Defence sector stocks are in focus today. According to an ANI report, the Indian Navy could soon place an Rs 80,000 crore order for four Landing Platform Docks, a special warfare ship used for transportation and landing of cargo, vehicles and troops.

“The Defence Ministry is expected to soon take up the Indian Navy proposal, expected to be worth around Rs 80,000 crore, at a high-level meeting. The project would be one of the biggest for building surface warships in the country,” defence officials told ANI.

Defence sector stocks in focus

The Indian Navy has been pushing for increasing its amphibious warfare infrastructure for many years. As the Defence Ministry is likely to take up the Indian Navy’s proposal, it will not increase the Navy’s capabilities or transportation or deployment

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