IAF set to buy Rs 80 billion aerial tankers from Israeli firm

29 Oct 2025 CW Team

The Indian Air Force (IAF) is likely to finalise a Rs 80 billion deal for the purchase of six aerial refuelling aircraft from Israel Aircraft Industries (IAI), a government-owned firm that has emerged as the sole qualifying bidder.

If awarded the contract, IAI will convert six pre-owned Boeing 767 commercial aircraft into mid-air refuelling tankers before supplying them to the IAF, according to defence sources.

The Israeli company has committed to ensuring around 30 per cent Made-in-India content through offset obligations under the agreement. The tender, which began several years ago, initially saw participation from Russian and European firms, but IAI remained the only contender meeting all requirements, including the clause mandating 3–30 per cent indigenous content for second-hand aircraft.

The IAF currently operates a fleet of six Russian-origin Il-78 tankers, based in Agra, which support refuelling operations for various fighter aircraft of the Air Force and Navy.

Over the past 15 years, the IAF has made multiple unsuccessful attempts to procure additional tankers due to procurement hurdles and budgetary constraints. Although it recently wet-leased a tanker aircraft, the force continues to face a shortfall as it transitions to newer fleets capable of extended missions through mid-air refuelling.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..