HDFC Defence Fund, the defence sector’s only actively managed scheme, increased its holdings in Hindustan Aeronautics (HAL) and Bharat Electronics during April. The fund also raised stakes in six other companies, including Aequs, while trimming exposure to Rishabh Instruments. Despite the reshuffle, its portfolio stayed steady at 22 stocks across sectors.
The Defence Ministry has cleared a Rs 1,476 crore contract for Bharat Electronics Limited, aiming to supply five ground-based mobile electronic systems for the Indian Army. The platforms are designed to strengthen surveillance capabilities while improving battlefield networking and communications, giving troops better situational awareness and connectivity as operations evolve.
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Olee.Space, a photonics and defense technology firm, has appointed Venkateswara Gowtama Mannava, former Chairman and Managing Director of Bharat Electronics Limited, as its Strategic Production Advisor. With more than four decades of experience, he will help develop advanced defense electronics such as LIDAR and secure communication networks, supporting India’s push for self-reliance in critical technologies.
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