Defence stocks fire up! Paras Defence, GRSE, other stocks jump up to 10% as govt notifies 6th indigenisation list

Paras Defence shares rallied 10% to hit the upper circuit, jumping to a fresh 52-week high of Rs 1,527.30 apiece. Zen Technologies shares soared over 7%, while those of Dynamatic Technologies, Aequs, Data Patterns and Garden Reach Shipbuilders & Engineers (GRSE) jumped 3-5%.

BEML, AstraMicro, Cochin Shipyard, MTAR Technologies, Midhani, Bharat Dynamics (BDL), Hindustan Aeronautics (HAL), Mazagon Dock Shipbuilders and Solar Industries shares meanwhile gained 1-2%.

The sharp surge in the defence stocks pushed the Nifty India Defence index over 1% higher to 9,964 on Tuesday afternoon.

Defence Ministry notifies sixth indigenisation list of 405 items

Live Events

The Ministry of Defence’s Department of Defence Production (DDP) notified the sixth Positive Indigenisation List (PIL) comprising 405 strategically important items with an estimated business potential of Rs 3,070 crore. The list comprises line replaceable units, sub-systems, sub-assemblies, spares, components and raw materials. These include 16 items of the Indian Coast Guard (ICG) and 389 items of Defence Public Sector Undertakings (DPSUs), according to a press release.

Advanced Light Helicopter, Light Utility Helicopter, Su-30MKI, Light Combat Aircraft and AL-31FP Engine are some of the items listed by the ministry, along with armoured platforms including the T-72, T-90 and BMP-II, along with warships and missile systems such as Konkurs-M, Invar and MRSAM.”This sixth PIL marks another step in the Government’s efforts to promote self-reliance in defence manufacturing under the Aatmanirbhar Bharat initiative. It is expected to further expand opportunities for the Indian industry, strengthen the domestic defence manufacturing ecosystem, promote investment & innovation, and contribute to reducing dependence on imports,” the Defence Ministry said.

It added that over 15,700 defence items have been successfully indigenised, resulting in an estimated import substitution value of about Rs 9,000 crore over the last five years. Additionally, DPSUs have placed procurement orders, including in-house production, worth approximately Rs 10,000 crore on domestic vendors up to March 2026.

Also read | Defence Ministry notifies sixth indigenisation list of 405 items including gears for light helicopters, tanks and light combat aircraft

SRIJAN portal offers over 33,000 defence items since inception

The sixth PIL is part of the government’s efforts to promote self-reliance in defence manufacturing under the Aatmanirbhar Bharat initiative, the ministry said. It is expected to create additional opportunities for Indian industry, strengthen the domestic defence manufacturing ecosystem, encourage investment and innovation, and reduce dependence on imports.

The DDP had launched the SRIJAN Defence Portal in August 2020 as a dedicated platform for DPSUs and Service Headquarters (SHQs) to offer defence items to Indian industry, including MSMEs and start-ups, for indigenous development and production.

Till June 2026, the portal facilitated the offering of more than 33,000 defence items for indigenisation by DPSUs and SHQs. This includes 5,012 items notified through the first five Positive Indigenisation lists.

Also read | Paytm block deal: Vijay Shekhar Sharma’s Resilient Asset likely sells nearly 2 crore shares worth Rs 2,949 crore

(With inputs from agencies)

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)