Ministry of Defence signs ₹2,312 crore deal with HAL
pre-market1 source ↓written by the desknot a recommendation
- contract with Hindustan
- ₹2,312 crore
The Ministry of Defence signed a ₹2,312 crore contract with Hindustan Aeronautics Limited (HAL) for eight Dornier 228 Aircraft for the Indian Coast Guard. This deal aims to enhance India's maritime security and support local manufacturing under the Aatmanirbhar Bharat initiative.
The contract is expected to create significant employment opportunities and strengthen HAL's production ecosystem, benefiting MSMEs and ancillary industries.
Not investment advice. For informational purposes only.