Indian defence manufacturers surge on about $9 billion army contracts

Bharat Electronics

24/10/2025 05:32

**Shares of Indian defence manufacturers Bharat Dynamics BARA.NS, BEML BEML.NS, Garden Reach Shipbuilders and Engineers GRSE.NS, Cochin Shipyard COCH.NS, Paras Defence PRAF.NS, Bharat Electronics BAJE.NS, Mazagon Dock Shipbulders MAZG.NS and Mishra Dhatu MISR.NS rise between 0.78% to 2.72%.

** Nifty India Defence index .NIFTYINDDEFENCE rises 0.8% to 8,227.65 rupees

** Indian Defence Acquisition Council approved various army contracts totaling to an amount of 790 billion rupees ($8.99 billion)

** Ministry also unveils the new Defence Procurement Manual (DPM), focusing on simplifying regulatory processes

** The DAC approvals open up new opportunities for key domestic defence players like Bharat Electronics, Bharat Dynamics, GRSE, and others, says ICICI Direct Research

** YTD, Garden Reach Shipbuilders up 63%, Bharat Dynamics up 39%, BEML up 9%, Cochin Shipyard up 18.57%, Bharat Electronics up 43.89%

($1 = 87.8950 Indian rupees)

 (Reporting by Mridula Kumar)

 ((mridula.kumar@thomsonreuters.com))