HAL secures ₹23 billion contract for Dornier 228 aircraft
pre-market1 source ↓written by the desknot a recommendation
- contract with Hindustan
- ₹23 billion ($254 million)
- capital procurement approval
- ₹3.6 trillion ($40 billion)
India’s Ministry of Defence signed a ₹23 billion ($254 million) contract with Hindustan Aeronautics Limited for eight Dornier 228 aircraft for the Indian Coast Guard. This acquisition aims to enhance coastal surveillance amid rising security demands in the Indian Ocean Region. The deal is part of a broader ₹3.6 trillion ($40 billion) capital procurement approval.
Not investment advice. For informational purposes only.