Defence stocks are likely to benefit from the ₹67,000 crore clearance by DAC

Here’s a concise breakdown of the ₹67,000 crore defence procurement approvals and the stocks likely to benefit, categorized by armed force:

🇮🇳 Indian Army

Proposal Approved:

• Thermal Imager-Based Driver Night Sight for Infantry Fighting Vehicles (IFVs)

Likely Beneficiary:

• Bharat Electronics Ltd (BEL)
  ➤ Supplies thermal imaging sights for BMP-1/2/2K and T-72 tanks.

⚓ Indian Navy

Proposals Approved:

1. Compact Autonomous Surface Craft
   • Likely Beneficiary: Sagar Defence Engineering (private player)
2. BrahMos Fire Control System and Launchers
   • Likely Beneficiaries:
     • Larsen & Toubro (L&T)
     • Godrej Aerospace
3. Upgradation of BARAK-1 Point Defence Missile Systems
   • Likely Beneficiaries:
     • BEL
     • Bharat Dynamics
     • Adani Defence

✈️ Indian Air Force

Proposals Approved:

1. Mountain Radar Procurement
   • Likely Beneficiaries:
     • BEL
     • Astra Microwave
2. Upgrade of SAKSHAM & SPYDER Weapon Systems (for IACCS integration)
   • Likely Beneficiary: BEL
3. MALE Drones Procurement (Medium Altitude Long Endurance)
   • Likely Beneficiaries:
     • Adani Defence
     • Tata Advanced Systems
     • BEL
     • Hindustan Aeronautics (HAL) (DRDO’s key partner)
     • L&T
4. Maintenance of S-400 Air Defence System
   • Likely Beneficiaries:
     • BEL
     • Bharat Dynamics
     • Other private partners

📉 Market Reaction So Far

• Nifty India Defence Index: ▼ 11% (last one month)
• BEL: ▼ 8%
• Bharat Dynamics: ▼ 18%

This procurement drive offers a potential rebound opportunity for defence sector stocks, especially as these orders convert into contracts in coming quarters.

Would you like a visual chart or table of the beneficiaries and their respective defence orders?