New Delhi: Centre has signed a 623.70 billion rupees ($7.03 billion) deal with state-run Hindustan Aeronautics Ltd (HAL) HIAE.NS for Tejas Mk-1A fighter aircraft for the Indian Air Force (IAF), the defence ministry said in a statement on X on Thursday.
The order is critical for the IAF, whose fighter jet strength is fast depleting. It comes at a time when New Delhi is seeking to bolster its home-grown defence capabilities in the aftermath of a deadly conflict with old foe Pakistan.
HAL, whose earnings have been pressured by delays in the supply of aircraft, has promised faster deliveries. Next Article