Rajnath Singh on Tuesday acknowledged on the X platform that India’s push to advertise home defence firms has considerably boosted indigenous defence manufacturing. From Rs. 40,000 crore in 2014, home defence output has surged previous Rs. 1.3 lakh crore and continues to rise. The federal government goals to cross Rs. 1.6 lakh crore in defence manufacturing within the present yr, with a long-term goal of Rs. 3 lakh crore by 2029, reflecting a robust dedication to self-reliance and development within the defence sector.
Defence Sector Updates: Milestones in FY25
In FY 2024–25, the Ministry of Defence signed a report 193 contracts price Rs. 2,09,050 crore, the best ever in a single monetary yr. Notably, 177 of those contracts, valued at Rs. 1,68,922 crore, had been awarded to the home business, underscoring the federal government’s robust push in the direction of self-reliance and indigenous defence manufacturing.
India has established two Defence Industrial Corridors in Uttar Pradesh and Tamil Nadu, attracting investments price over Rs. 8,658 crore and signing 253 MoUs with an estimated potential of Rs. 53,439 crore as of February 2025. Spanning 11 nodes throughout each states, these corridors are key to reworking India right into a defence manufacturing hub.
Moreover, the federal government has issued 5 Constructive Indigenisation Lists, protecting over 5,500 objects, of which 3,000 have already been indigenised. These embody main defence applied sciences like artillery weapons, assault rifles, corvettes, radars, LCHs, and transport plane, reflecting a robust push towards self-reliance in defence manufacturing
PSU Inventory Set to Acquire
1. HINDUSTAN AERONAUTICS
With an Order Guide of 1,89,300 Crores and a market capitalisation of Rs. 3,41,115 Crore, being the most important Defence firm listed in India, the corporate is India’s premier aerospace firm, producing fighter jets, helicopters, and avionics. It performs a key position in defence indigenisation with a robust order guide.
2. BHARAT ELECTRONICS
With an Order Guide of Rs. 71,650 Crores and a market capitalisation of Rs. 2,89,759 Crore, being the second largest Defence firm listed in India, the corporate is a PSU that develops superior digital merchandise corresponding to radars and communication techniques for the Indian defence forces and can enormously profit from the federal government’s push for self-reliance in defence know-how.
3. MAZAGON DOCK SHIPBUILDERS
With an Order guide of Rs. 32,000 Crore, and the expectation of it rising to Rs. 125,000 Crore with P-75 and P-75(I) submarine offers. The corporate has a Market capitalization of Rs. 1,35,055 Crore, which builds warships and submarines for the Indian Navy and is well-positioned to profit from the federal government’s give attention to strengthening indigenous defence manufacturing.
From its low of 5,025 on March 3, the Nifty India Defence Index surged to an all-time excessive of 9,195 on June 6, marking a exceptional achieve of 82.98 % in simply three months. The index additionally delivered a robust return of 21.84 % prior to now month alone. This sharp rally was largely pushed by heightened investor sentiment following Operation Sindoor, which introduced renewed focus to the defence sector.
Written By Abhishek Das
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