Bharat Dynamics Limited

Beyond materials, fresh orders signal immediate business activity across the sector.

Bharat Dynamics signed a contract worth approximately Rs 1,307 crore with the Indian Navy for heavyweight torpedo supplies to be executed within 42 months.

Despite this win, shares closed down slightly for the week, highlighting that the market often looks past announcements toward profitability and execution timelines.

Bharat Electronics secured additional orders worth Rs 533 crore covering drones, jammers and avionics.

By citing urgency to bypass competitive bidding, the state firm marked a significant departure from its procurement processes in the previous two years.

So for the first time in three years, Bharat Dynamics Limited has turned to a private company to supply optical sights for its missiles, and it has done so raising questions of conflict of interest and propriety.

Citing urgency, the Hyderabad-based defense PSU issued a single tender without competition for the optical sights to a company that its former chairman and managing director, Siddharth Mishra, and his wife set up after he retired.

Today, that company is 95% owned by Mishra's wife, Sambhavi Mishra.

Today is the fifteenth of October, and here are today's headlines.

[drum roll] Starting with major news, for the first time in three years, Bharat Dynamics Limited has turned to a private company to supply optical sights for its missiles, and it has done so raising questions of conflict of interest and propriety.

Citing urgency, the Hyderabad-based defense PSU issued a single tender without competition for the optical sights to a company that its former chairman and managing director, Siddharth Mishra, and his wife set up after he retired.

Today, that company is ninety-five percent owned by Mishra's wife, Shambhavi Mishra.

Adani claims it's seventy percent indigenized.

Then public sector Bharat Dynamics Limited, they with the help of some modifications made by DRDO, they are producing Barak eight medium-range surface-to-air missile system.

That is probably the most, the largest volume of any equipment that India has acquired from Israel.

That's about thirty thousand crores worth.

To put that in perspective, it's the difference between a private company building a spark plug versus, you know, assembling the entire lethal vehicle on their own production line.

Yeah, that would put private corporations in direct competition with massive state-run public sector entities like Bharat Dynamics Limited.

Exactly.

And Singh laid out specific manufacturing targets for this new private ecosystem.

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BDL, uh-

Mm

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