With the approval given, HAL will manufacture 240 engines for the Air Force for Rs 26 billion.
HAL Offer: The government-owned company which was praised by Prime Minister Modi in Parliament last year has delivered huge returns to investors in the last year. At the same time, while promoting Make in India, the Ministry of Defence has sealed a big deal with public sector aerospace company Hindustan Aeronautics Limited. The company and investors are expected to get rich again from this deal. In fact, HAL will now manufacture 240 engines for the Air Force’s Sukhoi-30MKI fighter jet.
The Ministry of Defence has signed this deal with HAL for Rs 26,000 crore. This move is seen as a boost to the government’s ‘Atmanirbhar Bharat’ initiative. These aircraft engines will be manufactured by HAL’s Koraput division. This is expected to meet the Indian Air Force’s (IAF) requirement of maintaining the operational capability of the Sukhoi-30 fleet.
