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Aerospace & Defense
Deals3 Sept 2024, 02:49 pm

Cabinet Committee on Security Approves Procurement of 240 Aero-Engines for IAF's Su-30 MKI Aircraft from HAL

AI Summary

In a significant development, the Cabinet Committee on Security has approved the proposal for procurement of 240 aero-engines (AL-31FP) for Su-30 MKI aircraft of the Indian Air Force (IAF) under Buy (Indian) category from Hindustan Aeronautics Limited (HAL) at a cost of over Rs 26,000 crore inclusive of all taxes and duties. The delivery of these aero-engines would start after one year and complete over a period of eight years. The engines will have indigenous content over 54%, enhanced due to indigenisation of some key components of aero-engines. These would be manufactured at Koraput division of HAL. Su-30 MKI is one of the most powerful and strategically-significant fleet of IAF. The supply of these aero-engines by HAL would meet the fleet sustenance requirement of IAF to continue their unhindered operations and strengthen the defence preparedness of the country.

Key Highlights

  • Cabinet Committee on Security approves procurement of 240 aero-engines for IAF's Su-30 MKI aircraft from HAL
  • Procurement worth over Rs 26,000 crore inclusive of all taxes and duties
  • Delivery to start after one year and complete over eight years
  • Engines to have indigenous content over 54%
  • To be manufactured at Koraput division of HAL
HAL
Aerospace & Defense
Hindustan Aeronautics Ltd

Price Impact