At a high-level review meeting held on May 26, 2025, at South Block, New Delhi, the Raksha Mantri Shri Rajnath Singh was presented with interim dividend cheques totalling ₹2,138 crore by the Chairpersons and Managing Directors of 8 major Defence Public Sector Undertakings (DPSUs). This dividend pertains to equity shares held by the Government for the Financial Year 2024–25, marking a strong financial contribution from the public defence sector.
The DPSUs that presented the interim dividend cheques totalling ₹2,138 crore include Hindustan Aeronautics Limited (HAL), Mazagon Dock Shipbuilders Limited (MDL), Bharat Electronics Limited, Bharat Dynamics Limited, Mishra Dhatu Nigam Limited (MIDHANI), Garden Reach Shipbuilders and Engineers Limited (GRSE), Goa Shipyard Limited (GSL), and BEML Limited.
During the meeting, Secretary (Defence Production) Shri Sanjeev Kumar shared growth statistics for the DPSUs. The projected value of production for FY25 is expected to exceed ₹1,40,000 crore, with approximately 78% of this being contributed by DPSUs alone. This reflects the sector’s robust performance amidst evolving global and regional dynamics.
Raksha Mantri appreciated the increase in output but also urged the DPSUs to ensure the timely delivery of products to both the Armed Forces and other customers.
The Raksha Mantri commended the efforts of the entire defence industry, especially the DPSUs, in enabling the Armed Forces’ readiness during Operation Sindoor. He acknowledged their role in advancing indigenous technology and platforms critical to national security.
He reiterated the Government’s commitment under Prime Minister Shri Narendra Modi to strengthen the domestic defence industrial base and boost the global competitiveness of Indian defence manufacturers.
Read More: Best Defence Stocks in May 2025 5Y CAGR Basis: Mazagon Dock, HAL, & More!
Given the prevailing geopolitical developments, Shri Rajnath Singh directed the DPSUs to prioritise the development and production of advanced technologies. He encouraged greater investment in research and development, particularly in the domain of modern warfare, where agility, innovation, and self-reliance are crucial.
While recognising the value of production achieved by DPSUs, the Defence Minister urged a sharper focus on timely delivery and better product marketing. He highlighted that expanding exports and creating a stronger brand identity for Indian defence products will be pivotal for long-term sustainability and global presence.
In a noteworthy development, Hindustan Aeronautics Limited was congratulated for being accorded Maharatna status, and Mazagon Dock Shipbuilders Limited for achieving Navratna status. These recognitions underscore the strategic and financial significance of these organisations within the defence manufacturing ecosystem.
The interim dividend payout of ₹2,138 crore by DPSUs underscores their strong financial performance and commitment to value creation for the Government. It also highlights the growing role of defence PSUs in supporting national objectives through both innovation and fiscal contribution.
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Published on: May 27, 2025, 3:05 PM IST
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