Indian shipyards Mazagon Dock Shipbuilders Limited (MDL), Garden Reach Shipbuilders & Engineers Limited (GRSEL), and Cochin Shipyard Limited (CSL) are set for substantial growth, driven by a significant pipeline of Indian Navy orders and diversification into commercial and export markets. The Navy's share in defence spending is approximately 21 per cent, ensuring robust order visibility for these domestic players.
India's three major listed shipyards - Mazagon Dock Shipbuilders Limited (MDL), Garden Reach Shipbuilders & Engineers Limited (GRSEL), and Cochin Shipyard Limited (CSL) - are poised for substantial growth, driven by a robust order pipeline from the Indian Navy and diversification into commercial and export markets.
'Pakistan's is the only military-controlled nuclear weapons programme in the world.' 'As people get radicalised, the risk of a brigadier or pilot taking matters into their own hands is a real concern.'
'India has the capital to invest in defence production.' 'With clear timelines and commitments, private industry can deliver surge capacity effectively.'
Throughout 2022, China turned to the PLA as an increasingly capable instrument of Statecraft, strengthening its ability to 'fight and win wars' against a 'strong enemy', points out Ajai Shukla.
Since its results for the first quarter of the 2023-24 financial year (Q1FY24) earlier this month, the stock of auto component major Bharat Forge is up nearly 15 per cent and hit its all-time high in the process. The recent gains have extended the returns over the last three months to over 34 per cent. After a strong Q1 performance which beat expectations, brokerages had revised their earnings estimates upwards to factor in the improved outlook.
The five-day event will include aerial displays by aircraft and helicopters along with a large exhibition and trade fair of aerospace and defence companies.
The MRSAM is amongst the most lethal surface-to-air missiles in service anywhere.
The missile was launched from a mobile autonomous launcher at 11.45 am and it successfully flew in its pre-set trajectory 'fulfilling its mission objectives', the ministry said.
It was for the first time that the missile, capable of travelling at speeds of up to Mach 3.0, or three times the speed of sound, was tested with indigenously developed 'seeker' technology.
DRDO chief G Satheesh Reddy Reddy is the first Indian to be appointed Fellow of the Royal Institute of Navigation and of the Royal Aeronautical Society.
Describing the trial as "fully successful", the sources said, the sophisticated missile travelled for 19 minutes and covered 4,900 km.
Superstar Rajinikanth, tennis icon Sania Mirza and actress Priyanka Chopra were among the 56 eminent persons who were honoured with Padma awards on Tuesday.
The strategy, President Donald Trump said, is tailored and flexible to address the wide array of threats in the 21st century.
Using available government data, the team is targeting $30-40 billion worth of iron and steel products that are imported into India.
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