhi: India’s Defence Public Sector Undertakings (DPSUs) have a healthy order book worth Rs 2,31,981 crore ($32.5 billion) that could help them stay in business for a period ranging from two years to 10 years. The details of the order book for each of the DPSUs is […]