Search Result for : Hindustan Aeronautics Limited Hal

The Dollar Business Bureau Targeting a highest ever revenue at Rs.17,900 crore for current financial year, state-owned aerospace and defence firm, Hindustan Aeronautics Limited (HAL) on Wednesday signed a Memorandum of Understanding (MoU) with the Ministry of Defence (MoD).  HAL has also put special emphasis on modernisation, capacity building and solar power plants, with the aim to attain a capital expenditure (capex) of Rs.1,300 crore, the company said in a statement. The MoU has charted out the targets on several performance parameters for the current fiscal. The MoU was signed by Ashok Kumar Gupta, Secretary in the Department of Defence Production, on behalf of Defence Ministry and T Suvarna Raju, CMD, on behalf of HAL. “The company’s thrust is on ‘Make in India’ projects such as Hindustan Turboprop ...

The Dollar Business Bureau After fruitful negotiations between India and Russia as a part of the India-Russia Military Industrial Conference, two agreements were signed between Hindustan Aeronautics Limited (HAL) and United Aircraft Corporation and United Engine Corporation of Russia for long-term technical assistance and spare parts required to service the Russia-originated Su -30 MKI aircraft.  Russia has broadly agreed to enter into joint ventures with Indian manufacturers for a seamless supply of spare parts and components necessary to maintain operational readiness of Russian-origin defence platforms used by the Indian Army.  This positive development was brought about even as Defence Minister Arun Jaitley, in his inaugural speech, called upon Russian firms to extend defence cooperation with India in manufacturing, by sharing defence technology. This is deemed to be essential for the upkeep and up gradation of Russian defence equipment in India's ...

The Dollar Business Bureau The Minister for Defence Manohar Parrikar in a reply to a question in the Lok Sabha yesterday, has said that the government proposes to export Light Combat Aircraft (LCA) Tejas to other countries. Preliminary discussions with a few friendly countries are in progress. It should be recalled that Sri Lanka had expressed interest to purchase the Light Combat Aircraft Tejas in February 2016. Also during the recent International Airshow, at Bahrain, 2016 the HAL chief had revealed that there were many enquiries from countries to purchase LCA, Tejas. But major hurdles could be expected from countries like US, Israel, UK and Canada who have provided the key technology inputs needed to build the fighter jet. According to defence reports to the media sometime ...

The Dollar Business Bureau The Defence Minister Manohar Parrikar inaugurated Helicopter Engines Maintenance, Repair and Overhaul (HE-MRO), a Joint Venture of HAL and Safran Helicopter Engines (SafranHE), France at Sattari District, North Goa, yesterday. The JV will provide MRO services for Safran TM333 2B2 and HAL Shakti engines installed on HAL-built helicopters operated by the defence services. Speaking on the occasion, Parrikar said this is a step towards creating employment opportunities with corresponding boost to the economic activities in Goa. “This is the right place for MRO activities related to helicopter engines. We have a local talent to meet the skill requirement for the project,” he added. Elaborating on the project, Chairman and Managing Director, HAL  Suvarna Raju said the JV reflects the ...

Source: PTI Reliance Defence has signed strategic partnership agreement with three Ukrainian state- owned companies which will allow them to collaborate on a range of military products including transport aircraft, upgrade of armoured vehicles, maritime gas turbines and unmanned aerial vehicles. The development follows a meeting between Reliance Group Chairman Anil Ambani and Ukrainian President Petro Poroshenko in Ukraine this week. During the hour long meeting, the two leaders discussed issues of strategic interest between the Indian and Ukrainian defence and aerospace industry. "As a follow up of the meeting, a Strategic Partnership Agreement was signed between State Owned Ukroboronprom of Ukraine and Reliance Defence, which will allow it to collaborate with Antonov for its range of military and ...

The contract with Rosoboronexport, a company of Rostec State Corporation, entailed a total of 151 units of the Mi-17V-5 helicopter Source: PTI The Indian Air Force plans to order another 48 Mi-17V-5. The new helicopters would be used for operations in various areas, in the desert and the mountains   Russia has handed over to India the final batch of three Mi-17V-5 military transport helicopters under a previously signed contract even as it gets ready to ink yet another deal for another 48 such choppers. The contract with Rosoboronexport, a company of Rostec State Corporation, entailed a total of 151 units of the Mi-17V-5 helicopter, produced by the Kazan Helicopter Plant, part of Russian Helicopters company. India is one of the key markets for Russian ...

 Sai Nikesh | The Dollar Business India and the United States, as a part of defence cooperation, have finalized a new framework agreement which would be a replacement to the existing deal, that was supposed to expire in June 2015. The new defence framework is expected to facilitate synchronization between the armed forces of the two countries, along with creating a larger scope for technology transfer in defence between the two economies. According to the defence reports, the deal will make the process easier for American firms to share their military technology with India and also actively participate in manufacturing of weapon systems jointly with India. Meanwhile, the Union Defence Minister, Manohar Parrikar, said that a dialogue has been ...