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India's defence sector a $138bn opportunity; HAL, BEL top buys: Nomura

Indias defence sector presents an ordering opportunity worth $138 billion between fiscal years 2023-24 (FY24) and FY32, said a latest note by Nomura, which has initiated coverage on two defence-related players - Hindustan Aeronautics (HAL) and Bharat Electronics (BEL) - with a buy rating. The research and broking house sees an upside potential of 28 per cent and 32 per cent, respectively in these two stocks from the current levels.
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Source: rediff.com

Defence Research and Development Organisation: Indigenously designed and manufactured modular bridge inducted into Indian Army

Indian Army has inducted a 46-metre modular bridge into its force, enhancing its engineers bridging capabilities. The bridge, designed by the Defence Research and Development Organisation (DRDO) and produced by Larsen & Toubro (L&T), is a mechanically-launched single-span assault bridge. The bridges are designed for quick deployment and retrieval, aligning with the fast-paced nature of mechanised operations.
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MoD signs contract with L&T for procurement of 41 indigenous Modular Bridges - New Delhi Times

In a major boost to indigenisation of defence equipment under Prime Minister Narendra Modi’s vision of ‘Aatmanirbhar Bharat’, Ministry of Defence has approved the proposal for indigenous manufacture of 41 sets of Modular Bridges for the Corps of Engineers of the Indian Army. These game-changing bridges have been designed and developed by Defence Research and…
Narendra Modi Larsen Toubro Aatmanirbhar Bharat Indian Army Corps Of Engineers The Indian Army Ministry Of Defence

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