Currently, the government holds a 90 percent stake in HAL, and it is expected to rake in up to Rs 2,000 crore via the stake sale.
Aerosol boxes act as an insulator between the doctor and the patient to various state governments, as part of the fight against COVID-19.
Chairman and MD of HAL R Madhavan has said that the company is considering building logistics bases in four countries as they use a number of Russian-origin military aircraft and choppers whose serviceability is "very poor".
The employees of Hindustan Aeronautics Ltd (HAL) are on an indefinite strike since October 14 in support of various demands, including wage revision.
HAL on October 13 said workers decided to go ahead with the 'indefinite strike' despite it making 'all out efforts' to avert it, an apex body of the employees unions said the management 'refused' to consider their 'fair and reasonable demands'
Former Defence Minister Manohar Parrikar had announced this project in October 2016.
Singh said that as and when required the HAL borrows from banks to meet its working capital requirements.
HAL said it posted a revenue growth in excess of six per cent during 2018-19 as compared to 3.8 per cent during 2017-18.
The move is a part of the 'Make in India' programme to catalyse indigenous production in defence manufacturing.
The MoU was signed by GVS Bhaskar, Chief Executive Officer, Helicopter Complex and Rajesh Jain, Chief Project Manager (CPM), HAL project zone, CPWD in the presence of R Madhavan, CMD, HAL, a release said.
The state-run company has been in news over allegations by the Opposition that it was overlooked when India and France signed an inter-government agreement to procure 36 Rafale jets and the offset contract was awarded to a private company.
The pilots were identified as Squadron Leader Samir Abrol and Squadron Leader Siddhartha Negi, both from Aircraft and Systems Testing Establishment.
The agency registered five FIRs against Bhaben Mitra and other employees of Hindustan Aeronautics Limited (HAL), Koraput on January 29.
Gandhi's attack comes a day after he accused the Modi government of weakening public sector undertaking Hindustan Aeronautics Limited (HAL) and destroying India's strategic capability to benefit industrialist Anil Ambani.
Sitharaman's statement comes amid a political furore over her statement in the House regarding orders placed with the defence public sector undertaking.
Hitting back at Congress President Rahul Gandhi's allegations against her, the defence minister put out details of contract awarded to HAL since the BJP came to power in 2014
The allegation came a day after Congress President Rahul Gandhi accused PM Modi of "weakening" the Hindustan Aeronautics Limited to help his "suit-boot" friend
The Centre for Military Airworthiness and Certification (CEMILAC) has given the green signal to start manufacturing of Tejas Mk1 under Final Operational Clearance (FOC) configuration, he said.
The revenue rose 10 percent at Rs 2,610 crore against Rs 2,373 crore reported last year.
Madhavan's reply came when he was asked to clarify on one among many charges that defence PSU Hindustan Aeronautics Limited (HAL) had been deprived of an offset contract from the Rafale deal.
Reliance Defence Ltd CEO Rajesh Dhingra said the government-to-government deal requires all 36 aircraft to be delivered in a 'fly-away' condition which means "they are to be exported from France by Dassault" and "HAL or anyone else cannot be the production agency for the simple reason that no aircraft are to be produced in India."
More than 154 global players and 523 Indian defence companies participated in the recently concluded Defence Expo in Chennai. A number of tanks, aircrafts and other military equipment were on display. Here is a glimpse of some of them:
The aerospace and defence manufacturing hub will come up in Hosur, spread over 600 acres
Both HAL and BEL may not have much to celebrate in terms of growth in sales at the moment, but they can certainly plan to do so in the near future.
In the ongoing season where most IPOs have barely managed to get subscriptions, the IPO market may turn to be less exciting for those looking to make quick gains or listing gains.