DPSUs Archives - Defence Monitor

27 Aug

GRSE to invest over Rs 2,600 crore in West Bengal to develop three shipbuilding facilities

Kolkata, Aug 23 (IANS) Public sector shipbuilder Garden Reach Shipbuilders and Engineers (GRSE) Limited will invest more than Rs 2,600 crore in West Bengal to develop and upgrade three shipbuilding facilities, its Chairman and Managing Director Commodore P.R. Hari (Retd.) said on Sunday. In an exclusive interaction with IANS, Hari said the company plans to invest around Rs 2,670 crore across three facilities in the state as part of its expansion programme. The investment will include the development of a new standalone shipyard at Raichak in South 24 Parganas district, where GRSE plans to build large vessels. The company will…

27 Aug

Govt okays transfer of DRDO’s missile tech to defence industry in Aatmanirbharta push

New Delhi, Aug 25 (IANS) In a significant step towards achieving the vision of 'Aatmanirbharta', Defence Minister Rajnath Singh has approved the transfer of DRDO-developed technologies of all conventional missile systems to the Indian defence industry for production within the country, according to an official statement issued on Tuesday. This transfer of technology marks an important milestone in promoting greater participation of domestic industries in the defence ecosystem by enabling them to undertake indigenous production, in accordance with the applicable qualifications, certifications and regulatory requirements. The provision will enable successful transition of missile system development to industrial production, reflecting the…

24 Jun

Bharat Dynamics bags Rs 1,348 crore order from HAL

New Delhi, June 24 (IANS) Bharat Dynamics has won an order worth Rs 1,347.71 crore from Hindustan Aeronautics Limited (HAL) for the manufacture of military hardware, including helicopter-mounted missile launchers, the defence PSU informed the stock exchanges on Wednesday. The order includes Helina Launchers and Line Replaceable Units (LRUs) worth Rs 1,109.37 crore and Counter Measures Dispensing System LRUs valued at Rs 238.34 crore. The contract will be executed in 24 to 60 months, Bharat Dynamics said in its filing with the stock exchanges. Helina (Helicopter-launched NAG) is an indigenous, third-generation "fire-and-forget" anti-tank guided missile (ATGM) developed by India's Defence…

04 May

BHEL posts 156 pc rise in net profit at Rs 1,290 crore in Q4FY26

New Delhi, May 4 (IANS) State-owned engineering company Bharat Heavy Electricals Ltd (BHEL) on Monday reported a massive jump in its consolidated net profit at Rs 1,290 crore for the March quarter of FY2026, led by robust growth in the power sector. Maharatna PSU firm reported a 156 per cent year-on-year increase in profit after tax (PAT), which stood at Rs 504.45 crore in the corresponding quarter of the previous financial year, according to the company’s regulatory filing. During the January–March quarter, revenue from operations rose 37 per cent year-on-year to Rs 12,310 crore from Rs 8,993 crore in the…

10 Nov

Rajnath Singh inaugurates new DPSU Bhavan, defence PSUs ink 3 major MoUs

New Delhi, Nov 10 (IANS) Defence Minister Rajnath Singh on Monday inaugurated the state-of-the-art DPSU Bhavan here and oversaw the signing of three major MoUs among defence public sector undertakings in a push to the spirit of collaboration and self-reliance. The minister also felicitated four defence PSUs for being granted Miniratna status. As part of the event, Hindustan Aeronautics Limited (HAL) and Bharat Dynamics Limited (BDL) signed MoUs with Yantra India Limited (YIL) to support its modernisation efforts and establish a 10,000-ton Forging Press facility, a crucial step towards reducing import dependence for aluminium alloys used in the defence and…

27 Aug

ISRO aces key Air Drop Test for Gaganyaan mission

New Delhi, Aug 25 (IANS) The Indian Space Research Organisation (ISRO) has successfully completed the Air Drop Test, a key milestone for advancing the Gaganyaan human spaceflight mission. The first Integrated Air Drop Test (IADT-01), conducted on Sunday at Satish Dhawan Space Centre (SDSC), Sriharikota, was a joint effort by the ISRO, Indian Air Force, DRDO, Indian Navy, and Indian Coast Guard. “ISRO successfully accomplishes first Integrated Air Drop Test (IADT-01) for end-to-end demonstration of parachute-based deceleration system for Gaganyaan missions,” the Indian space agency said, in a post on social media platform X. The test is part of "system…

18 Jul

MoS Sanjay Seth visits missile complex in Hyderabad, hails DRDO scientists

Hyderabad, July 18 (IANS) Minister of State (MoS) for Defence, Sanjay Seth, on Friday, commended the Defence Research and Development Organisation (DRDO) scientists for playing a crucial role in building "Aatmanirbhar Bharat" through realisation of state-of-the-art weapon systems, the Ministry of Defence said in an official statement. He exhorted the scientific community to continue strengthening the Armed Forces to face any challenges in the current scenario. The Union Minister visited the Dr. APJ Abdul Kalam Missile Complex at DRDO in Hyderabad. During his two-day visit, Union Minister Seth reviewed the Missiles and Weapon Systems programme being pursued by Defence Research…

16 May

BHEL posts 3 per cent rise in Q4 net profit at Rs 504.5 crore

New Delhi, May 16 (IANS) Public sector Maharatna company BHEL on Friday declared a net profit of Rs 504.45 crore for the January-March quarter of the financial year 2024-25, which represents a 3 per cent increase compared with the corresponding figure of Rs 489.6 crore in the same period of the previous year. Sequentially, the company's net profit surged nearly four-fold from Rs 135 crore in the December quarter. BHEL recorded a 9 per cent increase in revenue from operations to Rs 8,993 crore in the fourth quarter from Rs 8,260 crore in the same quarter last year. On a…

28 Mar

BHEL bags Rs 11,800 crore contract for thermal power plant in Chhattisgarh

New Delhi, March 28 (IANS) State-run Bharat Heavy Electricals Limited (BHEL) on Friday said it has secured a major contract worth Rs 11,800 crore from the Chhattisgarh State Power Generation Company (CSPGCL). The company announced in a stock exchange filing that it has received a Letter of Intent (LoI) for the engineering, procurement, and construction (EPC) package of the 2x660 MW Korba West Supercritical Thermal Power Plant (STTP). “BHEL has received the LOI for an engineering, procurement and construction (EPC) package of two 660 megawatt 'Supercritical' thermal power plants at Hasdeo Thermal Power Station, which is located in the Korba…

28 Feb

Arunachal: GRSE signs MoU with Army for delivery of Bailey Bridge to forward area

Kolkata, Feb 28 (IANS) Garden Reach Shipbuilders and Engineers (GRSE) Ltd, signed a Memorandum of Understanding (MoU) with the Indian Army for construction of a 130-feet long Single Lane Modular Bridge (70R) in Arunachal Pradesh. In 2022, GRSE earned the distinction of being the only Indian company to receive the Green Channel Certification for Portable Steel Bridges (Bailey Type) from the Indian Army. In the past, GRSE has delivered Modular Bridges to the Border Roads Organisation (BRO) and the National Highway Infrastructure Development Corporation Ltd (NHIDCL), apart from several state governments and friendly countries like Bangladesh, Bhutan, Nepal, Myanmar, and…