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Defence Ministry Signs ₹13,500-Crore Deal with HAL for Su-30MKI Jets

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Synopsis:

The Ministry of Defence has signed a ₹13,500-crore deal with HAL for 12 Su-30MKI jets, featuring 62.6% indigenisation. HAL share price closed at ₹4,661.10, reflecting a 0.25% rise.

In a major push to enhance India’s air combat capabilities, the Ministry of Defence (MoD) has signed a ₹13,500-crore contract with Hindustan Aeronautics Ltd (HAL) for the procurement of 12 Su-30MKI fighter jets. The deal includes associated equipment and incorporates 62.6% indigenisation, aligning with the ‘Aatmanirbhar Bharat’ initiative. The Su-30MKI jets will bolster the Indian Air Force's operational strength and defence preparedness.

Also read: Zomato Faces ₹803 Crore GST Demand, Including Interest and Penalty

HINDUSTAN AERONAUTICS LTD

Trade

4667.056.50 (0.13 %)

Updated - 13 December 2024
4755.00day high
DAY HIGH
4665.00day low
DAY LOW
563366
VOLUME (BSE)

Key Takeaways

  • Contract Value: ₹13,500 crore, inclusive of taxes and duties.

  • Aircraft Production: Su-30MKIs to be produced at HAL's Nashik division.

  • Indigenisation Level: 62.6%, supported by Indian defence manufacturers.

  • HAL Share Price: Closed at ₹4,661.10, up 0.25% on BSE.

Also read: Kalpataru Projects To Raise ₹1,000 Cr Via QIP; Bags ₹2,174 Cr Orders

Indigenisation and Manufacturing Details

The Su-30MKI, a Russian-origin aircraft, is manufactured domestically by HAL under an intergovernmental framework. The jets will be produced at HAL’s Nashik facility, incorporating indigenised components developed by Indian defence industries.

Details

Information

Contract Value

₹13,500 crore

Indigenisation Percentage

62.6%

Manufacturing Facility

HAL Nashik Division

Beneficiary

Indian Air Force

This initiative not only strengthens India's defence capabilities but also contributes significantly to the local defence manufacturing ecosystem.

Positive Market Response

The HAL share price closed at ₹4,661.10 on the BSE, marking a 0.25% increase after the announcement. The market’s positive sentiment reflects confidence in HAL’s growing role in India’s defence sector.

Strengthening Defence Preparedness

This procurement marks a strategic step in equipping the Indian Air Force with advanced combat aircraft to meet modern defence challenges. With its high level of indigenisation, the deal supports India’s drive toward self-reliance in defence manufacturing.

The ₹13,500-crore Su-30MKI deal with HAL underlines India’s commitment to strengthening its military capabilities while promoting domestic production under the Aatmanirbhar Bharat initiative.

Also read: Ashok Leyland Wins ₹345.58 Crore Order for 1,475 BSVI Bus Chassis

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Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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