New Delhi: Two years after its commissioning, Indian Navy‘s newest destroyer INS Chennai today validated its arming with the world’s first supersonic cruise missile with a successful test-firing of the Indo-Russian joint venture BrahMos. The missile, fired from on board the 7,500-tonne warship, hit its intended surface target […]
(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 […]
New Delhi: India‘s lone submarine builder had a dream-like debut on the stock market today, finishing the opening trading day at Rs 173, a cool 19 per cent above its Initial Public Offering (IPO) price of Rs 145, strongly aided by its above par financial performance over the […]
By N. C. Bipindra New Delhi: The precarious situation that one of India’s private shipyards finds itself over its debts has put the navy in a quandary over how to proceed with a Rs 20,000-crore ($2.65-billion) tender for building four amphibious warships. One of the options being considered […]
(Editor’s Note: Updated with the outcome of today’s meeting of the lenders at paragraph 4.) By N. C. Bipindra New Delhi: Indian defence ministry’s hope of industrialist Anil Ambani‘s shipbuilding venture being revived through a take over by another company or operator has got into rough weather after […]
By N. C. Bipindra New Delhi: India is keeping a decision to cancel a deal for five warships at bay to see if the beleaguered Reliance Naval Engineering Limited (RNEL) is able to revive itself or if a take-over of the debt-ridden shipyard can happen so that the […]
New Delhi: India will soon buy 83 Tejas Mk1A Light Combat Aircraft (LCA) for its air force that will boost the sagging combat fleet numbers of its fighter jets and energise the depleting order book of the state-run aircraft maker Hindustan Aeronautics Limited (HAL). The proposal to buy […]
By N. C. Bipindra New Delhi: Defence ties between India and the US received a booster shot when President of the United States Donald J. Trump was in New Delhi on Feb. 25. The two nations signed military business deals cumulatively worth nearly $3.5 billion for 24 Lockheed […]
New Delhi: India’s state-run Mazagon Dock Shipbuilders Limited (MDL) and private firm Larsen & Toubro have been chosen to battle it out for a Rs 45,000-crore ($6.3 billion) tender for building six next generation conventional submarines for the Indian Navy. Five Original Equipment Manufacturers — French Naval Group, […]
New Delhi: India’s Ministry of Defence has postponed its key meeting to discuss and approve procurement proposals of the armed forces worth $12 billion. The meeting of the Defence Acquisition Council, chaired by Minister of Defence Rajnath Singh, was scheduled to happen today, but will now take place […]
New Delhi: Hit hard by media criticism of slowdown in major defence projects under the ‘Make in India‘ initiative, the Narendra Modi government today said it was expediting the three key procurement programmes for next generation submarines, naval utility helicopters and the 114-combat jets, cumulatively worth $23 billion. […]
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 […]
Mumbai: Indian Navy today added a booster shot to its under-water warfare capabilities, by receiving delivery of the second Scorpene-class submarine ‘Khanderi’, which is to be commissioned by Minister of Defence Rajnath Singh on September 29 at the Mazagon Dock Shipbuilders Limited (MDL) here. The ‘Acceptance Document’ was […]
