HAL paid the second interim dividend of Rs. 653.36 crores for the FY 2021-22 to the Government of India. The dividend cheque was handed over to the Defence Minister, Mr. Rajnath Singh by Mr. R. Madhavan, CMD, HAL and Mr. C. B. Ananthakrishnan, Director (Finance), HAL in the presence of Dr. Ajay …

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 …

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 …

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 …

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. The Raksha Mantri …

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 …

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. “Despite the challenges …

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 …

The maiden edition of Indian Ocean Naval Symposium (IONS) Maritime Exercise 2022 (IMEX-22) was conducted at Goa and in Arabian Sea from 26 – 30 Mar 22. The aim of the exercise was to enhance interoperability in Humanitarian Assistance and Disaster Relief (HADR) operations among member navies. The …

Navratna Defence PSU Bharat Electronics Limited (BEL) today signed a Memorandum of Understanding (MoU) with the Army Design Bureau of Indian Army for collaboration in the field of Artificial Intelligence (AI) for Defence applications. The MoU was signed by Major General K V Jauhar, VSM, Additional …