A report stated that the government sanctioned a Rs 5,113 crore project to develop a next-generation Airborne Warning and Control System (AWACS).
Defense stocks rallied by up to 5% on reports that the government sanctioned a Rs 5,113 crore project to develop a next-generation Airborne Warning and Control System (AWACS).
Bharat Electronics stock surged 5% at Rs 3250.
Pipavav Defense and Offshore Engineering Ltd stock was up 2% at Rs 57.
A report said that The Defence Acquisition Council also approved the purchase of 1,512 mine ploughs for T90 tanks for Rs 710 crore and 30 weapon-locating radar for Rs 1,605 crore.
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