Shares of defence sector companies such as Bharat Electronics, Bharat Dynamics, Hindustan Aeronautics, Data Patterns and Astra Microwave Products were in focus after the Defence Acquisition Council (DAC) approved capital acquisition proposals worth around Rs 80,000 crore, according to sources cited by CNBC-TV18.
The approvals include major overhaul and upgrade programmes for key defence platforms. The government has cleared proposals for the overhaul of T-90 tanks and the mid-life overhaul of Mi-17 helicopters, which are expected to support operational readiness of the Indian armed forces.
In addition, the DAC has approved proposals for the acquisition of Medium Range Surface-to-Air Missiles (MRSAM) for both the Indian Navy and the Indian Air Force, providing a boost to air and missile defence capabilities. Proposals for the procurement of loitering munitions have also been cleared, reflecting the armed forces’ increasing focus on modern warfare technologies.
The council has also approved changes in the Request for Proposal (RFP) for the acquisition of refuellers and Airborne Warning and Control Systems (AWACS), a move seen as critical for enhancing surveillance and force-multiplier capabilities.
The developments have brought defence stocks into the spotlight, with companies such as Bharat Electronics and Bharat Dynamics expected to be key beneficiaries, given their roles in electronics systems, missile programmes and defence manufacturing.
