City
Epaper

Order books of Defence PSUs not low: Rajnath Singh

By IANS | Updated: December 9, 2019 15:45 IST

Denying that the booking orders of the Defence Public Sector Undertaking (PSU) were dangerously low which may not sustain them beyond 2020-21, the Minister of Defence Rajnath Singh said on Monday that the government has taken various steps to improve the order book position of the PSUs, including modernisation of production capacity and infrastructure.

Open in App

Replying to a query in the Rajya Sabha whether order books of Defence PSUs were low, Singh said: "No, it is not."

"The order book volume of Defence PSUs depends on the customers which is primarily the Armed Forces and export opportunities in the International market," the minister said.

He said that the current order book value of the Hindustan Aeronautics Limited was Rs 59,832 crore. The Bharat Electronics Limited and BEML limited have book order value of Rs 56,300 crore and Rs 9,568 crore respectively.

Rajnath Singh said that the Bharat Dynamics Limited has order Rs 7,200 crore, Mishra Dhatu Nigam Limited has order Rs 1,800 crore, Mazagon Dock Shipbuilders Limited has order of Rs 52,113 crore, Garden Reach Shipbuilders & Engineers Limited has order of Rs 27,407 crore. The Goa Shipyard Limited and Hindustan Shipyard Limited have order value of Rs 14,956 crore and Rs 2,805 crore respectively.

The minister said that the government has taken various steps to improve the order book position such as modernisation of production capacity and infrastructure; emphasis on import substitution and indigenisation; promotion of exports; introduction of new technologies; and product diversification.

He also said that joint ventures with foreign companies were being set up and preference was being given to 'Buy (Indian Indigenously Designed, Developed and Manufactured)' equipment.

( With inputs from IANS )

Tags: Rajnath SinghDefence PsusHindustan Aeronautics LimitedHindustan Shipyard Limited
Open in App

Related Stories

National99 F404-IN20 Engines for Tejas Light Combat Fighter Jet MK-1A Delivered to HAL

MaharashtraBhandara Factory Blast: Defence Minister Rajnath Singh Condoles Death of Workers

NationalDefence Ministry Declares 2025 as 'Year of Reforms'

NationalRahul Gandhi Offers Rose and Tircolour Flag to Rajnath Singh During Parliament Protests (Watch Video)

NationalRajnath Singh to Visit Russia From December 08 to 10 to Attend India-Russia Inter-Governmental Commission Meeting

National Realted Stories

NationalAdopt precautions to deal with fire at Bandhwari landfill site in Gurugram: Deputy Commissioner

NationalHindu groups in Bhopal call for protest against 'love-jihad' today

NationalHindu activist murder case: Police deployed to Karnataka's Mangaluru; three teams hunt for accused

NationalAnother Nepali female student found dead at KIIT University in Bhubaneswar

NationalMP to strengthen farm-food sector ties; Mandsaur to host summit on May 3, Global Conclave in October