HAL Pays Highest Dividend to GOI
HAL paid the second interim dividend of Rs. 653.36 crores for the FY 2021-22 to the Government of India.
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Rostec participates in pilot zone for drone flights in St. Petersburg
Fly Drone, a company in Rostec portfolio, is implementing a joint project with the government of St. Petersburg to create an urban air mobility pilot zone for testing drones. The infrastructure necessary for drone flights in the airspace of St. Petersburg is planned to be put in place by the summer of 2022.
HAL Hands Over Gaganyaan Hardware to ISRO
HAL has and will continue to play a significant role in India’s current and future space program including the Gaganyaan manned mission to space, given the skills and knowledge base within the company said Mr. S. Somanath, Chairman ISRO. He identified indigenisation and cost reduction as major challenges in the space missions and said apart from HAL private players will have a role in achieving these goals.
Indo-French Ex-Varuna 22 Culminated
The culmination of the 20th edition of the Indo-French bilateral Naval exercise ‘Varuna-2022’ took place on 03 Apr 22. The exercise this year has an expanded scope cover a broad spectrum of maritime operations. The eventful tactical sea phase of the exercise laid primary focus on advanced anti-submarine warfare tactics, gunnery shoots, seamanship evolutions, tactical manoeuvres and extensive air operations. The units also undertook cross deck landings by integral helicopters, showcasing a high level of interoperability between them.
Fast-Track Development of 10 ton Indian MRH
Safety and security of the country is Government’s top priority and all efforts are being made to safeguard its unity and integrity,” said Raksha Mantri Rajnath Singh while addressing a conclave organised to commemorate 60 years of Chetak helicopter’s service to the Nation.
BEL achieves record turnover of Rs. 15000 Crores
Navratna Defence PSU Bharat Electronics Limited (BEL) has achieved a turnover of about Rs.15000 Cr (Provisional & Unaudited), during the Financial Year 2021-22, against the previous year’s turnover of Rs. 13,818 Cr, despite challenges posed by the COVID-19 pandemic and global semiconductors shortage.
HAL Records Revenue of Over Rs. 24,000 Crore
HAL records highest ever revenue of over Rs. 24,000 crores (provisional and unaudited) for the financial year ended on March 31, 2022 registering a 6% revenue growth over the previous financial year. The corresponding figure for the previous year stood at Rs. 22,755 crores.
India Approves purchase 15 LCH from HAL
The Cabinet Committee on Security (CCS) met under the Chairmanship of Prime Minister Shri Narendra Modi on 30 March 2022 in New Delhi. The CCS has approved procurement of 15 Light Combat Helicopter (LCH) Limited Series Production at the cost of Rs. 3,887 Cr along with Infrastructure sanctions worth Rs. 377 Cr.
Light Combat Helicopter Limited Series Production (LSP) is an indigenously designed, developed and manufactured state of the art modern combat helicopter containing approx. 45% indigenous content by value which will progressively increase to more than 55% for SP Version.