DRONE STOCKS IN THE NEWS AFTER GOVERNMENT PROPOSAL FOR CONTRACTS WORTH Rs 30,000 CRORES

Stocks of

and have been in the news after Defence Ministry said that the government will soon invite proposals for drone contracts worth Rs 30,000 crores. These proposals for Medium Altitude Long Endurance Drone contracts will soon be invited by the ministry. The government is focussing on Made-in-India drones with focus on satellite imagery and precision ammunition where India lacks access to technology. and are the major manufacturers of drones in India and they stand to gain from this government initiative.