Defence Ministry Awards Rs.650 Bn Tender to HAL for Tejas Jets

22 Apr 2024 CW Team

The Defence Ministry has greenlit a substantial tender worth ?650 billion for Hindustan Aeronautics Limited (HAL), signalling a significant boost for the indigenous defence manufacturing sector. Under this contract, HAL will produce an additional 97 Tejas Mark 1A fighter jets, showcasing the government's commitment to bolstering domestic defence capabilities.

This move not only strengthens India's self-reliance in defence production but also underscores the importance of HAL's expertise in aircraft manufacturing. The Tejas Mark 1A jets, renowned for their advanced technology and superior performance, will further enhance the country's air defence capabilities, catering to the evolving needs of the armed forces.

HAL's successful bid to secure this lucrative contract reaffirms its status as a key player in India's defence industry. The company's track record of delivering high-quality aircraft and its dedication to innovation have positioned it as a reliable partner in the nation's defence modernization endeavours.

The Defence Ministry's decision to entrust HAL with the production of additional Tejas jets reflects the government's confidence in indigenous defence capabilities. This initiative is aligned with the broader vision of promoting self-reliance and reducing dependency on foreign imports in the defence sector. Furthermore, it is expected to generate significant economic benefits by creating jobs and fostering growth in related industries.

Real Estate

07 Jul 2026

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..

EUROBOND Expands NABL Accreditation to 51 Testing Parameters

EUROBOND, the flagship brand of Euro Panel Products, has expanded the National Accreditation Board for Testing and Calibration Laboratories (NABL) accreditation of its in-house laboratory from 16 to 51 mechanical and chemical testing parameters, making it the only Indian aluminium composite panel (ACP) manufacturer with accreditation covering such an extensive testing scope.The expanded accreditation enables the company to independently test coils, coatings, cores, aluminium composite panels (ACP) and metal composite panels (MCP) in accordance with international standards, including IS, ASTM, ..