Indian Defence Ministry Signs Rs 5,000 Crore Contracts Including HAL Helicopter Deal

The Indian Ministry of Defence signed contracts worth over Rs 5,000 crore to strengthen maritime security, including a Rs 2,901 crore deal with Hindustan Aeronautics Ltd (HAL) for six Advanced Light Helicopters Mk-III configured for maritime operations. These helicopters aim to enhance the Indian Coast Guard's capabilities. Additionally, a Rs 2,182 crore agreement was made with Russia's Rosoboronexport for surface-to-air missiles. The Nifty India Defence Index showed resilience amid broader market declines, supported by these government orders and global tensions.