Hindustan Shipyard Limited (HSL) has been conferred Mini Ratna status by the Government of India, marking a major step in its long journey from years of financial distress to sustained profitability and operational stability. The recognition, announced on October 14, 2025, signals the shipyard’s renewed position as a strategic asset in India’s maritime and defence…
The Ministry of Defence on Thursday signed a Rs 62,370 crore contract with Hindustan Aeronautics Limited (HAL) for 97 Tejas Mk-1A fighter aircraft, marking the biggest procurement under the indigenous light combat aircraft programme. The deal, announced by the MoD in an official statement will provide the Indian Air Force (IAF) with 68 single-seat fighters…
Commerce Minister Piyush Goyal is likely to visit Washington next week for India-US trade talks, with MEA sources confirming progress on both economic and defence discussions. Boeing and the Defence Ministry are holding financial negotiations on the P-8I aircraft deal. Commerce and Industry Minister Piyush Goyal is likely to visit Washington for trade talks. Source:…
In a significant move, the Peace envoy is preparing to rename the Ministry of Defence (MoD) to the Department of War, Zee Business reported. Sources indicate that an executive order is expected to be signed later tonight. The Ministry of Defence provides the policy framework and resources to the armed forces to discharge their responsibilities…
Shares of Mazagon Dock Shipbuilders Ltd. rose over 3 per cent in early trade on Monday after the Ministry of Defence approved the state-run shipbuilder to begin cost negotiations with Germany’s Thyssenkrupp Marine Systems for the ambitious P-75(I) submarine project. The stock opened at Rs 2,787, gaining 3.2 per cent from the previous close. Prior…
BEML Limited has inaugurated a state-of-the-art warehousing facility in the Karnataka Industrial Areas Development Board (KIADB) Aerospace Special Economic Zone (SEZ) near Kempegowda International Airport, Bengaluru. The newly developed facility, spread across 0.12 acres, marks the first phase of BEML’s strategic expansion into the aerospace domain. The facility was inaugurated by Shri Shantanu Roy, Chairman…