Tuesday, June 25, 2019

HAL has concrete orders to build Su30, LCA, Tejas and Chetak helicopters: Rajnath Singh

The HAL has concrete orders to manufacture Su30 MKI, Light Combat Aircraft Tejas, Dornier, Advanced Light Helicopter, Chetak, Cheetal helicopters among others and defence services have paid the aerospace major Rs 8,140 crore in the last six months, Defence Minister Rajnath Singh said June 24. Arrears of Rs 868.14 crore are outstanding with Hindustan Aeronautics Limited for its contractors, he said.

"The present capacity available in HAL is adequate to fulfil the existing orders, projects in hand. Currently, HAL has firm orders to manufacture platforms like Su-30 MKI, LCA, DO-228 (Dornier), ALH, Chetak and Cheetal helicopters," Singh in a written response to a question in the Rajya Sabha.

He said that as and when required the HAL borrows from banks to meet its working capital requirements.

Just before the polls, the Congress had launched an offensive against the government alleging that Dassault Aviation, the makers of Rafale fighter jet, overlooked the PSU and gave the offset contract to another private company.
24/06/19 Moneycontrol.com
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