Light Combat Helicopter inducted into Indian Air Force
NEW DELHI: In a big boost to Atmanirbhar Bharat in Defence, Raksha Mantri (Defence Minister) Rajnath Singh today presided over the formal induction of Light Combat Helicopter (LCH), designed and developed by Hindustan Aeronautics Limited (HAL), into the Indian Air Force (IAF) in Jodhpur. Naming LCH as “Prachanda”, Raksha Mantri said that its induction comes […]
Tejas priced at Rs 309 crore
NEW DELHI: Indian state-owned Hindustan Aeronautics Limited (HAL) CMD R Madhavan has said that country’s indigenous fighter machine Tejas cost will be Rs 309 crore and Rs 280 crore for the trainer version of the fighter craft. Day before yesterday at Inaugural Ceremony of Aero India 2021, in the presence of Raksha Mantri (Defence Minister) […]
About 540 exhibitors would showcase their defence manufacturing prowess at Aero India 2021: Rajnath Singh
NEW DELHI: Aero India 2021 three-day mega event to showcase the prowess of Aviation Industry will begin from tomorrow at Bengaluru. The Curtain Raiser Press Conference chaired by India’s Defence Minister (Raksha Mantri) Rajnath Singh for Asia’s premier air show was held on 2nd February. Aero India-2021 will be inaugurated by Rajnath Singh and will […]
Narendra Modi government to sell up to 15% stake in Hindustan Aeronautics Limited
NEW DELHI: The government of India will sell up to 15 per cent stake in Hindustan Aeronautics Limited (HAL) through an offer for sale (OFS), which could fetch about Rs 5,000 crore to the exchequer. The floor price for the offer has been fixed at Rs 1,001 per equity share of the company. The price […]
Hindustan Aeronautics Limited employees’ strike continues
NEW DELHI: The Hindustan Aeronautics Limited (HAL) management on Tuesday urged its striking employees to accept the “fair offer” made by it but the latter stuck to their stand, saying the two-day old indefinite stir will continue till an ‘amicable’ solution beneficial to them was reached. The Defence PSU also reiterated its stand that the […]
HAL records all-time high turnover of Rs 19,705 crore
NEW DELHI: State-run aerospace major Hindustan Aeronautics Limited (HAL) has posted an all-time high turnover of Rs 19,705 crore, registering a growth of 7.8% in 2018-19, the company said in a statement Monday. HAL’s Profit After Tax (PAT) for the fiscal year 2018-19 stood at Rs 2,282 crore, an increase of 14.8% over Rs 1,987 […]