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

NationalPM Narendra Modi's Address to The Nation Live Streaming: When and Where to Watch Prime Minister’s First Speech After India-Pakistan Ceasefire

NationalIndia-Pakistan Tensions Escalates: Jets Downed, Missile Strikes Exchanged; Blackouts Imposed Across Country

NationalOperation Sindoor: At Least 100 Terrorists Killed in Indian Strikes in Pakistan, Says Defence Minister Rajnath Singh

NationalDefence Minister Rajnath Singh on Operation Sindoor: “We Targetted Only Those Who Killed Our Innocent” (Watch Video)

MaharashtraSharad Pawar Commends India's Operation Sindoor, Extends Full Support to PM Modi In Fight Against Pakistan

National Realted Stories

NationalOur govt committed to furthering research, innovation ecosystems: PM Modi on QS Rankings 2026

NationalAhmedabad Plane Crash: 211 Victims Identified Through DNA Tests, 189 Bodies Handed Over to Their Families

NationalPickpockets steal phone, create fake UPI ID to siphon off Rs 7.2 lakh for pilgrimage; nabbed by Delhi Police

NationalJharkhand Congress celebrates Rahul Gandhi’s birthday with photo exhibition, pledges to uphold his ideals

National‘Anti-Stabbing Unit’ to stop people from carrying knives, weapons in K'taka's Belagavi