Wed, Jul 27, 2022
Defence companies’ shares surged up to 6% on the BSE intraday on July 27 as the Defence Acquisition Council (DAC), headed by Defence Minister Rajnath Singh, approved arms procurement proposals worth Rs 28,732 crore.
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The Defence Ministry on July 26 approved the procurement of military equipment and weapons, which included swarm drones, carbines and bulletproof jackets, an official press statement said.
Mon, Jun 06, 2022
DAC on Monday accorded Acceptance of Necessity (AoN) for Capital Acquisition Proposals of the Armed Forces amounting to Rs 76,390 crore.
Mon, Apr 03, 2017
The equipment is being procured as a repeat order with 'buy global' categorisation at a cost of approximately Rs 311 crore.
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