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In a big push towards Make-in-India in the defence sector, Defence Ministry on Thursday approved proposals worth Rs 70,500 crore for buying different weapon systems for the Indian defence forces.

The stocks gained investor attention after the government signed contracts with HAL and L&T for procurement of 70 HTT-40 Basic Trainer Aircraft & three Cadet Training Ships, respectively

The Ministry of Defence has signed agreements, worth Rs 9,900 crore, with Hindustan Aeronautics Limited (HAL) and Larsen & Toubro (L&T) for the procurement of 70 HTT-40 basic trainer aircraft and three cadet training ships, respectively.

Get latest articles and stories on Business at LatestLY. The statement of the ministry, released on Tuesday, said the signing was done in the presence of Defence Minister Rajnath Singh in New Delhi. Defence Secretary Giridhar Aramane along with other officials of the ministry and representatives of HAL and Larsen and Toubro were also present during the signing. Business News | Govt Signs Contracts Worth Rs 9,900 Cr with HAL, L&T.

Ministry of Defence, signed contracts with Hindustan Aeronautics Ltd and L&T for procurement of 70 HTT-40 Basic Trainer Aircraft & three Cadet Training Ships respectively in the presence of Raksha Mantri Shri Rajnath Singh in New Delhi.

The Union Cabinet has accorded approval to sign a contract with engineering and construction conglomerate Larsen & Toubro Limited (L&T) for the acquisition of three cadet training ships at an overall cost of Rs 3,108.09 crore. The delivery of ships is anticipated to begin in 2026, according to a statement released by the Defence Ministry on Wednesday.

The Union Cabinet on Wednesday approved signing of a contract with Larsen & Toubro Ltd (L&T) for acquisition of three cadet training ships, at an overall cost of Rs 3,108.09 crore, under Buy (Indian-IDDM (Indigenously Designed, ...

The ships will be indigenously designed, developed and constructed at the L&T shipyard in Kattupalli, Chennai.

Acquisition planned under Buy Indian - IDDM category at estimated cost of Rs 700 Crore, , indian army, Drone Swarms, A-SADS, Buy Indian - IDDM

THE ‘Make in India’ programme in the defence sector is on the right track, with the share of imports in the overall acquisition of military equipment gradually declining in recent years. Though India is the largest importer of weapons and military equipment in the world, according to the