Defence Index Rises, New Procurement Rules

  Published 6 months ago

Nifty India Defence index rose 0.51% to 8,086.10, driven by strong defense stocks and optimism.

  • DPM 2025 aims to streamline and rationalise defence revenue procurement, supporting modern warfare requirements effectively.
  • Liquidity damages reduced: no LD during development, 0.1% post, prototype, max 5% usual, 10% severe delays.
  • Tender process simplified: NOC from DPSUs removed, awards based purely on a competitive open bidding basis.

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