Latest news with #QRSAM
India.com
4 days ago
- India.com
Pakistan, China shaking with fear as India to get this new missile soon, its name is..., capable of...
Pakistan, China shaking with fear as India to get this new missile soon, its name is…, capable of… QRSAM Missile System: In view of the recent escalation of conflict between India and Pakistan and the ongoing tensions with China, the Indian government is focusing on strengthening the country's air defence system. The Defence Ministry, in the coming months, will present a crucial proposal to the Defence Acquisition Council (DAC), in which there is a plan to include the Quick Reaction Surface-to-Air Missile (QRSAM) system. This missile system will play a significant role in strengthening the security of the country's borders. The recent conflict with Pakistan has shown the importance of a powerful air defence system, where India's S-400 detected and destroyed Pakistan's suicide drones and missiles. Let's know more. As per reports, the Indian Defence Ministry is planning to purchase as many as three regiments of QRSAM missiles with an estimated cost of Rs 30,000 crore. These missiles will be deployed in the western and northern borders. The proposal will be placed for approval in the DAC meeting to be held in the last week of June 2025. QRSAM Missile Quick Reaction Surface-to-Air Missile is capable of detecting and destroying enemy's aircraft, drones and missiles, specially those flying at high speeds. Developed by DRDO in collaboration with Bharat Electronics Limited (BEL) and Bharat Dynamics Limited (BDL), this missile system will be a game changer in safeguarding India's borders from air strikes. QRSAM Missile Features The missile's speed is up to 6000 km per hour. Apart from this, its range is from 3 to 30 kms. Also, its height ranges from 98 feet to 33,000 feet. This missile system will work with India's existing MRSAM and Akash systems, further strengthening security against enemy's aerial threats. Deployment Of QRSAM India's air defence capabilities will be significantly enhanced by the QRSAM system, improving its alertness, accuracy, and overall effectiveness. This system is expected to be crucial in deterring future air attacks and intrusions.
South China Morning Post
14-06-2025
- Business
- South China Morning Post
India on path to weapons self-sufficiency but still lags behind China: experts
As India embarks on its path to self-sufficiency in modern weapons production to shore up its defence clout, its military inventory may have already surpassed arch rival Pakistan's, but still lags behind China. The drive is marked by New Delhi's latest bid to acquire the Rs 30,000 crore (US$3.6 billion) Indigenous Quick Reaction Surface-to-Air Missile (QRSAM) system, after it fended off Turkish-origin drones and Chinese-made missiles launched by Pakistan last month at the height of clashes. The proposal for three QRSAM regiments is expected to be reviewed by the Ministry of Defence in a coming meeting of the defence acquisition council set for later this month, according to Indian news agency ANI. Foreign-affairs specialist Robinder Sachdev, founder and president of Delhi-based think tank Imagindia Institute, says the QRSAM system is a critical addition to India's layered air defence network, developed indigenously by the Defence Research and Development Organisation. 'Following the waves of Turkish Bayraktar TB2 drones and Chinese-origin Wing Loong-II UCAVs deployed by Pakistan, India is investing in capabilities that offer rapid mobility, autonomous response, and indigenous sustainability,' Sachdev said. India's defence procurement now centred on indigenisation, Sachdev said, adding it was estimated that in the financial year 2024–25, more than 65 per cent of defence capital procurement contracts were awarded to domestic vendors.
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Business Standard
13-06-2025
- Business
- Business Standard
Defence stocks HAL, BDL, BEL gain up to 3% in weak market; here's why
Share price movement of defence companies today Shares of defence companies were trading higher by up to 3 per cent on the National Stock Exchange (NSE) in Friday's intra-day trade in an otherwise weak market amid escalating Israel-Iran tensions. Hindustan Aeronautics (HAL), Bharat Dynamics (BDL), Bharat Electronics (BEL), Astra Microwave Products, Zen Technologies, Paras Defence and Space Technologies, Unimech Aerospace and Manufacturing and DCX Systems from the Nifty India Defence index up gained in the range of 1 per cent to 3 per cent. At 09:30 AM; Nifty India Defence index, the sole gainer among sectoral indices, was up 0.6 per cent, as against a 1.1 per cent decline in the Nifty 50. What's driving defence stocks today? In the early hours of Friday, Israel targeted Iran's capital, Tehran, by launching a 'preemptive strike', Defence Minister Israel Katz announced. Explosions were heard across Tehran on Friday morning. Israel's Prime Minister Benjamin Netanyahu, in a video message, said, 'Moments ago, Israel launched Operation Rising Lion, a targeted military operation to roll back the Iranian threat to Israel's very survival. This operation will continue for as many days as it takes to remove this threat.' Defence sector outlook Defence Secretary Rajesh Kumar Singh on Wednesday has said that contracts worth around ₹2 trillion are expected to be signed in FY26, aiming to match FY25's record contract value of ₹2.09 trillion. Of the 193 contracts signed in FY25, 92 per cent were awarded to Indian firms, reaffirming self-reliance and its preference for domestic manufacturing. Singh emphasized that imports should be rare, with technology transfer and Indian production being the norm - even for foreign OEMs seeking Indian contracts. Meanwhile, according to media reports, the Indian Army is set to receive a significant boost with the Defence Ministry expected to soon clear a ₹30,000 crore proposal for the acquisition of three regiments of the indigenous Quick Reaction Surface-to-Air Missile (QRSAM) system. The Defence Acquisition Council is expected to take up the proposal by late June. Developed by BDL and BEL in accordance with the Defence Research and Development Organisation (DRDO), the Quick Reaction Surface-to-Air Missile (QRSAM) is a highly mobile air defence system capable of tracking and engaging targets while on the move or during short halts. With a range of approximately 30 km, it will complement existing systems like Akash and Medium Range Surface to Air Missile (MRSAM) for short to medium-range threats. Defence companies continued to benefit from the government's push on the indigenization while the geopolitical events during the quarter led to Emergency Procurement from government which will lead to additional orders for the defence companies. In terms of aggregate order backlog of PSUs, ₹3.6 trillion crore worth of contracts are in place (4.5x FY25 revenues), giving healthy growth visibility. The order outlook here onwards remains strong as ICICI Securities believe the sector is expected to thrive in the coming years due to faster acquisition processes, greater indigenization, and advanced indigenous systems. Defense exports hit a record ₹23,600 crore in FY25, with strong traction in Europe amid rising budgets. Indian firms are scaling in next-gen domains like AI, drones, & cyber defense, enhancing long-term growth visibility. Despite near-term execution risks, structural tailwinds-indigenization, policy push, & global demand remain intact.
Economic Times
11-06-2025
- Business
- Economic Times
HAL, BEL, Mazagon Dock among Antique's top defence picks as Rs 16 trillion order pipeline boosts outlook
Hindustan Aeronautics Ltd Bharat Electronics Live Events Mazagon Dock PTC Industries Sector Tailwinds: Orders, capex and indigenisation (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Riding on the back of India's massive Rs 16 trillion domestic defence procurement pipeline and an accelerated push for indigenisation, Hindustan Aeronautics HAL ), Bharat Electronics (BEL), and Mazagon Dock Shipbuilders have emerged as top stock picks in Antique Stock Broking's latest sector brokerage sees these state-run giants as best positioned to capitalise on the strong order inflows and expanding manufacturing capacities amid India's intensified focus on defence self-reliance and remained bullish on HAL, highlighting its dominant position in the defence aerospace segment and a strong revenue outlook linked to modernisation plans by the Indian Air Force (IAF). The brokerage pointed to the opportunity for over 300 new aircraft orders over the next 10–15 years, including Tejas Mk-1A, Mk-II, and the fifth-generation AMCA execution capacity, which had been constrained by delays in engine supply from GE, is expected to improve significantly. 'GE has delivered the first engine to HAL in the first quarter of FY26 and is expected to deliver 12 more in FY26,' the brokerage said, adding that 'consistent supply from GE can lead to IAF placing an incremental order for 97 Tejas Mk-1A aircrafts.'Antique values HAL at 40x FY27 estimated EPS, with a target price of Rs 6,545, up from its current market price of Rs 5, Electronics Ltd (BEL), a long-time leader in defence electronics, is another preferred play. 'BEL is in a sweet spot given the sharp increase in spending on missile systems like QRSAM and MRSAM where BEL will act as a system integrator,' Antique said.A Rs 300 billion QRSAM order is expected to be finalised in the fourth quarter of FY26, with an additional Rs 270 billion in orders also expected, potentially taking total inflows beyond Rs 570 billion in FY26 alone. To support this, BEL is planning an annual capex of Rs 7–8 billion over the next 3–4 brokerage maintained a 'buy' with a price target of Rs 422, valuing BEL at 45x FY27 estimated Dock Shipbuilders has been highlighted as a key beneficiary of India's naval expansion, given its unmatched capability in building both submarines and large surface warships. A fresh order for three Scorpene-class submarines is expected shortly, which 'can potentially more than double the company's order book,' according to also sees strong prospects in the P75I (Rs 700 billion) and P17B (Rs 700 billion) frigate programs. The brokerage has maintained a 'buy' on the stock, at a target price of Rs 3,858, citing the order book could grow to Rs 1.5 trillion by FY27—14 times its FY25 revenue. PTC Industries rounds off the top picks, with Antique praising the company's progress on its Strategic Material Technology Complex in Lucknow. Through subsidiary Aerolloys Technologies, PTC is developing one of the world's largest single-site titanium recycling and remelting estimated a 10–20x revenue growth over the next five to six years. 'Given the high growth visibility and significant value addition with a potential of +50% EBITDA margin, PTC Industries is well poised to post a profit of Rs 9.4 billion in FY28 and Rs 17.3 billion in FY30 from a base of Rs 0.4 billion in FY24,' the brokerage underscored a structural opportunity unfolding in India's defence manufacturing ecosystem. With 75% of FY24–25's capital budget earmarked for domestic procurement, India has committed to 'Atmanirbharata' (self-reliance) not only as an import substitution measure but also as a strategic Defence Acquisition Council has approved procurements worth Rs 8.5 trillion over FY23–25, nearly equal to approvals during the entire decade from FY12 to FY21. HAL, BEL, and Mazagon Dock are expected to be major beneficiaries of large finalisations in FY26, including orders for Tejas Mk-1A aircraft, Scorpene submarines, QRSAM missile systems, and advanced light strong revenue and earnings visibility, sector-wide capacity expansion, and increasing private sector involvement, Antique believes the Indian defence and aerospace sector is at an inflexion point.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
11-06-2025
- Business
- Time of India
HAL, BEL, Mazagon Dock among Antique's top defence picks as Rs 16 trillion order pipeline boosts outlook
Hindustan Aeronautics Ltd Bharat Electronics Live Events Mazagon Dock PTC Industries Sector Tailwinds: Orders, capex and indigenisation (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Riding on the back of India's massive Rs 16 trillion domestic defence procurement pipeline and an accelerated push for indigenisation, Hindustan Aeronautics HAL ), Bharat Electronics (BEL), and Mazagon Dock Shipbuilders have emerged as top stock picks in Antique Stock Broking's latest sector brokerage sees these state-run giants as best positioned to capitalise on the strong order inflows and expanding manufacturing capacities amid India's intensified focus on defence self-reliance and remained bullish on HAL, highlighting its dominant position in the defence aerospace segment and a strong revenue outlook linked to modernisation plans by the Indian Air Force (IAF). The brokerage pointed to the opportunity for over 300 new aircraft orders over the next 10–15 years, including Tejas Mk-1A, Mk-II, and the fifth-generation AMCA execution capacity, which had been constrained by delays in engine supply from GE, is expected to improve significantly. 'GE has delivered the first engine to HAL in the first quarter of FY26 and is expected to deliver 12 more in FY26,' the brokerage said, adding that 'consistent supply from GE can lead to IAF placing an incremental order for 97 Tejas Mk-1A aircrafts.'Antique values HAL at 40x FY27 estimated EPS, with a target price of Rs 6,545, up from its current market price of Rs 5, Electronics Ltd (BEL), a long-time leader in defence electronics, is another preferred play. 'BEL is in a sweet spot given the sharp increase in spending on missile systems like QRSAM and MRSAM where BEL will act as a system integrator,' Antique said.A Rs 300 billion QRSAM order is expected to be finalised in the fourth quarter of FY26, with an additional Rs 270 billion in orders also expected, potentially taking total inflows beyond Rs 570 billion in FY26 alone. To support this, BEL is planning an annual capex of Rs 7–8 billion over the next 3–4 brokerage maintained a 'buy' with a price target of Rs 422, valuing BEL at 45x FY27 estimated Dock Shipbuilders has been highlighted as a key beneficiary of India's naval expansion, given its unmatched capability in building both submarines and large surface warships. A fresh order for three Scorpene-class submarines is expected shortly, which 'can potentially more than double the company's order book,' according to also sees strong prospects in the P75I (Rs 700 billion) and P17B (Rs 700 billion) frigate programs. The brokerage has maintained a 'buy' on the stock, at a target price of Rs 3,858, citing the order book could grow to Rs 1.5 trillion by FY27—14 times its FY25 revenue. PTC Industries rounds off the top picks, with Antique praising the company's progress on its Strategic Material Technology Complex in Lucknow. Through subsidiary Aerolloys Technologies, PTC is developing one of the world's largest single-site titanium recycling and remelting estimated a 10–20x revenue growth over the next five to six years. 'Given the high growth visibility and significant value addition with a potential of +50% EBITDA margin, PTC Industries is well poised to post a profit of Rs 9.4 billion in FY28 and Rs 17.3 billion in FY30 from a base of Rs 0.4 billion in FY24,' the brokerage underscored a structural opportunity unfolding in India's defence manufacturing ecosystem. With 75% of FY24–25's capital budget earmarked for domestic procurement, India has committed to 'Atmanirbharata' (self-reliance) not only as an import substitution measure but also as a strategic Defence Acquisition Council has approved procurements worth Rs 8.5 trillion over FY23–25, nearly equal to approvals during the entire decade from FY12 to FY21. HAL, BEL, and Mazagon Dock are expected to be major beneficiaries of large finalisations in FY26, including orders for Tejas Mk-1A aircraft, Scorpene submarines, QRSAM missile systems, and advanced light strong revenue and earnings visibility, sector-wide capacity expansion, and increasing private sector involvement, Antique believes the Indian defence and aerospace sector is at an inflexion point.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
