Breaking news
HAL will open new construction plant to manufacture military light utility helicopters.
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World
Defense & Security News - Hindustan Aeronautics Limited |
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| HAL will open new construction plant to manufacture military light utility helicopters | |||
Hindustan
Aeronautics Ltd., India’s largest aerospace and defense company,
said Thursday that it would build a new factory to manufacture military
and civilian helicopters, reports today the Wall Street Journal. The factory
is part of the company’s plan to invest 30 billion Indian rupees
($483 million) over the next three years to develop new products and modernize
its existing products, Hindustan Aeronautics Chairman T. Suvarna Raju
said. |
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 Indian Army's HAL Dhruv light utility helicopter |
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The
helicopter plant would primarily produce its latest light utility helicopter
for the Indian armed forces, but would also make a civilian version, Mr.
Raju said at a news conference at the Aero India aerospace and defense
show.
“We will be initially investing about 4 billion rupees to build a helicopter complex in Karnataka,” Mr. Raju said. “The plan is to build about 60 helicopters a year.” Mr. Raju said Hindustan Aeronautics already has orders for 187 light utility helicopters from the military and expects to sell hundreds of commercial helicopters in India in the coming years. Hindustan Aeronautics is ready to welcome new investors if the government decides to sell part of the company, said Mr. Raju. New Delhi has been discussing plans to divest part of its stake in Hindustan Aeronautics to raise much-needed revenue and make the company more transparent. The process of selling
a government stake in Hindustan Aeronautics has been delayed as the
company wanted to be exempted from some of the disclosure rules for
listed companies as it manufactures military hardware. |
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