The Defence Ministry has approved a proposal to purchase approximately 6,400 rockets for Pinaka multi-barrel rocket launcher systems worth Rs 2,800 crore to strengthen the Indian army’s firepower.
The Pinaka Multi-Barrel Rocket Launcher (MBRL) is a multiple rocket launcher produced in India and developed for the Indian Army by the Defence Research and Development Organisation (DRDO).
The Mark-I version has a maximum range of 40 km and the Mark-I enhanced version has a range of 120 km. In 44 seconds, it can launch a salvo of 12 high-explosive rockets. The Pinaka MBRL is mounted on a Tatra truck for mobility and was used successfully during the Kargil War to neutralize Pakistani positions on mountain tops.
Here is the list of stock that benefits from the Pinaka
Solar Industries
Solar Industries is a global leader in the production of bulk explosives, packaged explosives, and initiating systems for use in the mining, infrastructure, and construction industries.
Economic Explosives Limited (EEL), a subsidiary of Solar Industries, is one of the main contenders to manufacture rockets for the Pinaka system.
The solar industry and the Pinaka multi-barrel rocket launcher system are linked by Economic Explosives Limited (EEL), a subsidiary of Solar Industries. EEL is one of the leading contenders for the production of rockets for the Pinaka.
Securing the contract would be a huge boost for EEL, increasing its defense presence and potentially reducing India’s reliance on foreign military equipment.
The share price of the company closed 0.78 percent up Rs 6,850 from the previous close of Rs 6,796.80 on Friday.
L&T
Larsen & Toubro Ltd is a multinational conglomerate that primarily provides engineering, procurement, and construction (EPC) solutions in key sectors such as Infrastructure, Hydrocarbon, Power, Process Industries and Defense, Information Technology, and Financial Services in the United States and around the world.
The Pinaka rocket system and India’s defense environment are significantly influenced by the Indian engineering behemoth L&T. Producing the Pinaka launcher
and promoting indigenization and upgrades, it collaborates with the Ministry of Defence to provide the Army with the firepower of this multirole rocket.
On Friday the share price of the company closed 1.7 percent up at Rs 3,491.35 from the previous close of Rs 3,433.10.
Bharat Dynamics Limited
Bharat Dynamics (BDL), is a Government of India Enterprise. It makes guided missiles and other defense equipment.
The Pinaka system uses several different types of rockets, each with its range and payload. BDL manufactures all of these rockets, including the high-explosive, fragmentation, and incendiary versions.
BDL is constantly working on improving the Pinaka system. They have developed extended-range versions of the rockets and are currently working on a guided version. The Pinaka system can be integrated with other weapon systems, such as radars and fire control systems.
BDL’s share price closed at 0.44 percent up Rs 1,386 from the previous close of Rs 1,379.95 on Friday.
Hindustan Aeronautics
HAL manufactures a variety of launch vehicle subsystems and components, like launcher System HAL manufactures the hydraulics, electrical, and mechanical components of the multi-barrel rocket launcher.
HAL also contributes to the development and production of the fire control system that guides the rockets to their targets. HAL also manufactures various ground support equipment used for loading, aiming, and firing the Pinaka rockets.
HAL doesn’t directly manufacture the Pinaka missile, its contributions through subsystems, components, technology, and expertise are essential for the success of this important weapon system.
On Friday the share price of the stock closed 0.40 of Rs 2,762 from the previous close of Rs 2,773 per share.
Written by Sriram KV
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