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The Defence Acquisition Council (DAC) has approved the purchase of defence equipment worth ₹54,000 crore, which will further strengthen the capabilities of the Indian Army, Air Force and Navy. The purchase of 1350 HP engines and Varunastra torpedoes has also been approved. The effect of this decision will be visible on the shares when the market opens on Friday morning, 21 March 2025.
Bharat Dynamics Ltd (BDL), Bharat Forge shares will be in focus.
Bharat Forge has accelerated the delivery of ATAGS guns, welcoming the government's move to speed up the defense procurement process. Bharat Forge has announced that it will complete the delivery of Advanced Towed Artillery Gun System (ATAGS) before the stipulated 5-year deadline. Along with this, the company has prepared to increase the production of ATAGS guns to 12 units per month. Features of ATAGS gun:- Made with more than 80% indigenous technology - ATAGS gun developed by Kalyani Strategic Systems has been prepared under the 'Make in India' initiative. Focus on increasing manufacturing - Target to increase production to 12 guns every month. A big step towards meeting the Defense Ministry's ₹ 3 lakh crore production target. Government's decision welcomed - Kalyani Strategic Systems has welcomed the government's move to speed up the defense acquisition process. The Defense Ministry has set a target of defense production of ₹ 3 lakh crore in 3-4 years. More approvals and faster decisions will help the defense industry achieve the target quickly. What approval was given to buy - 1350 HP Engine: New high-power engines will be purchased to increase the power of Indian Army tanks and other armored vehicles.
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