top of page

Defence stocks to add in your watch list....

Now a days we are hearing lot about defense stocks after Minister of Defence announced that they are focusing to improve indigenous products , they are planning to increase buying made in India products.

So when you hear about defence sector you may know only famous companies like Midhani, BE, BDL, Zen Technologies but there are other companies also providing defence products like Ashok Leyland supplies service vehicles for Defence.

Here is the companies list provided by Minister of defence, we can use the list for our further study.

Ashok Leyland: Ashok Leyland has a product range from 1T GVW (Gross Vehicle Weight) to 55T GTW (Gross Trailer Weight) in trucks, 9 to 80-seater buses, vehicles for defence and special applications, and diesel engines for industrial,genset and marine applications. With the fleet of logistics vehicles deployed in the Indian Army and significant partnerships with armed forces across the globe, Ashok Leyland helps keep borders secure.


BEML a pivotal role to serve India’s core sectors like Defence, Mining, Rail, Power and Infrastructure. The Company operates under three major business verticals viz. Defence & Aerospace, Mining &Construction and Rail & Metro. It provides Medium Bullet-Proof Vehicle MBPV Mobile Standby Command Post Vehicle,Armoured Recovery & Repair Vehicle Arjun (ARRV).

Bharat Forge:

Bharat Forge Ltd is focusing on areas like Artillery systems, Protected Vehicles, Armoured Vehicles Upgrade, Ammunition (only empties), Air Defence solutions, Small Arms, Defence Electronics and Aerospace. BFL has expanded its infrastructure & facilities and has set up state-of-the art manufacturing facilities at selected locations in India to offer end to-end solutions in all its focus areas.


MIDHANI is currently going through a major expansion & diversification phase. Several facilities such as Wide Plate Mill, Armour Manufacturing Facility, Spring Manufacturing Facility, Higher capacity skull melting furnace, Higher capacity Vacuum Induction melting furnace, Additional melting line for Titanium,etc. are being setup.

ZEN Technologies:

Zen is one of the leading Indian Defence production companies in the private sector and recognized by the Department of Science of Technology (DST) for in-house R&D Unit. It produces over 40 different Live Fire, Live Instrumented, Virtual and Constructive training systems to support individual and collective training capabilities. With over 1,000 training systems shipped around the world, Zen Technologies is a proven leader in building training systems for developing and measuring Combat Readiness.


L&T has long experience of working with Defence Research and Development Organization (DRDO) for realization of multiple developmental programs and is a trusted supplier to the Indian Armed Forces. Product portfolio of L&T includes naval platforms, missile launch systems, antisubmarine warfare systems, propulsion & naval engineering systems, platform management systems, artillery platforms, weapon delivery systems, bridging solutions, combat engineering systems, upgrade solutions for armored platform and guns, combat engineering equipment, aerospace solutions, airborne assemblies and systems, avionics, radar systems, communication systems, unmanned systems and NBC Systems.

Hindustan Aeronautics Limited (HAL):

HAL has produced over 4000 aircraft, 5000 aero-engines and has also carried out over 11,000 overhauls of aircraft and 33,000 overhauls of engines, besides manufacture and overhaul of related accessories and avionics. HAL has also acquired skills in assimilating technologies by manufacturing of several foreign origin platforms from leading global OEMs and are well versed in absorption of such ToTs, of both Western and Russian origin platforms.

Bharat Dynamics Limited:

The company deals with manufacture and supply of Guided Missiles, Underwater Weapons, Air-borne products and allied defence equipment for Indian Armed Forces. BDL also offers Product Life Cycle Support and Refurbishment /Life Extension of vintage Missiles. Recent trends indicate rapid strides are being made by countries over the globe in utilizing Artificial Intelligence (AI) based technologies for development of Next Generation of weapon systems. Taking cognizance of this fact, BDL has started undertaking development of products for the Armed Forces with AI based technologies. BDL has forayed into international market by offering its products to foreign countries.

Please FOLLOW US, SUBSCRIBE and SHARE this article with your friends. Learn and Grow with us.

If you have any queries feel free to contact us.

Thanks and Regards

FunTech Team

12 views0 comments


bottom of page