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  • L&T bags Rs 447 cr order from Defence Ministry Jan 22, 2013 03:48 PM IST

    L&T bags Rs 447 cr order from Defence Ministry

    Engineering major Larsen & Toubro today said it has bagged a Rs 447 crore contract from the Defence Ministry to supply 18 high speed interceptor boats for the Indian Coast Guard.

  • Rs 14,000 cr worth defence contracts Jan 21, 2013 06:07 PM IST

    Rs 14,000 cr worth defence contracts

    The local private military and aviation industry has got contracts worth over Rs 14,000 crore in the last few years, Defence Ministry said today. This was made possible by the offsets policy in the Defence Procurement Procedure, Secretary (Defence Production) R K Mathur told reporters here.

  • ABG Shipyard wins Rs 485cr vessel contract from Indian Navy Dec 12, 2012 05:43 PM IST

    ABG Shipyard wins Rs 485cr vessel contract from Indian Navy

    ABG Shipyard (ABL) said it has received a Rs 485-crore contract from the Defence Ministry for building a cadet training vessel for the Indian Navy.

  • Unexecuted order book currently at Rs 9500cr: ABG Shipyard Dec 12, 2012 02:00 PM IST

    Unexecuted order book currently at Rs 9500cr: ABG Shipyard

    The company has just announced that they have got a repeat order from the defence ministry worth Rs 485 crore to build a cadet training vessel for the Navy. Dhananjay Datar, CFO, ABG Shipyard spoke to CNBC-TV18 regarding the repeat order and why it is prestigious."

  • ABG Shipyard bags Rs 485 cr order from Navy Dec 12, 2012 12:43 PM IST

    ABG Shipyard bags Rs 485 cr order from Navy

    Private sector ship-builder ABG Shipyard today said it has bagged a Rs 485 crore order to build a cadet training vessel for the Navy. The order from the Defence Ministry to build the 110-meter vessel capable of carrying a light helicopter and achieving a top speed of 20 knots, is a repeat one, the company said in a statement issued here.

  • Disinvestment proposal of 10% before Cabinet on Nov 8 Nov 07, 2012 09:02 PM IST

    Disinvestment proposal of 10% before Cabinet on Nov 8

    A proposal for disinvestment of 10 per cent of government equity in the country's only state-owned aerospace firm Hindustan Aeronautics Limited is likely to considered by the Union Cabinet on November 8.

  • Defence Ministry to cancel DRDO's Tatra truck order Sep 17, 2012 10:43 AM IST

    Defence Ministry to cancel DRDO's Tatra truck order

    The Defence Ministry is planning to cancel the BEML order, worth over Rs 50 lakh, given to UK-based Tatra Sipox for supplying one truck, in the wake of the CBI probe into the allegations of irregularities in the supply of these vehicles.

  • CAG raps HAL for Rs 43 crore excess payment as incentives Sep 04, 2012 06:04 PM IST

    CAG raps HAL for Rs 43 crore excess payment as incentives

    CAG today pulled up Defence PSU Hindustan Aeronautics Limited (HAL) for excess payment of Rs 43 crore as incentives to its management in 2009-10 by adopting an "illogical" method of calculating the profits of the company.

  • Def ministry clears acquisition proposals worth Rs 20K cr Jun 22, 2012 07:36 PM IST

    Def ministry clears acquisition proposals worth Rs 20K cr

    The defence ministry today cleared several acquisition projects of the armed forces worth over Rs 20,000 crore including regiments of Quick Reaction Surface to Air Missiles (QRSAMs) for the Army.

  • Defence ministry to consider proposals worth Rs 20,000 cr Jun 21, 2012 09:00 PM IST

    Defence ministry to consider proposals worth Rs 20,000 cr

    The Defence Ministry will consider proposals worth over Rs 20,000 crore in a meeting tomorrow to decide on critical equipment such as air defence missiles for the army.

  • BEML chief suspended by Def Min to ensure fair CBI probe Jun 11, 2012 03:32 PM IST

    BEML chief suspended by Def Min to ensure fair CBI probe

    VRS Natarajan, CMD of the government-run BEML, was today suspended by the Defence Ministry on a CBI recommendation to ensure fair investigation against him in the controversial Tatra truck deal and other cases.

  • I will come out clean, says suspended BEML chairman Jun 11, 2012 03:05 PM IST

    I will come out clean, says suspended BEML chairman

    Suspended BEML Chairman and Managing Director V R S Natarajan today said he respected the government's decision and maintained he would come out clean.

  • BEML chief suspended by Defence Ministry Jun 11, 2012 01:36 PM IST

    BEML chief suspended by Defence Ministry

    BEML Chief V R S Natarajan was today suspended by the Defence Ministry in connection with the Tatra case on a CBI recommendation after former Army Chief Gen V K Singh levelled allegations that he was offered Rs 14 crore bribe to clear a deal for 600 trucks.

  • Explanation sought from BEML chief on notice to V K Singh Jun 06, 2012 05:36 PM IST

    Explanation sought from BEML chief on notice to V K Singh

    The defence ministry on Wedneday sought an explanation from BEML chief VRS Natarajan for serving a legal notice on former Army Chief Gen VK Singh demanding an apology for his alleged defamatory statements against the defence PSU on the Tatra truck issue

  • No clean chit to former Maha CMs in Adarsh: opposition Apr 19, 2012 09:00 PM IST

    No clean chit to former Maha CMs in Adarsh: opposition

    Leader of opposition in the Maharashtra Legislative Assembly, Eknath Khadse (BJP), today said that Adarsh Commission's report had not given a clean chit to the former Chief Ministers in the scam, and the ownership of the land was never an issue.

  • India defers long-range missile launch Apr 18, 2012 08:22 PM IST

    India defers long-range missile launch

    India on Wednesday postponed the launch of its first long-range missile capable of reaching deep inside China and Europe due to bad weather, a government official said.

  • India set to test new Agni V rocket next week Apr 13, 2012 07:32 PM IST

    India set to test new Agni V rocket next week

    India is within days of test-firing a long-range rocket capable of reaching deep into Asia and Europe, a move that would bring the emerging power into a small club of nations with intercontinental defence capabilities.

  • Par Panel quizzes govt, army on troop movement Apr 04, 2012 09:39 PM IST

    Par Panel quizzes govt, army on troop movement

    The movement of two army units towards Delhi and the leaked letter of General V K Singh came under close scrutiny of a Parliamentary Committee as top officials of the Defence Ministry and the Army appeared before it.

  • BJP asks PM to restore balance between defence min & army Apr 04, 2012 06:36 PM IST

    BJP asks PM to restore balance between defence min & army

    Striking a balanced note, BJP today said it was "assured" by clarifications from the Army and government on reports of troop movement to the capital but insisted that the Prime Minister should proactively restore the equilibrium between the Defence Ministry and armed forces.

  • CBI seeks sanction to prosecute BEML chief Apr 03, 2012 09:00 PM IST

    CBI seeks sanction to prosecute BEML chief

    The CBI has sought sanction of the Defence Ministry to probe BEML chief V R S Natarajan in some complaints in which preliminary inquiry has been registered by it. However, no no sanction has been sought for a probe against him in the Tatra supply deal, agency sources said.

  • MoD official killed self after strangulating wife: Police Apr 03, 2012 08:00 PM IST

    MoD official killed self after strangulating wife: Police

    Investigations into the mysterious twin deaths of a Defence Ministry official and his wife have led police to believe he commited suicide after allegedly murdering her over possible financial constraints and it ruled out any work pressure behind the incident.

  • Govt's letter asks for change in Gen VK Singh's DoB Jan 29, 2012 03:40 PM IST

    Govt's letter asks for change in Gen VK Singh's DoB

    The Defence Ministry has written a letter to the Army Adjutant General's branch, advising change in Army Chief Gen VK Singh's date of birth record.

  • Combat aircraft deal winner to be finalised in six weeks Nov 04, 2011 07:36 PM IST

    Combat aircraft deal winner to be finalised in six weeks

    The multi-billion dollar deal to procure 126 combat aircraft for the Indian Air Force (IAF) entered its last phase today with Defence Ministry opening commercial bids of the two European contenders to determine the lowest bidder, a process that is expected to take six to eight weeks.

  • Defence Min gives clean chit for JV; Pipavav up 4.3% Oct 10, 2011 09:24 AM IST

    Defence Min gives clean chit for JV; Pipavav up 4.3%

    Pipavav Defence and Offshore Engineering Company touched an intraday high of Rs 83.70 and an intraday low of Rs 81.50. At 09:22 hrs the share was quoting at Rs 82.90, up Rs 3.45, or 4.34%. Defence ministry gave clean chit to Mazagon for JV with Pipavav Defence and Offshore, reports The Economic Times.

  • Defence ministry hit by fresh land scam Oct 03, 2011 05:28 PM IST

    Defence ministry hit by fresh land scam

    The Defence Ministry has been hit by a fresh land scam with an in-house inquiry finding that about 70 "adhoc NoCs" were issued to private realtors flouting norms for defence land which included the Srinagar air base.

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