New Delhi: The delivery of the Tejas Light Combat Aircraft (LCA) to the Indian Air Force under a Rs 48,000-crore deal will begin from March 2024 and around 16 aircraft will be rolled out annually till the completion of the total supply of 83 jets, Chairman and Managing Director of...
Govt to disinvest 15% stake in HAL through Offer For Sale
New Delhi: The government is going to sell 15 per cent of its equity stake in the state-owned aerospace and defence company Hindustan Aeronautics Ltd. (HAL) via an Offer For Sale (OFS) at a floor price of Rs 1,001 per share. The government is expected to raise about Rs 5,000...
HAL records turnover of Rs 21,000 crore in FY20
Bengaluru : Government-owned Hindustan Aeronautics Ltd (HAL) recorded a turnover of over Rs 21,100 crore for the financial year ended on Tuesday, up 7 per cent from Rs 19,705 crore in the previous fiscal. "The company posted a revenue growth of around 7 per cent during 2019-20 for the second...