<ul data-eligibleForWebStory="false"><li>The Defence Acquisition Council approved 10 capital acquisition proposals through indigenous sourcing, amounting to nearly Rs 1.05 lakh crore, on July 3.</li><li>Nomura initiated coverage on Bharat Electronics and L&T with a 'buy' rating as the Defence Acquisition Council accorded Acceptance of Necessity for these projects.</li><li>The approved projects include Surface-to-Air missiles, Electronic Warfare System, Mine Counter Measure Vessels, and more to enhance operational preparedness of the armed forces.</li><li>The DAC's approval for Quick Reaction Surface to Air Missiles and revival of the MCMV program have positive implications for Indian defence manufacturers and shipyards.</li></ul>

Bharat Electronics, L&T Get Nomura's 'Buy' As Defence Council Clears Rs 1.05 Lakh-Crore Indigenous Proposals

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