PSU Defence Sector Eyes ₹80,000 Cr Boost As DAC Meets Today

Defence stocks, especially public sector undertakings, are expected to remain in focus today as the Defence Acquisition Council meets later in the day. According to reports, the council may approve defence procurement proposals worth up to ₹80,000 crore. The meeting will be chaired by Defence Minister Rajnath Singh and is likely to fast-track several critical acquisitions, including emergency purchases. Key items under consideration include the Navy’s urgent requirement for Medium Range Surface-to-Air Missiles developed by DRDO and manufactured by Bharat Dynamics. The Indian Air Force is also expected to seek emergency clearance for the Astra Mark-2 air-to-air missile. These developments could have a direct impact on defence PSUs and related stocks.