In a strategic move to enhance India’s defence capabilities and infrastructure, the Defence Acquisition Council (DAC) authorized contracts on Friday, February 16, totaling over Rs 84,560 crore. A report from brokerage house Nuvama Institutional Equities highlighted that the Ministry of Defence took a tactical approach based on valuable lessons learned.

The report emphasized that private players across the defence value chain are poised to benefit by becoming tier 2/3 component suppliers, with Hindustan Aeronautics Ltd (HAL), Bharat Electronics Ltd (BEL), and Bharat Dynamics Ltd emerging as the main beneficiaries.

Nuvama’s report revealed that India has been closely studying and adapting strategies employed in recent conflicts in Russia, Israel, and Ar…