26 Dec, EOD - Indian

SENSEX 78472.48 (0.00)

Nifty 50 23750.2 (0.10)

Nifty Bank 51170.7 (-0.12)

Nifty IT 43664.25 (-0.01)

Nifty Midcap 100 57125.7 (0.12)

Nifty Next 50 69165.85 (0.45)

Nifty Pharma 22712.55 (0.68)

Nifty Smallcap 100 18728.65 (-0.02)

26 Dec, EOD - Global

NIKKEI 225 39568.06 (1.12)

HANG SENG 20098.29 (1.08)

S&P 6034.59 (-0.17)


Corporate News

You are Here : Home > News > Corporate News >

(04 Dec 2024, 10:14)

Defence Acquisition Council approves capital acquisition proposals worth Rs 21,772 cr


The Defence Acquisition Council (DAC) on 03 December 2024, accorded Acceptance of Necessity (AoN) for 05 capital acquisition proposals amounting to over Rs. 21,772 crore.

DAC granted Acceptance of Necessity (AoN) for the procurement of 31 New Water Jet Fast Attack Crafts (NWJFACs) for the Indian Navy. These are designed to perform the task of Low Intensity Maritime Operations, Surveillance, Patrol, and Search and Rescue (SAR) operations close to coast. In addition, these vessels will play an effective role in Anti-Piracy missions, especially in and around our Island territories.

DAC also accorded AoN for procurement of 120 Fast Interceptor Craft (FIC-1). These vessels are capable to perform multiple roles, including escorting High Value Units such as Aircraft Carriers, Destroyers, and Frigates, Submarines for coastal defence.

AoN for procurement of Electronic Warfare Suite (EWS) comprising External Airborne Self Protection Jammer pods, Next Generation Radar Warning Receiver and associated equipment for Su-30 MKI Aircraft was accorded by DAC. This system will enhance the operational capabilities of SU-30 MKI and protect it from enemy radars and related weapon system while carrying out a mission against enemy targets protected by Air Defence systems.

DAC accorded AoN for procurement of 06 Advanced Light Helicopters (ALH) M (MR) for Indian Coast Guard to strengthen the Coastal Security and Surveillance in the coastal areas.

It has also accorded approval for the overhaul of T-72 & T-90 tanks, BMP- and engines of Sukhoi fighter aircraft which will enhance the service life of these assets.


More News