Latest news with #QR-SAM
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First Post
10-06-2025
- Business
- First Post
India plans ₹30,000 crore push to strengthen Army's air defence with QR-SAMs
India is set to consider a ₹30,000 crore plan to buy three regiments of indigenous QR-SAM systems for the Army, following Pakistan's failed drone and missile attacks during Operation Sindoor. The mobile missile system, developed by DRDO, is designed to shoot down enemy aircraft, drones, and helicopters within 30 km. read more Amid the backdrop of a series of failed Pakistani drone and missile attacks following India's Operation Sindoor, the Ministry of Defence is set to review a ₹30,000 crore proposal to procure three regiments of the indigenous Quick Reaction Surface-to-Air Missile (QR-SAM) system for the Army, The Times of India reported. Later this month, the Defence Acquisition Council, chaired by Rajnath Singh, is expected to consider granting the initial go-ahead (Acceptance of Necessity) for the purchase. The mobile QR-SAM system is designed to intercept enemy aircraft, helicopters and drones within a range of 25–30 km. STORY CONTINUES BELOW THIS AD The move comes in the wake of India's air defence network successfully intercepting Turkish-origin drones and Chinese missiles used by Pakistan during Operation Sindoor, which took place from 7 to 10 May. Developed by DRDO and tested over the past few years, the QR-SAM has proven effective under both day and night operational conditions. Bharat Electronics and Bharat Dynamics will jointly manufacture the system. 'The QR-SAM systems can operate while on the move, with search and track capability, and fire during short halts,' a source told TOI. 'They are tailor-made to move alongside tanks and infantry combat vehicles to provide them with air defence in the tactical battlefield.' The Army Air Defence (AAD), which performed strongly during Operation Sindoor, requires 11 regiments of the QR-SAM system. This is in addition to the ongoing induction of the indigenous Akash missile system, which currently has a 25 km interception range. The addition of QR-SAMs will bolster the existing multi-layered air defence network of both the Army and the Indian Air Force. This includes the long-range Russian S-400 'Triumf' missiles (range: 380 km), Barak-8 medium-range missiles developed in collaboration with Israel (range: 70 km), Russian Igla-S shoulder-fired missiles (range: 6 km), upgraded L-70 anti-aircraft guns (range: 3.5 km), and Indian-made drone detection and interdiction systems (range: 1–2 km). STORY CONTINUES BELOW THIS AD
Time of India
09-06-2025
- Business
- Time of India
Army to get new air defence boost with Rs 30,000 crore QR-SAM deal
NEW DELHI: The defence ministry will soon take up the case for a preliminary nod to a Rs 30,000 crore proposal to procure three regiments of the new indigenous quick reaction surface to air missile (QR-SAM) systems for the Army. Tired of too many ads? go ad free now The Rajnath Singh-led defence acquisitions council will consider granting acceptance of necessity (AoN) for the highly-mobile QR-SAM systems, which are designed to intercept hostile fighters, helicopters and drones at a range up to 25-30 km, later this month. The move comes soon after India's existing multi-layered air defence network played a crucial role in thwarting multiple waves of Turkish-origin drones and Chinese missiles launched by Pakistan during Operation Sindoor - the May 7-10 hostilities. The and the Army have over the last three-four years tested the QR-SAM systems against high-speed aerial targets mimicking various types of threats to evaluate their capability under different day and night operational scenarios. Defence PSUs Bharat Electronics and Bharat Dynamics will co-produce the QR-SAM systems. "The QR-SAM systems can operate on the move with search and track capability and fire at short halts. They are tailor-made to move along with tanks and infantry combat vehicles to provide them air defence in the tactical battlefield," an official said. The Army Air Defence (AAD), which performed exceedingly well during Operation Sindoor, in fact, requires 11 regiments of the QR-SAM, even as it progressively also inducts regiments of the indigenous Akash system, which has an interception range of about 25-km at present. Tired of too many ads? go ad free now The induction of the QR-SAM systems will add to the existing air defence network of the IAF and the Army, which ranges from the long-range Russian S-400 'Triumf' surface-to-air missile systems (380 km interception range) and Barak-8 medium range SAM systems (70 km), jointly developed with Israel, to the Russian shoulder-fired Igla-S missiles (6 km), the upgraded L-70 anti-aircraft guns (3.5 km) and the indigenous integrated drone detection and interdiction systems (1km-2 km). While the DRDO is also readying the very short-range air defence missile systems (VSHORADS), which have a 6 km interception range, the real game-changer will be an air defence system with a 350 km range being developed under the ambitious Project Kusha. India plans to operationally deploy this long-range system by 2028-2029, with the defence ministry in Sept 2023 approving the AoN for procurement of five of its squadrons for the IAF at a cost of Rs 21,700 crore, as was first reported by TOI. Also read:
Business Upturn
21-05-2025
- Business
- Business Upturn
Macquarie maintains ‘Outperform' call on BEL after Q4 results beat estimates, confident in FY26 margin expansion
By Markets Desk Published on May 21, 2025, 08:25 IST Macquarie has reiterated its 'Outperform' rating on Bharat Electronics Ltd (BEL) with a target price of ₹400, calling the Q4FY25 performance a strong finish to the year. The company's robust order book and margin expansion guidance have improved near-term visibility, despite a delay in the QR-SAM order. BEL reported an 18.4% YoY rise in net profit to ₹2,127 crore, with revenue up 6.8% to ₹9,149.6 crore. EBITDA surged 23.2% YoY to ₹2,816 crore, with margin expanding to 30.8% from 26.7%. Macquarie noted that EBITDA and PAT beat consensus estimates, driven by stronger operating leverage and cost control. FY26 margin guidance came in better than expected, and Macquarie sees BEL's past R&D and long-standing defence relationships as increasingly productive. Disclaimer: This article is based on the brokerage report by Macquarie. It does not constitute investment advice. Markets Desk at
Business Upturn
21-05-2025
- Business
- Business Upturn
Morgan Stanley maintains ‘Overweight' on BEL, lifts target to Rs 418 on long-term growth clarity
By Markets Desk Published on May 21, 2025, 08:26 IST Morgan Stanley has reiterated its 'Overweight' rating on Bharat Electronics Ltd (BEL), raising the target price to ₹418. The brokerage highlighted BEL's execution edge, supply chain resilience, and robust order pipeline as key strengths. In Q4FY25, BEL posted a 18.4% YoY growth in net profit, with margin improving to 30.8%. The company now targets 15–17.5% revenue CAGR over the next five years, followed by 20% growth thereafter. Morgan Stanley noted BEL's FY26 order inflow guidance at ₹27,000 crore (excluding QR-SAM), and expects the company's 27% margin target to be comfortably achievable given current operating leverage. Compared to capital goods peers, BEL offers more consistent earnings and superior RoE, the note added. Disclaimer: This article is based on the brokerage report by Morgan Stanley. It does not constitute investment advice. Markets Desk at
