PSU NEWS
HAL Signs Rs 8000 Cr Contract with Indian Navy and Indian Coast Guard
“The PBL is the purchase of Logistics support as an integrated, affordable, performance package designed to optimize system readiness and meet performance goals for the product through long-term support arrangements with clear lines of authority and responsibility”, says Mr. T. Suvarna Raju, CMD, HAL. The PBL is emerging as a preferred acquisition strategy for defence acquisition and asset management.
The contracts were signed by Mr. V. Natarajan, General Manager (Helicopter Division), HAL and Mr. Jayant Sinha, JS & AM (MS), MoD, in New Delhi yesterday. Senior executives from HAL, the Indian Navy and the Indian Coast Guard were present on the occasion.
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