The forging press proposal is in line with those three points perfectly and signifies a move towards heavy industrial foundational capability rather than just assembly, level manufacturing.
A Parliamentary panel has strongly criticised Hindustan Aeronautics Limited, also called HAL, for long delays in making the HTFE-25 gas turbine engine. The panel said the project moved very slowly and faced many avoidable problems.
The stock initially sank 8.48% to Rs 4,205.25 on the BSE. However, it later recovered some losses, trading at Rs 4,433, which is still down by 3.53% compared to the previous close.
HAL confirmed the TEJAS MK-2 will use the GE F414 engine, rejecting French alternatives. Chairman DK Sunil said redesigns would cause delays.
India signed a Rs 62,370 crore deal with Hindustan Aeronautics Limited to supply 97 Tejas Mk1A jets for the Air Force.
HAL has signed a big deal with ISRO to mass-produce SSLV rockets. The pact gives HAL rights for design, build, launch and global supply of small satellite launchers.
HAL is expected to hand over two Tejas Mk-1A fighter jets with weapons integration by September end, Defence Minister Rajnath Singh said, as India pushes to expand its shrinking fighter fleet issue.
According to a senior official, HAL aims to deepen domestic capabilities and broaden its export efforts as part of a strategic corporate initiative.
ISRO has given HAL the technology to build and launch SSLV rockets in a ₹511 crore deal. This move will help boost India’s small satellite launch market in the future.
The state-owned aerospace company confirmed that it has not yet finalized any firm for benchmarking its Research and Development processes, counter to claims about choosing PricewaterhouseCoopers (PwC).
