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The DAC approved the procurement of Water Jet Fast Attack Crafts, Fast Interceptor Craft, Electronic Warfare Suite (EWS), Next Generation Radar Warning Receiver, Advanced Light Helicopters for surveillance in coastal areas.
The DAC approved the procurement of 31 New Water Jet Fast Attack Crafts for the Indian Navy as they will play an effective role in anti-piracy missions in and around island territories.
DAC approved the procurement of six Advanced Light Helicopters for the Indian Coast Guard to strengthen the coastal security and surveillance in coastal areas. It has also given its approval for the overhaul of T-72 and T-90 tanks, and engines of the Sukhoi fighter aircraft.
Additionally, the DAC also approved procuring the Electronic Warfare Suite (EWS) comprising of external Airborne Self protection Jammer pods, next generation radar warning receiver and associated equipment for the Su-30 MKI aircraft.
Shares of these defence companies are staging a rebound, having recovered nearly 20% to 30% from their respective lows. However, despite the recent rebound, most of these stocks are still down between 20% to 40% from their record high levels.
| Stock | Recovery From Lows | Down From Peak |
| Bharat Dynamics | 29% | -36% |
| Hindustan Aeronautics | 15% | -21% |
| Mazagon Dock | 22% | -20% |
| Cochin Shipyard | 35% | -43% |
| Garden Reach Shipbuilders | 30% | -40% |
Shipbuilding stocks are also in focus after the Indian Navy Chief Admiral Dinesh K Tripathi said that the Indian Navy is close to finalising three significant deals worth ₹1.25 lakh crore before the end of the current financial year.
Bharat Electronics (BEL) is said to play a key role in the submarine program, while the submarines will be constructed through a collaboration between the French Naval Group and Mazagon Dock.
