DAC clears tri-services defence proposals worth ₹1.10 lakh crore
BusinessLine 1 hr ago·7 Sept 2026, 3:29 pm
The Defence Acquisition Council (DAC) has approved a major capital expenditure package for the tri-services, with the government clearing proposals worth ₹1.10 lakh crore. This significant financial commitment covers the routine overhaul and repair of 40 Su-30MKI fighter aircraft, alongside other critical defence projects. The move signals the government's continued focus on strengthening India's military capabilities through indigenous and imported hardware.
For investors, this approval is a positive indicator for the broader defence sector, as it reflects sustained government spending on modernization. While the specific impact on individual stocks depends on the project details, such large-scale approvals generally boost sentiment and visibility for defence companies. Market participants should monitor which specific manufacturers are awarded these contracts to gauge potential earnings growth.
Excerpt from BusinessLine
Several tri-Services proposals, including Chemical, Biological, Radiological and Nuclear (CBRN) Recce Vehicles, Advanced Light Helicopters (ALHs), Arudhra Radars, and the design, development and subsequent procurement of Marine Gas Turbines (MGTs), were cleared by the Defence Acquisition Council (DAC) on Monday. The…Read the original at BusinessLine
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