Defence PSUs

GRSE and Rolls Royce Solutions will cooperate to manufacture under licence the technologically advanced MTU S4000 marine engines

Defence PSU Garden Reach Shipbuilders and Engineers (GRSE) Ltd has signed a memorandum of understanding (MoU) with Rolls Royce Solutions of Germany for manufacture of high-quality marine diesel engines at the former's plant in Ranchi, an official said here on Saturday. The Indian Navy's Chief of Material Vice Admiral Sandeep Naithani was present at the signing of the MoU, he said. "The MoU deals with transfer of technology related to engine assembly, painting, parts sourcing and after-sales service for these engines that are to be assembled at GRSE's Diesel Engine Plant in Ranchi," the company official said in a statement. It will provide a great opportunity to local industry, particularly micro, small and medium enterprises involved in the manufacture of components and spares, he said. "Under the agreement, GRSE and Rolls Royce Solutions will co-operate in the licence production and localisation of the technologically advanced MTU S4000 governmental marine engines," the GRSE offic

The Defence Public Sector Undertakings (DPSUs) said on Friday that the 72 out of 214 items have been indigenised by the DPSUs well before their original indigenisation timeline.

Bulge-bracket investment banks (i-banks) are getting picky about initial public offerings (IPOs) amid a growing list of companies aspiring to go public

Defence PSU Garden Reach Shipbuilders and Engineers Ltd is making seven vessels for foreign countries, out of the 23 ships that are in the different stages of construction, its chairman and managing director Commodore (retd) P R Hari said. GRSE, which had bagged the prestigious Rs 19,294-crore order for the construction of three advanced stealth frigates under Project 17A for the Indian Navy, has already launched two of these ships and the construction of the third one is in full swing. "Of the 23 ships being developed by GRSE, seven are for foreign countries," Hari told PTI. The Kolkata-based warship maker is constructing six patrol boats for Bangladesh and an ocean-going passenger and cargo ferry vessel for Cooperative Republic of Guyana, he said. After having launched P17A advanced frigate INS Himgiri and large survey vessel INS Sandhayak, GRSE is doing outfitting work on these ships at its FOJ (fitting out jetty) unit before handing these over to the Indian Navy, Hari said. Th

PM Narendra Modi has launched the seven new defence PSUs carved out of the Ordnance Factory Board. In an interview with Business Standard, defence expert Ajai Shukla explains what will change

The OFB is currently a defence ministry entity and supplies critical arms and ammunition to the three armed forces and the paramilitary

Bharat Dynamics Limited (BDL), a Hyderabad based Defence Public Sector Undertaking on Monday had paid an interim dividend of Rs 92.008 crore to the government of India.According to the official release, BDL declared payment of interim dividend for the financial year 2020-21 at Rs 6.70 a share of the face value of Rs 10 each. The interim dividend declared by the firm works out to 67 per cent of the paid up share capital of Rs 183.28 crore.Commodore Siddharth Mishra (Retd), Chairman and Managing Director, BDL handed over the cheque for Rs 92.008 Crore, being the interim dividend pertaining to the Government of India shareholding in BDL, to Defence Minister Rajnath Singh at New Delhi on Monday.Raj Kumar, Secretary (Defence Production), Anurag Bajpai, Joint Secretary (P & C) from Ministry of Defence and Commodore TN Kaul (Retd), Executive Director (Mktg) and Colonel Ravi Prakash (Retd), Deputy General Manager (Liaison) from BDL were present on the occasion.

The government has already invited preliminary bids to sell its 26 per cent stake in BEML along with transfer of management control

The government on Sunday invited preliminary bids for strategic sale of 26 per cent stake along with transfer of management control in defence PSU BEML

Gen Bipin Rawat called for revamping India's defence public sector undertakings and ordnance factories with a focus on improving their work culture and enhancing quality control

The debt-free status is positive; robust order book and execution will drive earnings

Close on HAL's heels is Bharat Electronics, with orders in hand worth Rs 56,300 crore

The ministry has decided that, in the name of indigenisation, it is paying unreasonably more for such equipment

Underlining the government's priorities for indigenous production, Sitharaman said its thrust has been on IDDM (Indian Designed, Developed and Manufactured)