HAL and Rolls-Royce have signed an agreement for Make-in-India Adour engine parts to support Rolls-Royce's international defence customer base.
The agreement was exchanged between Mr. B Krishna Kumar, Executive Director (Engine & IMGT), HAL and Mr. Abhishek Singh, Senior Vice President - Defence, India and South East Asia, Rolls Royce here, today.
Through this partnership, Rolls-Royce aims to strengthen the ecosystem for Adour engines in India by building on HAL's existing capabilities for manufacturing and supporting the Adour engines for Indian customers over several decades. This follows the MoU signed by Rolls-Royce and HAL during the Aero India 2021 to establish an Authorized Maintenance Centre for Adour at HAL to support international military customers and operators.
On the occasion, Mr. R. Madhavan, CMD, HAL said, "With over 30 years' experience of supporting repair and maintenance services for the Adour engines in India, HAL has the capability and capacity to support a large defence customer base. This is the first order for supply of spares for the Adour Global Supply chain. We plan to be a key player in the supply chain of Adour engines and expect more orders to follow. We look forward to working with Rolls-Royce to build on this capability to serve global market for supply of spares and MRO of Adour engines. This new partnership will create avenues for the two companies to expand the defence sourcing footprint in India."
Commenting on the partnership with HAL, Mr Kishore Jayaraman, President, Rolls-Royce India and South Asia from Rolls-Royce said, "Our valued partnership with HAL has grown from strength to strength over the last few decades and this is a significant step towards strengthening the defence manufacturing ecosystem in India, and to help catapult India's vision for the defence sector to 'make in India' for the world."
Mr. Alex Zino, Executive Vice President - Business Development and Future Programmes (Defence) said, "We are excited to expand our long-standing partnership with HAL to support long term sustainment of our Adour engines for both Indian and global customers. We believe that HAL's expertise in manufacturing and supporting Adour engines will pave the way for several of our customers to successfully operate the Adour engines for many more years. This is our first defence supplies agreement in India and creates an opportunity for India to increase its defence exports given the robust demand forecast for high precision components in this sector."
Mr. C.B. Ananthakrishnan, Director (Finance), Mr. M.S. Velpari, Director (Operations) and Mr. Amitabh Bhatt, CEO (Bangalore Complex) from HAL were also present on the occasion.
Shares of Hindustan Aeronautics Limited was last trading in BSE at Rs. 1409.4 as compared to the previous close of Rs. 1404.7. The total number of shares traded during the day was 73956 in over 5218 trades.
The stock hit an intraday high of Rs. 1440.95 and intraday low of 1370.15. The net turnover during the day was Rs. 103606345.