NEW DELHI, Oct 29: Defence Minister Rajnath Singh on Tuesday reviewed the performance of Defence Public Sector Undertakings (DPSUs) here.
After the review, he emphasised the importance of development of new technology by DPSUs and indigenisation and lauded the role of DPSUs in the preparedness of the Armed Forces, an official statement said.
He directed the DPSUs to put dedicated efforts and resources towards Research & Development (R&D), export and indigenisation.
He further exhorted them to increase the production capacity, quality of products and timely deliveries to Armed forces.
The Minister congratulated the CMD, Hindustan Aeronautics Limited (HAL) on getting the Maharatna Status and becoming the 14th Maharatna PSU of India and first among the DPSUs. He also encouraged other DPSUs to become maharatna and navratna.
Secretary (Defence Production) Sanjeev Kumar briefed the minister about the overview of DPSUs including financial performance, present status and category of DPSUs and further efforts by them in the areas of R&D and Indigenisation etc.
At the end of the review, HAL, Bharat Electronics Limited, BEML Limited, Bharat Dynamics Limited, Mazagon Dock Shipbuilders Limited, Garden Reach Shipbuilders and Engineers Ltd and Goa Shipyard Limited handed over Dividend Cheques amounting to Rs 1,620 crore to the Defence Minister. (UNI)
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