PSU NEWS
HAL to receive orders worth Rs 45000 crores for 83 LCA
New Delhi: In a major boost for the indigenous defence manufacturing capability, the Indian Air Force (IAF) is expected to place orders worth around Rs 45,000 crore with the Hindustan Aeronautics Limited (HAL) to acquire 83 Light Combat Aircraft (LCA) Tejas fighters.
The IAF had issued a tender for 83 LCAs about two years ago and the project was stuck over the pricing issue as the government and the Air Force felt that the price offered by the HAL was slightly higher.
"The cost committee of the Defence Ministry has determined the cost of the 83 LCA Mark 1A aircraft around Rs 45,000 crore and the Indian Air Force is now expected to place orders for these planes in the next few weeks," senior defence sources told ANI.
Read Also : Coal India Organises Training programme for capacity building
News Must Read
- SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh
- PESB Selects R Veerabahu as Director (Finance) for Braithwaite & Co. Limited
- Grew Energy bags largest order of 200 MW Contract of SECI's Auction
- CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station
- REC Ltd. has incorporated subsidiary company BPTL
- Hon’ble Vice President of India Confers `Outstanding PSU of the Year’ Award on HAL
- BharatPe Launches India’s first All-in-One Payment Device
- NBCC registers historical Performance in FY2023-24