Until last year, the IAF's failure to pay HAL for aircraft already delivered to it had forced the company to turn to bank borrowings to pay employees' salaries
The corresponding figure for the previous year stood at Rs 21,438 crore
HAL chairman Madhavan said that Tejas Mark 1A jet has superior performance levels compared to China's JF-17 combat aircraft as it has better engine, radar system and electronic warfare suit
"This was the first test conducted from the Hawk-i aircraft.The results were on the expected line when it hit the target with precision," an HAL official told PTI
At Rs 315 crore ($43 million) per fighter, the Tejas Mark 1A would be a viable competitor in the international market for light fighters. It would be less so if taxes took up its cost to Rs 385 crore
The overall trend of Infosys is optimistic with a rally expected to move in the direction of Rs 1,500 level, as per the weekly chart
The government has approved procurement of 83 indigenously-developed light combat aircraft 'Tejas' for the Indian Air Force
Welcoming govt's approval to the Tejas deal, HAL chief R Madhavan described it as a major shot in the arm towards India's goal of achieving self-reliance in the aerospace and aeronautics sector
India's largest indigenous defence procurement deal is worth Rs 45,696 cr
The two lapped up the bulk of shares during the offers for sale of HAL, Bharat Dynamics
Shares of Bharat Dynamics gained 4 per cent to Rs 311, while HAL was up 2 per cent at Rs 795 on the BSE. In comparison, the S&P BSE Sensex was up 0.50 per cent
All that happened in the markets today
All that happened in the markets today
The government will sell a stake of about 10 per cent, with an option to sell a further 5 per cent in the company, according to a stock exchange filing on Wednesday.
The Indian government will sell a stake of about 10%, with an option to sell a further 5% in the company, according to a stock exchange filing on Wednesday
HAL said the impact due to Covid-19 will be 'minimal' for the company as major portion of the company's revenue is generated from Defense services
According to media reports, the government is looking to sell 5% stake in HAL, while quantum of stake sale for IRCTC will be decided later
All that happened in the markets today
Operational capability at altitudes higher than any other attack helicopter in the world
All that happened in the markets today