{"id":105085,"date":"2023-07-11T11:44:33","date_gmt":"2023-07-11T06:14:33","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=105085"},"modified":"2023-07-11T11:44:35","modified_gmt":"2023-07-11T06:14:35","slug":"stocks-that-have-signed-a-partnership-with-drdo-to-advance-the-indian-defence-system-in-fy23","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stocks-that-have-signed-a-partnership-with-drdo-to-advance-the-indian-defence-system-in-fy23\/","title":{"rendered":"Stocks that have signed a partnership with DRDO to advance the Indian defence system\u00a0in FY23"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1945767523\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Defence Research &amp; Development Organisation (DRDO) is India&#8217;s largest research organisation under the Ministry of Defence. It is actively working to develop defence technology in a variety of fields, including weaponry, electronics, combat vehicles, and aeronautics.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1980330335\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>In light of geopolitical tensions, the Indian government is emphasising the necessity of self-reliance and indigenous growth in the defence industry. As a result, the Indian defence wing DRDO is expanding its capabilities by collaborating with other players in the defence industry in order to achieve and promote the aim of the &#8220;Make in India&#8221; initiatives by enhancing the self-reliance and indigenous capabilities of the defence manufacturing sector.&nbsp;<\/p><p><strong>Here are four companies that have signed a partnership with DRDO in fiscal year 2023.&nbsp;<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-beml-ltd\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/BEML\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">BEML Ltd.\u00a0<\/a><\/strong><\/h4><p>Bharat Earth Movers Limited (BEML) is Asia&#8217;s second-largest manufacturer of earth-moving equipment for the mining, construction, and defence industries, as well as a company that manufactures coaches for the metro and Indian Railways.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4001679985\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>With a market valuation of Rs 6,700 crore, the company belongs to the small-cap category. On July 11, shares were trading at Rs 1,600 a share, up 2.15 percent from the previous close price.&nbsp;<\/p><p>In February 2023, India&#8217;s state-owned Bharat Earth Movers Limited (BEML) signed a licensing agreement for the transfer of technology (ToT) with the Defence Research and Development Organisation (DRDO) for the development and delivery of trawl assembly for the T-72 and T-90 main battle tanks.&nbsp;<\/p><h4 class=\"wp-block-heading\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/LT\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Larsen &amp; Toubro Ltd\u00a0<\/a><\/strong><\/h4><p>Larsen &amp; Toubro Limited (L&amp;T) is a leading producer and supplier of defence equipment and systems in India, as well as a company engaged in the engineering, construction, and manufacturing sectors.&nbsp;<\/p><p>With a market capitalization of Rs 3,46,789 crore, the company belongs under the Large-cap category. On July 11, shares traded at Rs 2,473.15 a share, a 1.15 percent increase from the previous close price.<\/p><p>Larsen &amp; Toubro (L&amp;T) secured a contract with DRDO in June 2023 to build two Air Independent Propulsion (AIP) System Modules for the Indian Navy&#8217;s Kalvari Class Submarines. This air-independent propulsion (AIP) technology improves conventional submarines&#8217; underwater endurance and stealth.&nbsp;<\/p><h4 class=\"wp-block-heading\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/BEL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Bharat Electronics Ltd.\u00a0<\/a><\/strong><\/h4><p>Bharat Electronics Ltd is an Indian state-owned aerospace and defence company under the Ministry of Defence, It primarily manufactures advanced electronic products for ground and aerospace applications in Electronic warfare systems, tank electronics, and simulators.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-2617456087\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company belongs to the Large-cap category with a market capitalization of Rs 92,541 crore. Shares were trading at Rs 126.45 a share on July 11, up 2.85 percent from the previous close price.&nbsp;<\/p><p>Bharat Electronics (BEL) and the Aeronautical Development Agency (ADA), DRDO, have signed an MoU for the Advanced Medium Combat Aircraft (AMCA) programme. The MoU intends to use BEL and ADA&#8217;s complementary strengths and skills, with both companies cooperating on the design, development, authorization, manufacture, and delivery of aircraft for the Indian Air Force.&nbsp;<\/p><h4 class=\"wp-block-heading\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/PARAS\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Paras Defence and Space Technologies Ltd.\u00a0<\/a><\/strong><\/h4><p>Paras Defence and Space Technologies is a company that designs, develops, produces, and tests a wide range of defence electronics and space application products.&nbsp;<\/p><p>The company belongs to the small-cap category with a market capitalization of Rs 2,525 crore. Shares were trading at Rs 647.10 a share on July 11, up 2.78percent from the previous close price.&nbsp;<\/p><p>In June 2023, The DRDO awarded a contract of Rs 53 crore to Paras Defence and Space Technologies for the development of Optronic Periscopes, including installation assistance.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By Omkar Chitnis<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-125720509\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Defence Research &amp; Development Organisation (DRDO) is India&#8217;s largest research organisation under the Ministry of Defence. It is actively working to develop defence technology in a variety of fields, including weaponry, electronics, combat vehicles, and aeronautics.&nbsp; In light of geopolitical tensions, the Indian government is emphasising the necessity of self-reliance and indigenous growth in the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":57805,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[6840,9630,9899,9713,948,936],"class_list":["post-105085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-bel-share-price","tag-beml-share-price","tag-companies-collaborated-with-drdo","tag-paras-defence-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stocks that have signed a partnership with DRDO to advance the Indian defence system\u00a0in FY23 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Defence Research &amp; Development Organisation (DRDO) is India&#039;s largest research organisation under the Ministry of Defence. 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