Annual Review of Defence PSUs
Defence Minister Rajnath Singh is set to undertake the annual performance review of all 16 Defence Public Sector Undertakings (DPSUs) in New Delhi on Tuesday, with indigenous technology development, modernisation, and defence exports as key focus areas, according to the Defence Ministry and reports.
The review comes after the DPSUs reported strong financial results for the financial year 2025-26. According to the Defence Ministry, the combined turnover of the DPSUs rose 15.4% year-on-year to ₹1.29 lakh crore. Their cumulative profit after tax climbed 15.6% to ₹23,136 crore, while exports surged 151.2% compared to the previous fiscal year.
During the event, the Chairpersons and Managing Directors of seven DPSUs — Hindustan Aeronautics Limited (HAL), Mazagon Dock Shipbuilders Limited (MDL), Bharat Electronics Limited (BEL), Bharat Dynamics Limited (BDL), Garden Reach Shipbuilders & Engineers Limited (GRSE), BEML and MIDHANI — will present dividend cheques to Singh towards the government's equity shareholding for FY26. The remaining DPSUs will hand over their cheques at a later date.
Publications and Roadmaps
Singh will also release four publications highlighting self-reliance and technological capability in the defence sector. These include 'Aatmanirbhar DPSU – A Journey of DPSUs towards Self-Reliance'; DISHA, an initiative aimed at providing students hands-on awareness of defence technologies and modern manufacturing processes; Modernisation Roadmap of HAL; and Indigenisation Roadmap of HAL.
The annual review is expected to assess the operational and financial performance of the DPSUs while laying emphasis on developing new indigenous technologies, strengthening domestic manufacturing capabilities and expanding India's footprint in the global defence export market, as reported by The Hindu.
Defence Export Reforms
The Department of Defence Production has introduced reforms to simplify the Defence Export Standard Operating Procedure and the Open General Export Licence framework. The changes aim to reduce procedural hurdles and help Indian defence manufacturers access international markets faster while maintaining national security safeguards, according to the Free Press Journal.
The export push has yielded significant results. India's defence exports hit a record ₹38,424 crore in FY26, up 62.66% from the previous year, with DPSUs accounting for ₹21,071 crore, or nearly 55% of total exports, as reported by CNBC TV18. India exported defence equipment to more than 80 countries, and DPSUs and other public sector undertakings accounted for about 76% of domestic defence production, which rose 15.6% to ₹1.78 lakh crore in FY26.