India's Defence Acquisition Council approved equipment worth Rs 79,000 crore, with a significant focus on missile systems, rockets, radars, and loitering munitions. This move aims to bolster the capabilities of the Army, Navy, and Air Force and promote domestic defense manufacturing. Premier Explosives is identified as a key supplier for the MRSAM missile system, providing essential solid propellant, and is expected to benefit from the increased defense spending and focus on indigenous production.