KOLKATA/NEW DELHI: In a boost to the country’s naval power, PM Narendra Modi on Sunday commissioned two indigenous frontline warships – advanced stealth frigate INS Dunagiri and anti-submarine shallow water craft INS Agray – and one large survey vessel, INS Sanshodhak, into the Indian Navy in Kolkata, saying that the country “does not want to…
The hovercraft has a payload capacity of 8 tonnes, a maximum speed of 45 knots, a cruising speed of 35 knots, can carry up to 42 personnel and has an operational endurance of nine hours Panaji: In a milestone for India’s defence manufacturing sector, Chowgule Shipyards on Thursday delivered the country’s first indigenously built Air…
Hyderabad: Sigma Advanced Systems on Monday said it has bagged an export contract worth US$21.97 million (nearly Rs 208 crore) to manufacture and supply 40,000 units of 155 mm M107 artillery shell bodies for a customer in North America.The Hyderabad-based company said the order has to be executed over a period of six months, with…
Times News NetworkKanpur: Gliders India Limited (GIL), a city-based defence public sector undertaking, showcased its products at the Indian Defence Industry Equipment Exhibition organised under Exercise Pragati-I 2026, a major defence event that commenced in Umroi (Shillong), Meghalaya.The exhibition highlighted India’s indigenous military equipment and innovations under the Atma Nirbhar Bharat (Self-Reliant India) initiative before…
Hyderabad: VEM Technologies Private Ltd, a Hyderabad-based aerospace and defence player, has secured a growth capital investment of Rs 185 crore from InCred Alternative Investments, marking a fresh private equity bet on India’s expanding indigenous defence manufacturing sector.The investment was made through InCred Growth Partners Fund-I and InCred Growth Partners Fund-II and consists of primary…
Solar Industries makes industrial explosives used in mining and infrastructure projects. Over the last few years, however, the company has quietly transformed itself into something much larger: a serious defence manufacturing player with growing international exposure. Between FY21 and FY25, earnings per share (EPS) grew from Rs 31.9 to Rs 142.5, a CAGR of roughly…
