HAL Receives RFP for Basic Trainer HTT40 from IAF

HAL has received a Request for Proposal (RFP) from the Indian Air Force for their Basic Trainers requirement here today at the on-going Aero India 2021. The documents were handed over to Mr. R. Madhavan, CMD, HAL by Air Marshal Sandeep Singh, DCAS and Mr. V. L. Kantha Rao, DG (Acquisition), Ministry of Defence. The RFP is for 70 aircraft with additional clause for 38 more. The certification will be given against the PCQR. The production will take place at HAL's two manufacturing units at Bengaluru and Nashik. The RFP has come within six years from the first flight of HAL which is shortest time-line in aircraft industry. The trainer will have more than 60 percent indigenous -content and is supported by agencies such as CEMILAC, RDAQA, ASTE and others.

Shares of Hindustan Aeronautics Ltd was last trading in BSE at Rs.976.15 as compared to the previous close of Rs. 964.8. The total number of shares traded during the day was 59718 in over 4079 trades.

The stock hit an intraday high of Rs. 978.35 and intraday low of 964.05. The net turnover during the day was Rs. 58083263.

Source : Equity Bulls

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