Page 5 - Hindustan Aeronautical Ltd

Govt plans to sell 15% stake in HAL via offer for sale, bid by Feb 21

The government is looking to appoint up to three merchant bankers for managing the offer for sale (OFS) and has invited bids for the same by February 21

Hindustan Aeronautics Ltd, trade unions agree to settle wage revision

The Hindustan Aeronautics Limited management and its workforce have entered into an agreement to settle the wage revision. A Memorandum of Understanding (MoU) was signed at HAL Corporate Office here on Tuesday between the HAL management and its Trade unions, the Bengaluru-headquartered defence PSU said in a statement. The MoU envisages revision of wage structure with effect from January one, 2017, productivity improvement and other related matters, it said. As part of the wage revision, the HAL management has offered fitment benefit at 12 per cent and perks & allowances under cafeteria system (at 25 per cent for workmen in scale 1 to 10 and at 22 per cent for workmen in special scale) of the revised basic pay effective from January one, 2017, besides other benefits, the statement said. Upon ratification of the Board of Directors, a tripartite settlement before the labour authorities will be executed at different locations of the company before notifying the revised .

Private firms object to HAL's tender for naval utility helicopters

HAL's surprise bid in the Naval Utility Helicopter tender throws up important issues. A two-part series addresses the policy dilemma

Tamil Nadu govt wooing HAL to set up manufacturing facility at Salem

The state has been chosen for establishing the Centre's ambitious defence corridor

CBI books 5 HAL employees in Rs 13.28 crore fraud case in Odisha

The alleged cheating, which started with Rs 13.11 lakh in 2013 touched a new height during 2017 when Rs 7.78 crore was siphoned off from the company using fake bills

Build defence aerospace

IAF must stop ignoring domestic manufacturers

HAL's Dornier planes made under 'Make in India' set for commercial flights

The 19-seater Dornier 228 aircraft is manufactured by the HAL under licence from Swiss technology company RUAG for the defence forces and European markets