Defence

Fincantieri unit WASS wins INR 18.96 billion heavyweight torpedo contract for Indian Navy submarines

Fincantieri Group secured a contract through its subsidiary WASS Submarine Systems S.R.L. to supply heavyweight torpedoes to the Indian Navy for deployment on six Kalvari-class submarines under Project 75. The contract covers the procurement and integration of 48 Black Shark Advanced heavyweight torpedoes along with associated equipment, with deliveries scheduled between 2028 and early 2030. […]

CoreEL Technologies raises USD 30 million in Series B funding to scale manufacturing and R&D

CoreEL Technologies Private Limited, an aerospace and defence electronics company, has raised USD 30 million, equivalent to INR 2.5 billion, in a Series B funding round to support its next phase of growth. The funding is aimed at expanding manufacturing capacity, strengthening research and development, advancing product engineering, and supporting large and complex defence programmes. […]

Sasmos delivers first batch of wiring harnesses for high-power radar to L&T Precision Engineering & Systems

Sasmos, a provider of design and manufacturing solutions for defence and aerospace platforms, has delivered the first production batch of wiring harnesses for a high-power radar programme to L&T Precision Engineering & Systems. The initial delivery comprises 200 high-power radar wiring harness sets and marks the first execution milestone under a strategic multi-year contract awarded […]

Belrise Industries signs cooperation pact with Plasan Sasa for ATEMM platforms for Indian defence market

Belrise Industries Limited entered into a cooperation pact with Israel-based Plasan Sasa to jointly pursue opportunities related to ATEMM (All-Terrain Electric Mission Module) platforms for the Indian defence market. The agreement establishes an exclusive framework for technical and business collaboration, with a focus on defence programmes and tenders issued by Indian government authorities. The agreement […]

India Optel Limited signs collaboration agreement with Safran to manufacture navigation and sighting systems in India

India Optel Limited, a defence public sector undertaking, has signed a collaboration agreement with Safran Electronics & Defense to enable the manufacture of two high-precision systems in India, marking a shift from overseas procurement to domestic production for critical land warfare technologies. The agreement was signed on 22 December 2025 in New Delhi and covers […]

Nine Rivers Capital invests in Seinumero Nirman through Aurum Rising India Fund

Nine Rivers Capital has invested in Seinumero Nirman Private Limited through its Aurum Rising India Fund, marking the third investment by the fund and reinforcing its focus on India’s precision manufacturing sector. The transaction involves a minority stake, with the capital intended to support the company’s next phase of growth and institutional development. The investment […]

Apollo Micro Systems subsidiary granted industrial licence for HMX and TNT manufacturing

Apollo Micro Systems Limited has secured regulatory approval for the manufacture of high-energy explosive materials through its step-down subsidiary, IDL Explosives Limited. The industrial licence authorises the production of Cyclotetramethylenetetranitramine (HMX) and Trinitrotoluene (TNT) under the Industries (Development and Regulation) Act, 1951, expanding the group’s licensed manufacturing activities in defence and industrial explosives. The licence […]