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Weapons of Mass Destruction (WMD)

Defense Contractors

There are eight public sector undertakings (PSUs) under the Department of Defence Production and Supplies. These are: Hindustan Aeronautics Ltd. (HAL), Bharat Electronics Ltd. (BEL), Bharat Earth Movers Ltd. (BEML), Mazagon Dock Ltd. (MDL), Garden Reach Shipbuilders and Engineers Ltd. (GRSE), Goa Shipyard Ltd. (GSL), Bharat Dynamics Ltd. (BDL), and Mishra Dhatu Nigam Ltd. (MIDHANI). These undertakings, besides meeting the requirements of the defence sector, also cater to the needs of the civil sector.

Of the eight defence PSUs, five PSUs, namely, HAL, MDL, GRSE, BDL and MIDHANI are wholly owned by the Government of India. During 1991-92, 20 percent of the shares of BEL and BEML were sold to various financial institutions. GSL, which was previously a subsidiary of MDL, has become a Government company in which 51.08 percent shares are held by the President of India, 47.21 percent by MDL and 1.71 percent by other parties. The value of production of the PSUs during 1992-93 was of the order of Rs 3, 769.17 crore (provisional) against Rs 3, 272.22 crore in 1991-92. During the year 1991-92, the value of sales by these PSUs to the defence and civil sectors amounted to Rs 2,182 crore and Rs 1,260 crore respectively.


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Page last modified: 24-07-2011 04:40:10 ZULU