Overview
- Three MoUs were signed, including HAL and BDL partnering with YIL on a 10,000‑ton forging press with HAL providing a Rs 435 crore interest‑free advance and BDL committing up to 3,000 metric tonnes of workload over ten years.
- A third MoU will create a Metal Bank at MIDHANI to secure specialty metals for critical defence projects.
- Four entities—MIL, AVNL, IOL and HSL—were felicitated for earning Miniratna Category‑I status, enabling greater financial and operational autonomy.
- The government released DPSU R&D roadmaps and HAL’s new R&D Manual, with a proposed Rs 32,766 crore R&D outlay over five years compared with Rs 30,952 crore invested in the past decade.
- Rajnath Singh cited sector gains, noting 2024–25 defence production of Rs 1.51 lakh crore with DPSUs at 71.6%, exports of Rs 6,695 crore, DPSU turnover of Rs 1.08 lakh crore, PAT of Rs 20,021 crore, and a 51% rise in exports year on year; he also launched SWAYAM to document green practices, with BEL and IOL recognized for 100% renewable energy use.