Diabytes
Hindustan Aeronautics Ltd News
)
HAL and Argentina's Ministry of Defence on Thursday signed a Letter of Intent (LoI) on productive cooperation and acquisition of Light and Medium Utility Helicopters for its armed forces.
)
The OFS comprises of base issue size of 1.75 per cent or 58.51 lakh shares, with an option to retain over-subscription of an equal quantum.
)
The Indian Air Force will be inducting the first batch of indigenously developed Light Combat Helicopter
The move is to boost to IAF's combat prowess as the multi-role platform is capable of firing a range of missiles and other weapons
The Light Combat Helicopter is developed by state-run aerospace major Hindustan Aeronautics Ltd
)
The LUH is a three-tonne class single-engine light helicopter under development by the HAL, so as to replace the aging Cheetah and Chetak choppers used by the Indian defence forces.
)
The Hindustan Aeronautics Ltd, which was building the Su-30MKI under licence from Russia's Sukhoi, is on the verge of delivering the last of the fighter jets to the IAF.
)
HAL had revenue of Rs 179.52 billion (USD 2.74 billion) and a net profit of Rs 26.25 billion for the year ended last March, the filing showed.
)
The India-Russia joint venture got the approval of Russian President Vladimir Putin in April this year.
HAL has set-up a dedicated division in Bengaluru to manufacture a fleet of Tejas for induction in the Indian Air Force (IAF) as frontline fighters.
"This also reflects the trust of defence customers on HAL and we remain committed to supporting Indian Defence Services for all their needs," he added.
As part of the government's disinvestment programme, state-run Hindustan Aeronautics Ltd (HAL) plans to get listed as one of the Maharatna companies, for which it will restructure its board by April 1.
Facing a CBI probe for allegedly involving middlemen in its dealings with the state-owned HAL, British engine manufacturer Rolls-Royce has sought meetings with the top brass of the Defence Ministry where it is expected to discuss the corruption allegations against it.
Loading...
 "Will Hindus get justice in Bengal's Murshidabad?")
 "DNA: Uproar over freebies in Delhi!")
 "DNA: AIMIM plans to field 2020 Delhi riots accused Shahrukh Pathan")
 "DNA: A report showing the reality of Bangladesh")
 "DNA: Power Theft Allegations Against SP MP Ziaur Rahman Barq")
 "DNA: Hot Tea Linked to Cancer Risk!")
 "DNA: Why Jordan Fears After Syria’s Coup?")
 "DNA: NSA Ajit Doval’s China Visit - Inside Story")
 "DNA: Gandhi Family Ruined My Career, says Mani Shankar Aiyar")
 "DNA: Ground Report- Tight Security Arrangements for Mahakumbh")
