Defence Stocks in Focus: Poised to Gain from ₹79,000 Crore DAC Procurement Approvals

On October 24, 2025, Indian defence companies are in focus as they are expected to benefit from the Defence Acquisition Council’s (DAC) latest round of procurement approvals, valued at approximately ₹79,000 crore. The approvals cover major acquisitions for the Indian Army, Navy, and Air Force, aimed at strengthening India’s indigenous defence capabilities.

Beneficiaries Across Armed Forces

For the Indian Army, the DAC cleared the acquisition of the Nag Missile System (Tracked) Mk-II (NAMIS). This move could boost Bharat Dynamics Ltd (BDL), which may receive orders worth around ₹2,000 crore to enhance India’s anti-tank and battlefield fortification capabilities.

The Army also received approval to procure the Ground-Based Mobile ELINT System (GBEMS), designed to provide continuous electronic intelligence on enemy emitters. This procurement is expected to benefit Bharat Electronics Ltd (BEL) and Astra Microwave Products Ltd (Astra Micro).

Additionally, the acquisition of High Mobility Vehicles (HMVs) equipped with material handling cranes puts the focus on BEML Ltd, a leading defence and heavy engineering manufacturer.

Major Boost for Naval Projects

Shipbuilding companies such as Mazagon Dock Shipbuilders, Garden Reach Shipbuilders & Engineers (GRSE), Cochin Shipyard, and Larsen & Toubro (L&T) could emerge as major beneficiaries of Landing Platform Dock (LPD) orders estimated at up to ₹60,000 crore. These amphibious vessels will enhance the Indian Navy’s operational integration with the Army and Air Force.

The approval for the 30 mm Naval Surface Gun (NSG) project is expected to aid BHEL and GRSE, while BHEL could also play a key role in supplying smart ammunition for the 76 mm Super Rapid Gun Mount.

Bharat Dynamics may further benefit from orders worth ₹500–1,000 crore for Advanced Light Weight Torpedoes, capable of neutralizing conventional, nuclear, and midget submarines.

Also Read: DAC Clears Major ₹79,000 Crore Acquisition Plan for Army, Navy and Air Force Modernisation

Additionally, BEL, Astra Micro, and Data Patterns could receive fresh orders for the Navy’s Electro Optical Infra-Red Search and Track (IRST) System, enhancing maritime surveillance and targeting capabilities.

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