Small Modular Reactors (SMRs) could emerge as a critical pillar of India's energy security strategy, supporting the country's expanding defence manufacturing ecosystem and rapidly growing data centre sector, experts said at a policy dialogue in the national capital on Tuesday.
The company stated that it received intimation of the execution of the agreement at 12:27 am on March 1, 2026, and has disclosed the development under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, to the stock exchange.
Top officials said that among a bunch of Budget proposals is a move to raise the FDI limit to 74 per cent under the automatic route for existing licensed defence manufacturers.
Further, DRDO has developed a pool of 2,000 industries to manufacture sub-systems, systems and equipment.
According to an official statement, the first-of-its-kind initiative seeks to create 6,000 metric tonnes per annum (MTPA) of integrated Rare Earth Permanent Magnet (REPM) manufacturing capacity in India.
The defence minister credited young entrepreneurs and innovators for transforming India from a buyer into a builder, creator and global leader in cutting-edge defence technologies.
Singh emphasised that the traditional defence outlook is no longer sufficient in today’s times as wars are fought not only on the borders, but have now taken a hybrid and asymmetrical form.
Secretary, Department of Defence R&D and Chairman of DRDO, Dr Samir V Kamat, handed over the Licensing Agreement for Transfer of Technology (LAToT) documents to the industry partners.
The two leaders held bilateral talks at the Hyderabad House in the capital and discussed ways to deepen India-Indonesia relations in various domains, particularly defence and security.
Prime Minister Narendra Modi Monday said that India’s transformation of the defence sector exemplifies how a right plan and partnership can turn possibilities into prosperity.
