Defence Psu News - Latest Updates & Headlines
Rajnath Singh okays Miniratna status for 3 defence PSUs
New Delhi, May 29: Defence Minister Rajnath Singh has approved the grant of ‘Miniratna’ status Category-I for the Munitions India Limited (MIL), the Armoured Vehicles Nigam Limited (AVNL), and India Optel Limited (IOL), an official statement said on Thursday.
Rajnath Singh approves Miniratna status to three Defence Public Sector Undertakings
New Delhi, May 29: Defence Minister Rajnath Singh has approved the grant of "Miniratna" status Category-I for Munitions India Limited (MIL), Armoured Vehicles Nigam Limited (AVNL) & India Optel Limited (IOL), the Ministry of Defence said in a press release.
BEL posts 18 pc jump in Q4 net profit at Rs 2,127 crore, declares dividend
New Delhi, May 19: Government-owned Navratna company Bharat Electronics Limited (BEL) on Monday reported an 18 per cent growth in net profit to Rs 2,127 crore for the January-March quarter of financial year 2024-25 compared with the corresponding figure of Rs 1,797 crore in the same period of the previous year.
GRSE registers massive growth in FY25
Kolkata, May 13: Garden Reach Shipbuilders and Engineers (GRSE) Ltd has registered massive growth in FY25, making it one of the best financial years in the Defence PSU's history.
HAL slams reports with malicious intentions after Advanced Light Helicopter crash in Gujarat
Bengaluru, April 11: Defence PSU Hindustan Aeronautics Ltd has said that speculative stories with malicious intentions have been written and published on various media platforms ever since the accident of the Advanced Light Helicopter (ALH) operated by the Indian Coast Guard crashed in January.
GRSE declares interim dividend after robust financial result in FY25
Kolkata, March 31: Garden Reach Shipbuilders and Engineers (GRSE) Ltd has declared an interim dividend at the rate of 89.5 per cent of paid-up share capital for FY25, as compared to 79 per cent in FY24. The shipbuilder, a PSU under the Ministry of Defence, has also coasted to a record annual turnover of Rs 4,750 crore (provisional and unaudited) in FY25, the highest in the company's 64-year history.
Despite supply chain woes, HAL registers revenue of Rs 30,400 crore in FY 2024-25
Bengaluru, March 31: Hindustan Aeronautics Limited (HAL) recorded a revenue of Rs 30,400 crores (provisional and unaudited) for the financial year that ended March 31, 2025, as against Rs 30,381 crores during the previous year.
BEL bags more defence orders worth Rs 577 crore
Bengaluru, March 6: Bharat Electronics Limited (BEL) has secured additional orders worth Rs 577 crore since the last disclosure on February 20 this year, the Navratna defence public sector undertaking said on Thursday.
HAL clocks 14 pc jump in Q3 net profit at Rs 1,440 crore
New Delhi, Feb 12: Government-owned Hindustan Aeronautics Ltd (HAL) on Wednesday reported a robust 14 per cent increase in consolidated net profit at Rs 1,440 crore for the October-December quarter of the current financial year compared to the corresponding figure of Rs 1,261 crore in the same period of 2023-24.