Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Stock Report

| More

Rolls-Royce and HAL Sign MoU for Supporting MT30 Marine Engine Business

Posted On: 2021-05-04 13:52:36 (Time Zone: UTC)

Hindustan Aeronautics Limited (HAL) and Rolls-Royce have signed an MoU to establish packaging, installation, marketing and services support for Rolls-Royce MT30 marine engines in India. Through this MoU. Rolls-Royce and HAL will expand their long-standing partnership in India and work together in the area of marine applications for the first time.

Mr. R Madhavan, CMD, HAL said, "Rolls-Royce has been our valued partner for several decades. We now look forward to working together to explore business opportunities in marine applications. This partnership will leverage the rich experience of HAL 's 'MGT Division that works on marine gas turbines with Indian shipyards. Further, we are also exploring the option of using AIT7 marine engine on the hovercraft being planned by the shipyards in India."

Mr. Kishore Jayaraman, President, Rolls-Royce India and South Asia said. "We are excited to bring together Rolls-Royce's experience of over five decades in developing naval propulsion solutions and HAL 's in-market expertise in working with marine gas turbines to support our MT30 engines. We look forward to building on this partnership to provide solutions in the area of naval defence."

Speaking about the partnership, Mr. Tom Bell, President, Rolls-Royce Defence said, "Rolls-Royce has a shared history of successful collaboration with HAL in defence aerospace, and we are proud to strengthen our valued partnership to work together for the MT30 naval gas turbine. As India focuses on its vision of modernisation and self-reliance in defence, we look forward to introducing the 114T30 to customers in India in collaboration with HAL. Designed for naval platforms of the future, the MT30 is perfectly equipped to meet the Indian Navy's present and fitture needs."

MT30 is the world's most power-dense, best-in-class naval gas turbine currently in-service with naval programs worldwide in various propulsion arrangements across seven ship types. Derived from the Trent aero engine family, the MT30 has the potential to provide next-generation capabilities to the Indian Navy's future fleet, The MT30 can deliver its full power of up to 40 MW in ambient temperatures up to 38 degree celsius, without any power degradation throughout the life of the ship.

Earlier this year at the Aero India 2021 show, the two companies also announced new partnerships in the aerospace sector, including a MoU to establish an Authorized Maintenance Centre at HAL for Adour Mk87 I engines to support international military customers and operators. They also announced their intent to expand their supply chain partnerships for Civil and Defence Aerospace, by working towards making Adour Mk87 1 engine parts in India, as well as supplying forgings such as shrouds, cases and seals for Rolls-Royce's Pearl 15 and Trent family of engines.

Attendees at the announcement included Mr. M. Velpari, Director (Operations), Mr. Amitabh Bhat, CEO (Bangalore Complex) and Mr. B Krishna Kumar, General Manager, Engine Division from HAL and Mrs. Louise Donaghey, Sr. Vice President (Defence), Rolls-Royce (joining virtually). Abhishek Singh. Vice President (Defence), Rolls-Royce.

Shares of Hindustan Aeronautics Ltd was last trading in BSE at Rs.953.7 as compared to the previous close of Rs. 952.55. The total number of shares traded during the day was 13044 in over 979 trades.

The stock hit an intraday high of Rs. 977 and intraday low of 949. The net turnover during the day was Rs. 12571571.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Thirumalai Chemicals Ltd updates on investment in subsidiary

Hero MotoCorp Ltd to restart with staggered operations in select plants from May 17, 2021

SBI board to consider FY21 results, dividend on May 21, 2021

Balu Forge Industries Ltd to enter into MOU with Hilton Metal Forging Ltd

Ramco Cements commissions Oxygen Plant to supply medical oxygen to Government Hospitals

PNB fixes QIP price as Rs. 33.75

Kesoram Industries Limited board approves fund raising of up to Rs. 600 crore

Sagarsoft (India) Limited board approves acquisition of IT CATS, LLC, USA

Balkrishna Industries Ltd Board recommends Final Dividend of Rs. 5

Alkem Laboratories Ltd Board to consider FY21 results & Final Dividend on May 25, 2021

Rossari Biotech Ltd Board recommends Final Dividend of Rs. 0.50

Balaji Amines Ltd Board to consider FY21 results & Dividend on May 24, 2021

Automotive Axles Ltd board recommends dividend of Rs. 4.50

Just Dial Ltd posts consolidated PAT of Rs. 33.57 crore in Q4FY21

Oberoi Realty Ltd Q4FY21 consolidated net profit up at Rs. 286.85 crore

Balkrishna Industries Ltd reports Rs. 379.95 crore in Q4 FY2020-21

Rossari Biotech Ltd Q4FY21 consolidated net profit up at Rs. 22.42 crore

Automotive Axles Ltd Q4FY21 PAT at Rs. 26.55 crore

Kesoram Industries Ltd posts Rs. 96.41 crores consolidated PAT in Q4FY21

Mindspace REIT Announces Results for Q4 & 12M FY2021

HIL Ltd recommends final dividend of Rs. 25

Asian Star Company Ltd board recommends dividend of Rs. 1.50 for FY21

Privi Speciality Chemicals Limited board recommends dividend of Rs. 2

Texmaco Infrastructure & Holdings Ltd Board recommends dividend of Rs. 0.20 for FY21

Mindspace REIT declares distribution of Rs. 4.81 per unit

Mr. Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers on Akshaya Tritiya

Sagarsoft (India) Ltd board recommends dividend of Rs. 2.50

Cipla Ltd Board approves dividend of Rs. 5 for FY21

Larsen & Toubro Ltd Board recommends Final Dividend of Rs. 18

Monte Carlo Fashions Ltd Board approves final dividend of Rs. 15

JK Cement Ltd Board to consider FY21 results & Dividend on June 12, 2021

Bharat Seats Ltd Board recommends Dividend of Rs. 0.50

Asian Star Company Ltd Q4FY21 consolidated PAT jumps to Rs. 38.18 crore

HIL Ltd reports Rs. 40.55 crore net profit in Q4FY21

Sagarsoft India Ltd Q4 FY2020-21 net profit at Rs. 1.40 crore

Privi Speciality Chemicals Limited Q4FY21 consolidated PAT soars to Rs. 59.86 crore

Cipla Ltd reports consolidated net profit of Rs. 413.38 crores in Q4FY21

Texmaco Infrastructure & Holdings Ltd posts consolidated PAT of Rs. 8.52 crore in Q4FY21

Larsen & Toubro Ltd Q4FY21 consolidated net profit jumps to Rs. 3292.81 crore

Bharat Seats Ltd Q4FY21 net profit at Rs. 5.39 crore

Monte Carlo Fashions Ltd Q4FY21 loss at Rs. 3.95 crore

Cholamandalam Financial Holdings Ltd Board recommends Final Dividend of Rs. 0.55

Pfizer Ltd Board to consider FY21 results & Dividend on May 26, 2021

Cholamandalam Financial Holdings Limited Q4FY21 consolidated net profit drops QoQ to Rs. 83.94 crores

Gokaldas Exports Ltd reports Q4FY21 consolidated PAT of Rs. 16.03 crore

SKF India Ltd board recommends final dividend of Rs. 14.50

Wipro Limited appoints Tulsi Naidu to its Board

Indigo Paints Limited reports Q4, FY21 earnings

Poly Medicure Ltd Board to consider FY21 results & Final Dividend on May 24, 2021

SKF India Ltd Q4FY21 PAT at Rs. 104.87 crore

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020