•Defence Minister Rajnath Singh approved deals worth ₹2.38 lakh crore, putting defence stocks like Bharat Electronics and HAL in focus.
•The latest clearance brings the total approvals for the current fiscal to a record ₹6.73 lakh crore, tripling last year's figure.
•Key projects include Air Defence Tracked System and High Capacity Radio Relay for the Indian Army, benefiting Bharat Electronics.
•Indian Air Force projects like Su-30 engine overhaul could benefit HAL, while the Indian Coast Guard's hovercrafts may boost Garden Reach Shipbuilders.
•The approvals aim to enhance India's air defence, logistics, and communication systems.
