Hindustan Aeronautics Limited — New Orders, 13-12-2024: Bagging/Receiving of orders/contracts

A contract has been secured between Hindustan Aeronautics Limited (HAL) and the Ministry of Defence for the procurement of 12 Su-30 MKI aircraft, valued at approximately ₹13,500 Cr, inclusive of taxes and duties. This deal is a key element of the Aatmanirbhar Bharat initiative, emphasizing the push for indigenous manufacturing, with the aircraft featuring 62.6% indigenized content. Production will occur at HAL’s Nasik division. This procurement aims to bolster the operational capabilities of the Indian Air Force, enhancing overall national defense preparedness. Potential benefits include improved defense sector visibility and support for domestic industries involved in manufacturing components.