MoD accords high priority to indigenisation of SDR

Ministry of Defence (MoD) has fast-tracked the indigenisation of Software Defined Radios (SDRs) with country’s premier R&D institutions viz. Defence Research and Development Organisation (DRDO) and Indian Institute of Technology (IIT) Kanpur to fulfill the increasing demand by the Armed Forces across a broad spectrum of operations. The complete product life cycle management framework is necessary for security sensitive SDR technology and products. It involves indigenous self-sustainable design, development, manufacturing, testing/certification and maintenance ecosystem.

RattanIndia acquires majority stake in Throttle Aerospace Systems

RattanIndia Enterprises Ltd (REL) today announced that it is has acquired 60% shareholding in India’s leading drone company Throttle Aerospace Systems Private Limited (TAS). This investment in TAS has been done through NeoSky India Limited (NeoSky), a wholly owned subsidiary of RattanIndia Enterprises Limited. NeoSky is engaged in the business of drones.

MTAR Technologies reports a PAT of Rs. 19.8 crore

MTAR Technologies Ltd (“MTAR”), a leading precision engineering solutions company engaged in manufacturing and development of mission critical precision components with close tolerances and critical assemblies catering to nuclear, space, defense and clean energy sectors has announced its financial results for the fourth quarter and year ended 31st March, 2022.


QOQ Q4 FY 22 vs. Q3 FY 22


L&T Defence Order Book over 8000 cr

The Defence Engineering segment secured orders valued at ₹ 8,079 crore during the year ended March 31, 2022, representing substantial growth over the previous year with receipt of few large value domestic orders. No major export order received during the year. The segment recorded order inflow of ₹ 5,377 crore during the quarter ended March 31, 2022, registering a robust growth over the corresponding quarter of the previous year, with the booking of a large value order in the shipbuilding business unit.

MTAR gets approval from Board for acquisition of Gee Pee Aerospace

The Board of Directors of MTAR Technologies Ltd (“MTAR”) have approved the acquisition of shares of Gee Pee Aerospace & Defence Pvt. Ltd., an MSME Company for a consideration of Rs 8.82 Crs. The Management is currently in discussion with the shareholders of Gee Pee Aerospace & Defence Pvt. Ltd. on the terms and conditions. This acquisition is expected to provide a wide array of benefits under MSME category including the increased potential of entering into offset partnership with global OEMs as foreign partners get an offset credit of up to 1.5 multiple on Indian content.

Keel Laying at Titagarh for Navy

Keel laying for the first ship of Diving Support Craft (DSC) project was held on 27 Jan 22 in virtual presence of reps from the Indian Navy, at M/s Titagarh Wagons Ltd., Kolkata. The contract for procurement of Five Diving Support Crafts (Yards 325 to 329) for the Indian Navy was signed in Feb 21 with M/s Titagarh Wagons Ltd.