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The company expects the greenfield unit to create strong strategic synergies across its businesses, further supporting India’s broader goal of enhancing self-reliance in defence production.
The licence permits the company to manufacture defence aircraft equipment for unmanned helicopter operations, including unmanned aerial systems.
The Directorate General of Naval Armament Inspection will be responsible for providing domain expertise.
IIT Chennai will lead the fundamental and conceptual design phase and focus on developing advanced technologies and intellectual property that address complex defence requirements.
The board approved the issuing of 2.45 Crore convertible equity warrants on a preferential basis to promoters and non-promoter businesses.
Here are some of the stocks that may see significant price movement today: HCL Technologies, Lupin, Piramal Pharma, etc.
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