Union Minister reviews performance of eight DPSUs in meeting with CMDs


Defense Minister Rajnath Singh on Monday, May 26, held a review meeting with CMDs of eight Defence Public Sector Undertakings (DPSUs) at South Block, New Delhi. In the meeting, Singh commended the role of the entire defence industry, including DPSUs, in developing platforms and technologies that demonstrated the preparedness of the Indian Armed Forces during Operation Sindoor. He emphasised that the Government, led by Prime Minister Modi, remains committed to strengthening the defence industrial base and enhancing the competitiveness of the DPSUs.

In view of the prevailing geopolitical scenario and the recent developments, Singh directed the DPSUs to enhance their production on latest technologies with more focus on research and development in the emerging fields of modern warfare, according to the official release. 

During the meeting, Secretary (Defence Production) Sanjeev Kumar presented the growth statistics of the DPSUs highlighting their steadfast performance. The value of production is poised to be more than Rs 1,40,000 crore for Financial Year 2024-25, out of which around 78 per cent would be contributed by DPSUs.

Defense Minister appreciated the increase in the value of production by DPSUs, however, exhorted them to focus on timely delivery of products to the Armed Forces as well as their other customers. He emphasised the role of DPSUs in increasing exports and directed them to increase their focus on better marketing of their products.

Rajnath Singh also congratulated Hindustan Aeronautics Limited (HAL) on being granted the Maharatna status and Mazagon Dock Shipbuilders Limited (MDL) on getting the Navratna status.

CMDs of eight DPSUs – HAL, MDL, Bharat Electronics Limited, Bharat Dynamics Limited, Mishra Dhatu Nigam Limited (MIDHANI), Garden Reach Shipbuilders and Engineers Limited (GRSE), Goa Shipyard Limited (GSL) & BEML Limited – presented the cheques for interim dividend on equity shares held by the Government for Rs 2,138 crore for the Financial Year 2024-25.



Source link

Author Profile
Managing Director at Bitlance Tech Hub | 09158211119 | [email protected] | Web

Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.

Leave a Reply

Your email address will not be published. Required fields are marked *