Union Cabinet approves procurement of 70 HTT-40 Basic Trainer Aircraft from HAL for Indian Air Force at a cost of over Rs 6,800 crore

The Union Cabinet has approved procurement of 70 HTT-40 Basic Trainer Aircraft from Hindustan Aeronautics Limited (HAL) for the Indian Air Force at a cost of Rs 6,828.36 crore. The aircraft will be supplied over a period of six years.

The HTT-40 is a turbo prop aircraft and is designed to have good low speed handling qualities and provide better training effectiveness. This fully aerobatic tandem seat turbo trainer has air-conditioned cockpit, modem avionics, hot re-fueling, running change over and zero-zero ejection seats. The aircraft will meet the shortage of basic trainer aircraft of IAF for training of newly inducted pilots. The procurement will include associated equipment and training aids including simulators. Being an indigenous solution, the Aircraft is configurable for upgrades to incorporate the futuristic requirements of the Indian Armed Forces.

The HTT-40 contains approx. 56% indigenous content which will progressively increase to over 60% through indigenisation of major components and subsystems. The HAL would engage Indian private industry, including MSMEs, in its supply chain. The procurement has the potential to provide direct employment to approx. 1,500 personnel and indirect employment for up to 3,000 people spread over more than 100 MSMEs.

The acquisition of the HTT-40 provides fillip to the Indian Aerospace Defence ecosystem and boosts efforts towards 'Aatmanirbhar Bharat'.

Shares of Hindustan Aeronautics Limited was last trading in BSE at Rs. 2685.70 as compared to the previous close of Rs. 2573.75. The total number of shares traded during the day was 41570 in over 3381 trades.

The stock hit an intraday high of Rs. 2690.25 and intraday low of 2574.35. The net turnover during the day was Rs. 110343340.00.

Source : Equity Bulls

Keywords

HindustanAeronautics INE066F01012 HAL Aerospace UnionCabinet ProcurementApproval HTT40 BasicTrainerAircraft IAF