HAL shares jump 5% on ₹26,000 cr order from IAF
Cabinet Committee on Security approved the proposal for procurement of 240 aero-engines for Su-30 MKI aircraft of the Indian Air Force (IAF) under buy Indian category from HAL.
Cabinet Committee on Security approved the proposal for procurement of 240 aero-engines for Su-30 MKI aircraft of the Indian Air Force (IAF) under buy Indian category from HAL.
The PSU has signed a deal worth ₹2,890 crore with the defence ministry for mid life upgrade of Indian Navy’s 25 Domier aircraft.
Last week, the Cabinet Committee on Security approved a proposal for 34 new advanced light helicopter (ALH) Dhruv Helicopters which will be manufactured by HAL.
The Joe Biden administration has reportedly given the green signal to General Electric and HAL to co-produce jet engines in India, ahead of Prime Minister Narendra Modi’s visit to the US.
The decision is being taken in a bid to provide a boost towards the government's 'Aatmanirbhar Bharat' program in the Indian Aerospace Defence ecosystem.
Touted as Asia's largest helicopter manufacturing facility, Greenfield Manufacturing Facility, which is spread across 615 acres of land, will initially produce Light Utility Helicopters (LUHs).