{"id":132666,"date":"2024-09-04T13:52:17","date_gmt":"2024-09-04T08:22:17","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=132666"},"modified":"2024-09-04T13:55:11","modified_gmt":"2024-09-04T08:25:11","slug":"defence-stocks-to-benefit-from-govt-approves-1-44-lakh-cr-outlay-for-armed-forces","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/defence-stocks-to-benefit-from-govt-approves-1-44-lakh-cr-outlay-for-armed-forces\/","title":{"rendered":"Defence stocks to benefit from Govt approves \u20b9 1.44 Lakh Cr outlay for Armed Forces"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4070208589\"><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>The Defence Acquisition Council (DAC) approved major procurement projects worth Rs 1.44 lakh crore for the Armed Forces and also granted acceptance of Necessity (AoN) for 10 capital acquisition proposals. DAC is one of the highest authorities for approving major capital purchases from the armed forces.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2853348208\"><!-- 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>Additionally, these approved projects include Future Ready Combat Vehicles (FRCVs) and Air Defence Fire Control Radars for the Army, along with Dornier 228 aircraft, Next Generation Fast Patrol Vessels, and Offshore Patrol Vessels for the Indian Coast Guard.&nbsp;<\/p><p>According to a ministry statement, the long-awaited purchase of Future Ready Combat Vehicles (FRCVs) would modernize the Indian Army&#8217;s tank fleet. These new Main Battle Tanks will offer increased mobility, all-terrain capabilities, multi-layered protection, precise shooting, destructive firepower, and real-time situational awareness.&nbsp;<\/p><p>The Defence Ministry further stated that the Air Defence Fire Control Radars will improve aerial target recognition and tracking, resulting in more precise firing solutions. The application has been authorized for the Forward Repair Team (Tracked), which has sufficient cross-country mobility to perform in situ repairs during mechanized activities.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3417243172\"><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><strong>Here are defence stocks that can benefit from Rs 1.44 lakh crore outlay for procurement projects;&nbsp;<\/strong><\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/MAZDOCK\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Mazagon Dock Shipbuilders Ltd<\/a>\u00a0<\/strong><\/h2><p>Mazagon Dock Shipbuilders Limited is engaged in building and repairing of ships, submarines, various types of vessels, and related engineering products. The Company is into the construction of warships and submarines. It is also engaged in the production of defence equipment.&nbsp;<\/p><p>With a market capitalization of Rs 95,097.84 crore, the shares were trading at Rs 4,716.15 crore, increasing around 6 percent as compared to the previous closing price.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Also read<\/strong>: <strong><a href=\"https:\/\/tradebrains.in\/features\/auto-ancillary-jumps-5-after-it-partners-with-chinese-company-to-expand-its-ev-business\/\" target=\"_blank\" rel=\"noreferrer noopener\">Auto ancillary jumps 5% after it partners with Chinese company to expand its EV business<\/a><\/strong><\/p><\/blockquote><h2 class=\"wp-block-heading has-medium-font-size\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/GRSE\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Garden Reach Shipbuilders &amp; Engineers Ltd<\/a>\u00a0<\/strong><\/h2><p>Garden Reach Shipbuilders &amp; Engineers Limited is primarily engaged in shipbuilding activities for the Indian Navy and the Indian Coast Guard. It is also engaged in the construction of commercial vessels and engineering &amp; engine production activities.&nbsp;<\/p><p>With a market capitalization of Rs 22,536.39 crore, the shares were trading at Rs 1,967.35 crore, increasing around 3 percent as compared to the previous closing price.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/HAL\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Hindustan Aeronautics Ltd\u00a0<\/a><\/strong><\/h2><p>Hindustan Aeronautics Limited is an India-based company, which is engaged in the design, development, manufacture, repair, overhaul, upgrade, and servicing of a wide range of products including, aircraft, helicopters, aero-engines, avionics, accessories, and aerospace structures.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-3502820607\"><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>With a market capitalization of Rs 3.27 lakh crore, the shares were trading at Rs 4,898.70 crore, increasing around 2 percent as compared to the previous closing price.&nbsp;<\/p><p>The company received approval for Acceptance of Necessity (AON) for procurement of Dornier-228 Aircraft from the Defence Acquisition Council (DAC).&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/BDL\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Bharat Dynamics Ltd\u00a0<\/a><\/strong><\/h2><p>Bharat Dynamics Limited is engaged in the manufacturing of missiles and allied defense equipment. The Company has facilities for manufacturing and supplying of guided missiles, underwater weapons, air-borne products, and allied defense equipment for the Indian armed forces.&nbsp;<\/p><p>With a market capitalization of Rs 48,972.75 crore, the shares were trading at Rs 1,336.00 crore, increasing around 1.16 percent as compared to the previous closing price.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/BEL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Bharat Electronics Ltd\u00a0<\/a><\/strong><\/h2><p>Bharat Electronics Limited manufactures and supplies electronic equipment and systems for the defense sector as well as for non-defense markets. Its defense products include navigation systems, defense communication products, land-based radars, naval systems, electronic warfare systems, avionics, etc.&nbsp;<\/p><p><strong>Also read<\/strong>: <strong><a href=\"https:\/\/tradebrains.in\/features\/chemical-stock-jumps-6-after-company-to-acquire-its-german-rival-heubach-gmbh\/\" target=\"_blank\" rel=\"noreferrer noopener\">Chemical stock jumps 6% after company to acquire its German rival Heubach GmbH<\/a><\/strong>\u00a0<\/p><p>With a market capitalization of Rs 2.17 lakh crore, the shares were trading at Rs 298.00 crore, increasing around 0.27 percent as compared to the previous closing price.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by:- Abhishek Singh<\/strong><\/p><\/blockquote><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Disclaimer<\/strong><\/h2><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/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-1406350506\"><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>The Defence Acquisition Council (DAC) approved major procurement projects worth Rs 1.44 lakh crore for the Armed Forces and also granted acceptance of Necessity (AoN) for 10 capital acquisition proposals. DAC is one of the highest authorities for approving major capital purchases from the armed forces.&nbsp; Additionally, these approved projects include Future Ready Combat Vehicles [&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":[6840,6954,14244,11179,9318,948,936],"class_list":["post-132666","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-bel-share-price","tag-bharat-dynamics-share-price","tag-garden-reach-shipbuilders-share-price","tag-hal-share-price","tag-mazagon-dock-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>Defence stocks to benefit from Govt approves \u20b9 1.44 Lakh Cr outlay for Armed Forces - 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