2 months ago
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ARTICLE AD BOX
NEW DELHI: Giving a propulsion to ‘Make-in-India’ initiative, the defence ministry connected Thursday inked a Rs 2,312 crore declaration with defence PSU Hindustan Aeronautics Limited (HAL) for accumulation of 8 Dornier 228 Aircraft for the Indian Coast Guard.The declaration was signed nether the “buy (Indian) category” successful the beingness of defence caput Rajesh Kumar Singh.The declaration reinforces the govt’s committedness to Aatmanirbhar Bharat portion bolstering India’s maritime information architecture.The programme is expected to make important nonstop and indirect employment by strengthening HAL’s accumulation ecosystem and supporting a wide web of MSMEs & ancillary industries.
It volition besides make sustained opportunities successful maintenance, repair and overhaul, and beingness rhythm method support, the defence ministry said.As of today, HAL is engaged successful a wide array of defence projects, managing a monolithic bid publication that involves accumulation of 180+ Tejas Mk-1A fighters and improvement of Tejas Mk-II; improvement and accumulation of Light Combat Helicopter (LCH), Prachand (156 further units ordered), Indian multi relation chopper (IMRH), airy inferior chopper (LUH), and Dhruv precocious airy chopper (ALH); accumulation of 70 HTT-40 basal trainers; and licenced accumulation of Su-30MKI engines and MiG-29 upgrades.
HAL connected Thursday reported a beardown fiscal show for the Dec 4th of the existent fiscal twelvemonth arsenic the defence PSU posted a 29.6% year-on-year emergence successful its consolidated nett profit. Its nett aft taxation for the 4th stood astatine Rs 1,866.7 crore, compared to Rs 1,439.8 crore successful the aforesaid play past fiscal twelvemonth (Q3 FY25), according to an speech filing.
