Shares of HAL jumped over 2 percent at Rs 4,148.85 per share on the NSE after the declaration of the second quarter earnings.
The MoU was signed by CEO (Bangalore Complex), HAL, Mihir Kanti Mishra, and Senior Vice-President (Purchasing), Safran Aircraft Engines, Dominique Dupuy, in Bengaluru in the presence of key officials from both companies on Thursday.
Tejas is a single-engine multi-role fighter aircraft, with the capability to operate in high-threat air environments. The indigenously-developed fighter jet has been developed to undertake air defence, maritime reconnaissance and strike operations.
The LoI was signed here by Argentinian Defence Minister Jorge Taiana, and HAL Chairman and Managing Director C B Ananthakrishnan, the Bengaluru-headquartered PSU said in a statement.
There are two core drivers of capex in the near term — the National Infrastructure Pipeline (NIP) and capex plans of the private sector driven by multiple sector-specific factors.
With ISRO's support, in less than two years, the 52:48 HAL-L&T consortium may be able to deliver the first rocket from the industry consortium, fully built by the industry.
Powered by two Shakti engines, the LCH inherits many technical features of the Advanced Light Helicopter, HAL said in a release. Stating that presently, four technology demonstrators are under flight testing, it said the LCH has the distinction of being the first attack helicopter to land in forward bases at Siachen, 5,400 metres above sea level.
HAL sees the Prime Minister's visit to Russia as a big stepping stone to furthering its ambitions