Page 3 - Defence Firms
Indian defence firms seek protection from exchange rate variation
India's private defence firms had last campaigned for ERV protection after being bruised by the rupee's fall from Rs 44 a dollar in October 2010 to below Rs 56 just a few months later
 "Indian defence firms seek protection from exchange rate variation")
Bharat Electronics rallies 5% post Q1 results, strong order book position
With the healthy order book at Rs 55,333 crore, strong pipeline of orders and better margin profile, BEL is well placed to grow its earnings in double digits in the next couple of years, analyst say.
 "Bharat Electronics rallies 5% post Q1 results, strong order book position")
6 of 7 defence firms carved out of OFB report profits in first six months
Six out of the seven defence companies, which were carved out of the Ordnance Factory Board (OFB), have reported provisional profits during the initial six months, according to the defence ministry.
 "6 of 7 defence firms carved out of OFB report profits in first six months")
Rajnath invites US defence cos to invest in India, support 'Make in India'
India, he said, is working with the US to double up capabilities across conventional and emerging defense domains.
 "Rajnath invites US defence cos to invest in India, support 'Make in India'")
India's defence equipment sector offers significant new opportunities
Though there are some unknowns, Street action suggests big upside
Saudi Arabia signs deals worth $2.13 bn with local, foreign defence firms
Saudi Arabia has inked 22 deals of $2.13 billion worth with local and foreign defence companies at the ongoing World Defense Show in Riyadh, the Saudi Press Agency (SPA) reported on Monday
 "Saudi Arabia signs deals worth $2.13 bn with local, foreign defence firms")
Over 1,000 defence companies to participate in DefExpo next month
Over 1,000 companies, including more than 100 global firms, are expected to participate in the 12th edition of the DefExpo in Gujarat next month, officials said on Wednesday
 "Over 1,000 defence companies to participate in DefExpo next month")
Bharat Dynamics zooms 10% on inking Rs 3,132 cr contract with Indian Army
With this contract, the company's order book position stands at Rs 11,400 crore (net), BDL said in an exchange filing.
 "Bharat Dynamics zooms 10% on inking Rs 3,132 cr contract with Indian Army")
Manila to acquire BrahMos cruise missiles for $375 million
Contract for over 24 missiles marks India's largest-ever weapons export
 "Manila to acquire BrahMos cruise missiles for $375 million")
Will provide financial support to 7 new defence cos if required: Rajnath
The defence ministry said the companies commenced work on October 1.
Private defence firms pitch their skills to senior military brass
Two private firms explained to the student officers, all of them of general rank, about how their companies were capable of contributing to self-reliance in the linked fields of aerospace and defence
 "Private defence firms pitch their skills to senior military brass")
Paras Defence IPO to open on Sep 21; sets price band at Rs 165-175/share
Paras Defence and Space Technologies on Thursday said it has fixed a price band of Rs 165-175 a share for its Rs 171-crore initial share sale.
 "Paras Defence IPO to open on Sep 21; sets price band at Rs 165-175/share")
Export, border infrastructure among key defence reforms in 2020
Atmanirbhar Bharat, Covid fight also on Rajnath's list of 20 key upgrades
 "Export, border infrastructure among key defence reforms in 2020")
Zeus Numerix: This MSME is working to make warships invisible to radar
Pune-based Zeus Numerix's software simulation earlier helped integrate BrahMos missile with Sukhoi-30MKI
 "Zeus Numerix: This MSME is working to make warships invisible to radar")
Tata Motors completes transfer of defence biz to TASL for Rs 227.7 cr
Tata Motors on Thursday said it has completed the transfer of its defence business with effect from April 1 to Tata Advanced Systems Ltd (TASL) for an upfront consideration of Rs 227.7 crore.
 "Tata Motors completes transfer of defence biz to TASL for Rs 227.7 cr")
HAL stock takes flight on robust order book, indigenisation focus
The over Rs 47,000 cr light combat aircraft order has boosted growth prospects, while valuation remains reasonable
 "HAL stock takes flight on robust order book, indigenisation focus")
Hindustan Aeronautics soars 14% on $6 billion government defence deal
The government said it would buy 83 fighter aircraft from the company for over $6 billion in the biggest defence deal for a homegrown company
 "Hindustan Aeronautics soars 14% on $6 billion government defence deal")
Homegrown firepower: Deadly Pinaka rocket gives Army cross-border options
The Enhanced Pinaka has demonstrated twice that range and an ability to strike within 10 metres of where it is aimed
 "Homegrown firepower: Deadly Pinaka rocket gives Army cross-border options")
India invites Israeli companies to meet $130 billion weapons need
Defence ministry sets target of 70 per cent self-reliance in weaponry by 2027
 "India invites Israeli companies to meet $130 billion weapons need")
Hunter Douglas, Siddhartha Logistics partner with Dassault's Rafale project
While Hunter Douglas India installed the metal ceiling at the aircraft's service hanger, Siddhartha Logistics Pvt Ltd holds the inventories of individual parts at its modern warehouse
 "Hunter Douglas, Siddhartha Logistics partner with Dassault's Rafale project")
