Bofors balls were bought very expensive
Today ammunition is being made in the country itself, but when ammunition started falling short during the Kargil war, the government of that time had to buy expensive ammunition from many other countries. It is also said that during that time some friendly countries also took more money than the Government of India to give ammunition.
Preparation was already
The government is promoting production in the country itself and making the defense sector modern. It is expected that these PSU companies will earn good profits in the coming times, as well as strengthen the country on the security front. In an easy tone, the government is taking several steps to strengthen the defense sector. This will benefit companies like HAL, BEL, BDL, MDL and GRSE. According to a report by India Today, Antic Stock Broking has chosen five companies that have good development. These companies are: Hindustan Aeronautics Limited (HAL), Bharat Electronics Limited (BEL), Bharat Dynamics Limited (BDL), Majgaon Dock Shipbuilders Limited (MDL), and Garden Reach Shipbuilders and Engineers Limited (GRSE). These five companies are making five types of weapons for India, just as the bones of Maharishi Dadhichi were used to make Devraj Indra’s Vajra, Pinak Dhanush, Sarang Dhanush, and Gandiv bow. These bows and thunderbolt were used by the gods in war against the Asuras.
1. Hindustan Aeronautics Limited
Hindustan Aeronautics Limited (HAL) is a major aerospace company in India. HAL has orders worth Rs 94,000 crore by FY24. Meaning the company will continue to earn well for the next 3.2 years. HAL was going to get an order of Rs 26,000 crore for the 240 Aero engine for the SU-30 MKI aircraft. This will increase the order of HAL to Rs 1.2 lakh crore. HAL was also scheduled to receive orders from Alh (25), Luh (12), SU-30 (12), and RD-33 engines (80).
2. Majhgaon Dock Shipbuilders Limited
According to the report, Majgaon Dock Shipbuilders Limited (MDL) has the highest order in all three shipyards. As of 14 August 2024, MDL had orders worth Rs 40,400 crore. This includes large orders of P17A Stealth Frigate and P15B Distribution. MDL is about to deliver seven ships in the next two years. The government is focusing on strengthening the Navy, which will benefit MDL. New procurement proposals may increase MDL orders.
3. Garden Reach Shipbuilders and Engineers Limited
Garden Reach Shipbuilders and Engineers Limited (GRSE) currently have orders worth Rs 25,230 crore. In the June quarter, the company received new orders worth Rs 3,610 crore. GRSE is currently focusing on fulfilling its current order. This includes orders of the next generation of offshore patrol vessels. GRSE work is going on on time. It is expected that by FY26 and FY27, the company will get a large part of its order book. This will continue to develop the GRSE.
4. Bharat Electronics Limited
Bharat Electronics Limited (BEL) will also benefit. The government has recently approved the purchase of air defense fire control radar. BEL specializes in making such radars. BEL is a large company in the field of electronics and radar systems. It is an important part of the defense sector of India. BEL has good orders and is also strategically important. Therefore, the development of BEL will continue.
5. Bharat Dynamics Limited
Bharat Dynamics Limited (BDL) is a major company making ammunition and missile system. BDL will benefit from Future Ready Combat Vehicle (FRCV) project. BDL has good orders and is focusing on increasing its production capacity. This will allow BDL to meet the increasing demand for modern defense systems.