Overview
- The Defence Acquisition Council is expected to consider procurement proposals worth about ₹80,000 crore at its December 29 meeting chaired by Rajnath Singh.
- Reported agenda items include Embraer-based Airborne Early Warning and Control systems and integration of the indigenous NETRA platform.
- The council is expected to examine emergency purchases that could accelerate new orders for the defence sector.
- Defence stocks advanced ahead of the meeting, with Midhani up about 11%, Mazagon Dock roughly 3%, BDL nearly 2%, and the Nifty India Defence index up nearly 1%.
- News18 said it could not independently verify the CNBC-TV18 report on the agenda and approvals, and final outcomes await an official DAC communication.