Hindustan Aeronautics gets Rs 6,800 crore basic trainer aircraft order from Indian Airforce

8 Mar 2023 , 11:14 AM

Hindustan Aeronautics (HAL) shares rose more than 4% to Rs 2,833.90 in intraday trade on Wednesday after the company signed an agreement with India’s defense ministry for supply of 70 HTT-40 Basic Trainer Aircraft for Rs 6,800 crore.

On March 1, 2023, the Union Cabinet approved the purchase of 70 HTT-40 trainer aircraft from HAL for more than Rs6,800 crore, providing a significant boost to the government’s efforts to achieve ‘Aatmanirbharta’ in defense.

The HTT-40 is a propeller-driven aircraft that offers superior handling at lower speeds, making it an ideal choice for pilot training. This aircraft has been specifically designed to enhance the effectiveness of pilot training, providing a more comprehensive learning experience. The air-conditioned cockpit, modern avionics, hot refuelling, running changeover, and zero-zero ejection seats of this fully aerobatic tandem seat turbo trainer.

According to the company, their aircraft will address the shortage of basic trainer aircraft for the Indian Air Force, specifically for training newly recruited pilots. The procurement will cover all necessary equipment and training aids, such as simulators, to support the training program.

As part of the contract, the company will supply the aircraft over a period of six years.

At around 11.10 AM, Hindustan Aeronautics was trading 4.36% higher at Rs2,822.10 apiece, against the previous close of Rs2,710.75 on NSE.

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