 "Light combat helicopter, LCH, LCHs, Hindustan Aeronautics, Hindustan Aeronautics Limited, HAL,")
The government has approved the sale of a 10 per cent stake in public sector military planemaker Hindustan Aeronautics Ltd (HAL) through an initial public offering.
This comes at a time when it is witnessing competition from private players such as Reliance Defence, Adani and Tata Group bidding to bag fighter plane contracts for the Indian armed forces.
Bengaluru-based HAL filed its draft red herring prospectus (DHRP) with market regulator Securities and Exchange Board of India (Sebi) on September 29, the firm stated on Sunday.
So far, HAL has been the sole player in the country building fighter aircraft such as Sukhoi-30-MkI and
