Indonesia has entered into an agreement with India to procure the BrahMos missile system, according to the country’s defense ministry spokesperson Rico Ricardo Sirait, who spoke to Reuters. The development could have a positive impact on several Indian defense companies that supply key components for the missile system. Indian defense stocks such as Hindustan Aeronautics,…
Cochin Shipyard share price jumped over 7% in early trade on Tuesday after the company was declared L1 bidder by the Ministry of Defense for the construction of five Next Generation Survey Vessels (NGSV) for the Indian Navy. The PSU defense stock surged as much as 7.27% to ₹1,575.00 apiece on the BSE. The rally…
BEML, the state-run defense company, reported a consolidated net loss of ₹22.38 crore in the third quarter of FY26 as against a net profit of ₹24.41 crore in the year-ago period. The company’s consolidated revenue from operations in Q3FY26 increased 23.7% to ₹1,083.27 crore from ₹875.77, year-on-year (YoY). At the operational level, earnings before interest,…
Bharat Electronics (BEL), a Navratna public sector undertaking (PSU) under the Ministry of Defence, on Wednesday, January 7, announced that its board will meet later this month to consider the third quarter results for the fiscal year 2025-26 (Q3FY26). As per the exchange filing, BEL’s board is slated to meet on Wednesday, January 28. “We…
