Defence Indigenisation & Military Supply Chain

17 companies Updated 28 Sept 2026

NSE-listed companies manufacturing warships, missiles, radar systems, and defence electronics under India's indigenisation drive — from Mazagon Dock's submarine program to Premier Explosives' missile propellants.

Sectors represented: Capital Goods, Construction

Companies with exposure to defence indigenisation & military supply chain

BDL

Bharat Dynamics Limited

Capital Goods
annual report · 2026

Over the past decade, however, this dependence has steadily reversed,. with close to 65% of defence equipment now being manufactured within the country. ts sourced from overseas suppliers. Over the past decade, however, this dependence has steadily reversed,. with close to 65% of defence equipment now being manufactured within the country. The transformation marks a.

DATAPATTNS

Data Patterns (India) Limited

Capital Goods
annual report · 2024

The focus on indigenization is expected to be a. significant driver, fostering double-digit growth in. domestic defence spending. 13.9%. 11. 25. Defence Production in India (US$ billion) tor. The focus on indigenization is expected to be a. significant driver, fostering double-digit growth in. domestic defence spending. 13.9%. 11. 25. Defence Production in India (US$ billion).

APOLLO

Apollo Micro Systems Limited

Capital Goods
investor presentation · 2024

In line with its commitment to encouraging start-ups and promoting the indigenous design and development of. defence equipment, the government has introduced the “Buy Indian-IDDM” (Indigenously Designed, Developed,. & Manufactured) category as the most favored choice for procurement. d development of.

LT

Larsen & Toubro Limited

Construction
annual report · 2026

Public Sector Undertakings (DPSUs), the sector has now. entered a transformative phase marked by deeper private. sector participation — including strategic public-private. partnerships, tie-ups with start-ups and academia — and. driven by a strong policy push towards indigenisation,. innovation and the development of a competitive domestic. defence industrial base.

MEGATHERM

Megatherm Induction Limited

Capital Goods
annual report · 2026

Military modernisation programmes. across NATO and Indo-Pacific nations are generating. strong procurement pipelines for advanced land, air, and. naval systems. n defence. budgets globally. Military modernisation programmes. across NATO and Indo-Pacific nations are generating. strong procurement pipelines for advanced land, air, and. naval systems. The growing emphasis on indigenous.

MAZDOCK

Mazagon Dock Shipbuilders Limited

Capital Goods
annual report · 2024

To promote Indigenization drive and ensure. maximum participation of Indian industry in. indigenization, MDL has taken several initiatives. which includes: -. (a) Details of imported items for indigenisation. are uploaded on Srijan defence portal and. intimated to following organizations for ization, MDL has taken several initiatives. which includes: -.

SIGMAADV SIGMA ADVANCED SYSTEMS LIMITED Capital Goods
annual report · 2026

DRDO, Bharat Dynamics Limited, and a growing base of. private component suppliers, is entering a transformative. growth phase through 2030, driven by defence. modernisation across the Army, Navy, and Air Force. and the Make in India push for indigenous guidance,. navigation, and control (GNC) sub-systems, end-game. packages, and servo/amplifier components. ce.

BHARATFORG Bharat Forge Limited Automobile and Auto Components
annual report · 2026

The world around us was unsettled in. ways that had little to do with normal. industrial cycles. Tariff actions in major. economies and unrest in the Middle East. added to uncertainty and reinforced the. fragility of global supply chains. in. ways that had little to do with normal. industrial cycles. Tariff actions in major. economies and unrest in the Middle East.

LOKESHMACH Lokesh Machines Limited Capital Goods
annual report · 2026

The Defence and Aerospace division designs and manufactures indigenously developed small arms — these include. 9×19 mm sub-machine guns / machine pistols, MMG upgrade kits and 7.62×51 mm Light, General Purpose and. Medium Machine Guns — together with high-precision defence assemblies and weapon components. ude.

DCXINDIA DCX Systems Limited Capital Goods
annual report · 2026

Policy. initiatives under Aatmanirbhar Bharat, the Defence Acquisition Procedure (DAP) 2020, the Positive. Indigenisation Lists, higher domestic procurement allocation and increasing private-sector er Aatmanirbhar Bharat, the Defence Acquisition Procedure (DAP) 2020, the Positive. Indigenisation Lists, higher domestic procurement allocation and increasing private-sector.

KRISHNADEF Krishna Defence And Allied Industries Limited Capital Goods
investor presentation · 2026

INR2.35trillioninmegashipbuildingordersexpectedinFY26–27—3.1x. currentorderbookoflisteddefenceshipyards. CapacityExpansionAcrossKeyShipyards. . MazagonDockShipbuildersLtd:INR40–50bncapex;doublingplatform. capacity;newshiprepairyard&USNavypartnership edinFY26–27—3.1x. currentorderbookoflisteddefenceshipyards. CapacityExpansionAcrossKeyShipyards. .

HFCL HFCL Limited Telecommunication
annual report · 2026

Supporting India's Defence Manufacturing Ecosystem. India strengthens its defence manufacturing ecosystem ted to support sustained. export-led growth�. 65%. Share of indigenous defence production. Supporting India's Defence Manufacturing Ecosystem. India strengthens its defence manufacturing ecosystem. through sustained increases in defence expenditure and.

TIL TIL Limited
earnings transcript · 2025

Retail Opportunities. ▪Aim for enhancing India's Self-. Sufficiency aligning with National. Vision for Self-Reliance, Atmanirbhar. Bharat and Make in India. ▪Reducing Dependency on Imported. Capital Goods benefiting key strategic. industries. g India's Self-. Sufficiency aligning with National. Vision for Self-Reliance, Atmanirbhar. Bharat and Make in India. ▪Reducing Dependency on Imported.

BEML BEML Limited Capital Goods
annual report · 2026

Positive Indigenisation List to over 5,000 items,. coupled with simplified procurement processes. under DAP 2020 and DPM 2025, has accelerated. the pace of indigenisation and reduced reliance. on imports. e Indigenisation List to over 5,000 items,. coupled with simplified procurement processes. under DAP 2020 and DPM 2025, has accelerated. the pace of indigenisation and reduced reliance.

BALUFORGE Balu Forge Industries Limited Capital Goods
annual report · 2026

Strict compliance with global quality. standards enables domestic component manufacturers. to supply critical forgings such as large-calibre artillery. shell casings, armoured vehicle suspension assemblies. and military-grade powertrain components to international. Original Equipment Manufacturers (OEMs) and allied defence re artillery. shell casings, armoured vehicle suspension assemblies.

ASTRAMICRO Astra Microwave Products Limited Capital Goods
investor presentation · 2023

It has supplied critical TR modules for Synthetic Aperture. Radars (SAR) used in RISAT Satellites. . AMPL can provide required microwave electronics for ground and space based or payload. applications. . It has supplied critical TR modules for Synthetic Aperture. Radars (SAR) used in RISAT Satellites. . AMPL can provide required microwave electronics.

PTCIL PTC Industries Limited Capital Goods
investor presentation · 2023

We suspended maintenance and support for Russian customers, & then. in spirit of doing the right thing, we had suspended titanium import. (Annual Report Comments). Part of the titanium used is sourced from Russia, both ntenance and support for Russian customers, & then. in spirit of doing the right thing, we had suspended titanium import. (Annual Report Comments).

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