Defence shares shall be in focus in Friday’s session (July 4, 2025) after the Defence Acquisition Council (DAC), beneath the chairmanship of Raksha Mantri Shri Rajnath Singh on July 03, 2025, accorded Acceptance of Necessity (AoN) for 10 capital acquisition proposals amounting to round Rs 1.05 lakh crore by indigenous sourcing.
The stated AoNs have been accorded for procurement of Armoured Restoration Automobiles, Digital Warfare System, Built-in Widespread Stock Administration System for the Tri-Companies and Floor-to-Air Missiles. These procurements will present greater mobility, efficient air defence, higher provide chain administration and increase the operational preparedness of the Armed Forces, stated the Ministry of Defence launch.
AoNs have been additionally accorded for procurement of Moored Mines, Mine Counter Measure Vessels, Tremendous Fast Gun Mount and Submersible Autonomous Vessels. These procurements will allow mitigation of potential dangers posed to the Naval and Service provider Vessels.
To supply additional push to indigenous design and growth, AoNs have been accorded beneath the Purchase (Indian-Indigenously Designed, Developed and Manufactured) class.
Defence shares to achieve traction
After a current traction, defence shares will once more achieve momentum as within the subsequent 15 days – main selections pertaining to the Indian Military and Navy shall be taken.
