India's Hindustan Aeronautics Limited has targeted a revenue from operations to the tune of INR17900 Crore ($2.8Billion) during the 2017-18 fiscal year, which is claimed to be its highest ever.
HAL signed a Memorandum of Understanding (MoU) for the financial year 2017-18 with Ministry of Defence (MoD) in Delhi yesterday. The annual MoU was signed between Mr Ashok Kumar Gupta, Secretary, Department of Defence Production and Mr T Suvarna Raju, CMD-HAL.
The Company has also laid specific emphasis on Capacity building, Modernization, Solar Power plants, aiming to achieve capital expenditure of Rs.1300 crores ($201 million).
The Company’s thrust is on Make-in-India projects such as Hindustan Turboprop Trainer-40 (HTT-40), Light Combat Helicopter (LCH) and Light Utility Helicopter (LUH). Among the important milestones targeted to be achieved include clearance by DGCA for civil version of Do-228 aircraft, Jaguar DARIN-III Upgrade and Mirage 2000 Upgrade. The Company also aims to achieve 5% increase in indigenous content through indigenisation under Make-in-India initiatives.
Hindustan Aeronautics (HAL) has issued a request for information to supply turbo-shaft engine for 10-12.5 ton AUW class twin engine helicopter
Indias Hindustan Aeronautics (HAL) will be ready to launch by July or August this year. The state-owned aerospace and defense company will wait for the results of the past financial year that are to be audited
Indias Hindustan Aeronautics has received orders worth INR 21,000 crores ($3.2 billion) that includes AL-31 engines for Su-30MKI, 12 Do-228 aircraft for the Indian Navy and 32 ALH for the Indian Navy and the Coast Guard during fiscal 2016-17
Indias Hindustan Aeronautics Ltd (HAL) has invited global firms with capabilities in specific areas of design and development for conversion of 2 ton class Helicopters into Rotary Unmanned Aerial Vehicle (RUAV). In a bid to accomplish requirement of unmanned platforms for Indian armed forces in fixed timeframe, “HAL desires to select risk sharing partners for development of specific technologies/systems to meet the overall requirement of developing the Unmanned Helicopter,” according to a document published by HAL
Indias Hindustan Aeronautics would be signing US$2 billion contract to sell 73 Advanced Light Helicopters (ALH) to the Armed Forces. The company has also signed another US$712
State-owned Hindustan Aeronautics Limited (HAL) on Saturday launched the production of the 5.8 ton category Light Combat Helicopter (LCH) to fulfill an Indian MoD order for 15 helicopters
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