Hindustan Aeronautics on Friday inked a deal with Guyana Defence Force for supply of two Hindustan-228 Commuter Aircraft.
Hindustan Aeronautics Gets Rs 194 Crore Order From Guyana Defence Force
Hindustan Aeronautics on Friday inked a deal with Guyana Defence Force for supply of two Hindustan-228 Commuter Aircraft.
The total value of the contract is nearly ₹194 crore. The development comes even as the firm is making efforts to deliver the first light combat aircraft (LCA) Mark1A fighter aircraft to the Indian Air Force by March 31.
The delivery is part of a Rs 48,000-crore Defence Ministry’s deal with Hindustan Aeronautics Limited for the procurement of 83 Tejas Mark 1A jets for the IAF. It was inked in February 2021.
Hindustan Aeronautics rallied 3.23% to Rs 3273 after the company has signed a contract with Guyana Defence Force, Government of Guyana for supply of aircraft and other equipment for a value of MUSD 23.37(approximately Rs 194 crore).
The order includes supply of two Hindustan-228 commuter aircraft along with Manufacturer Recommended List of Spares (MRLS), Ground Handling Equipment/Ground Support Equipment, Training, Hand-holding.
The project completion period is by FY24-25 and the cost of the project is MUSD 23.37 crore (approximately Rs 194 crore).
HAL
Hindustan Aeronautics (HAL) is an aerospace and defense company, owned by the government of India. The company develops, designs, manufactures, and supplies aircraft, helicopters, avionics, and communications equipment for military and civil markets. The companys consolidated net profit increased 9.2% to Rs 1,261.51 crore on 6.98% rise in revenue from operations stood to Rs 6,061.28 crore in Q3 FY24 over Q3 FY23.
