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Business Standard
a day ago
- Business
- Business Standard
HAL, GE near finish line to power LCA Mk2 with made-in-India engine
Companies sign manufacturing licence agreement, completing the technical negotiation stage covering the transfer of 80% of engine technology premium New Delhi Listen to This Article The crucial Light Combat Aircraft Mark-2 (LCA Mk2) programme has got a fresh boost, with Hindustan Aeronautics Ltd (HAL) on Wednesday announcing it has signed an agreement with the American engine-maker GE Aerospace to produce the GE F414 engines intended to power the combat jet in India, with substantial transfer of technology (ToT). Certain commercial aspects of the broader agreement are still being discussed, but work to ensure a swift conclusion is ongoing, said a source who did not wish to be named. The announcement comes at a time when the Indian Air Force (IAF) is in urgent need to
Time of India
2 days ago
- Business
- Time of India
Revamp of CPSE classification norms in works
Synopsis The Finance Ministry has told Parliament about plans to change how Central Public Sector Enterprises are classified and assessed. The government is studying revisions to the guidelines. Hindustan Aeronautics Ltd achieved Maharatna status last fiscal year. Eleven CPSEs were granted Miniratna status. These changes reflect ongoing efforts to refine the evaluation and categorization of public sector companies.
Time of India
4 days ago
- Business
- Time of India
Nashik airport records 56% rise in passenger traffic in April-June period in 2025-26 financial year
Nashik: The Nashik airport, managed by Hindustan Aeronautics Ltd (HAL), recorded a 56% rise in air passenger traffic in the April-June period of the 2025-26 financial year. The airport saw 1.06 lakh flyers in this period, compared to 67,694 passengers during the same period of 2024-25 financial year, revealeds the data provided by the airport authority. This is the first time that passenger traffic at the Nashik airport crossed the 1lakh mark in the first quarter of any financial year. The rise in passenger traffic is due to improved air connectivity with more cities. Passenger footfall at the airport has increased steadily over the past year due to positive responses from air passengers. At present, a private airline operates flights from the Nashik airport to six destinations: Delhi, Goa, Ahmedabad, Hyderabad, Bengaluru, and Indore. The airline is also planning to start flights from Nashik to Kolkata in the coming months. Due to higher occupancy, the airline started 232-seater Airbus A321 flights on the Nashik-Delhi and Nashik-Bengaluru routes from March 30. Previously, the airline operated 180-seater Airbus A320 flights on these routes. Deploying larger Airbus aircraft on the Nashik to Delhi and Bengaluru routes also led to a rise in passenger traffic in the April-June period of the current financial year, said sources. In the 2024-25 financial year, the Nashik airport recorded a footfall of 3.4 lakh passengers, compared to 2.4 lakh passengers during the previous financial year (2023-24). Total passenger footfall at the airport in 2022-23 was recorded at 1.07 lakh passengers. Ashish Nahar, the president of the Nashik Industries and Manufacturers' Association (Nima), said the airport has huge potential for air service because of the various industrial, business, and tourism potentials of Nashik. The defence PSU HAL, various central govt projects, and major multinational companies have their bases in Nashik. Apart from the major religious places, Nashik is also known as the wine capital of the country as it houses the maximum number of wineries. Moreover, Nashik is one of the four places in the country where the Kumbh Mela is held every 12 years. Hence, the airport has huge potential, said Ashish Nahar. "Moreover, the upcoming Simhastha Kumbh Mela is also being held between 2026 and 2028 in Nashik, and passenger traffic will increase significantly at the Nashik airport during the mega religious event. We are also pursuing the state govt for the expansion of the Nashik airport," added Nahar. Manish Rawal, the chairman of Nima's aviation committee, said the occupancy in all the flights from Nashik is around 90% on average. Most of the time, the occupancy in 232-seater Airbus A321 flights on the Nashik-Delhi and Nashik-Bengaluru routes is 100%. "There is a need for a second daily Nashik-Delhi flight considering the footfall of passengers," added Rawal, who is also a vice-president of Nima.
Time of India
18-07-2025
- Business
- Time of India
Nashik airport logs fourfold rise in air cargo movement in April-June
Nashik: The Nashik airport's air cargo operations recorded a fourfold rise in the April-June period of 2025-26 financial year as compared to the same period last fiscal. The facility handled 2,416 metric tonnes of cargo, including various commodities, through 145 flights to international destinations during the three months. Tired of too many ads? go ad free now During the same period last fiscal, the airport managed 556 metric tonnes of goods via 34 cargo flights, sources from Halcon said. Halcon, which oversees cargo operations at Nashik airport, is a joint venture between Hindustan Aeronautics Ltd (HAL) and Container Corporation of India (Concor). The airport's air cargo exports included agricultural products, poultry items and industrial goods, marking the highest quarterly export volume since air cargo operations began at the airport, Halcon officials said. "During the last fiscal, the airport handled 4,161 MT of goods through 250 cargo flights. We have set a target of handling around 400 cargo flights at the facility with 7,000 MT of various goods to various international destinations during the current financial year (2025-26). So far, we have met 35% of the target," a Halcon official said. Ashish Nahar, president, Nashik Industries & Manufacturers' Association (NIMA), which is an apex body of industries in Nashik, said it was a positive development for Nashik. "In fact, there is huge potential for the air cargo movement from Nashik airport. NIMA is also making efforts to boost exports from Nashik as much as possible," Nahar said. Transport of goods via passenger flights to Delhi, Bengaluru gets a boost Goods transport via passenger flights from Nashik airport has received a boost due to increased air connectivity. Currently, a private airline operates flights to six destinations — Delhi, Bengaluru, Hyderabad, Ahmedabad, Goa and Indore. Tired of too many ads? go ad free now Around 124 tonnes of various goods were transported to Delhi, Bengaluru, Hyderabad and Ahmedabad via passenger flights from Nashik airport during the first quarter (April-June) of the current financial year 2025-26. The goods included flowers, vegetables, automobile spare parts and couriers, sources with a private airline said. During the last financial year (2024-25), around 165 tonnes of various goods were sent via passenger flights to these destinations from the airport. The passenger flights also have the capacity to transport around three to six tonnes of various goods. The private airline is operating 232-seater Airbus A321 flights on Nashik-Delhi and Nashik-Bengaluru routes, while it is operating 180-seater Airbus A320 flights on the other four routes. Considering the rise in the transport of goods via passenger flights, the private airline has also set up its office at the Air Cargo complex of Halcon adjacent to Nashik airport for booking of goods.
Time of India
17-07-2025
- Business
- Time of India
HAL receives first set of wing assemblies for Tejas LCA from L&T
State-run aerospace major Hindustan Aeronautics Ltd (HAL) on Thursday received the first set of wing assemblies for its Tejas Light Combat Aircraft (Mk1A) programme. The wing assemblies have been produced by Larsen & Toubro. Explore courses from Top Institutes in Select a Course Category healthcare Data Science Data Science Artificial Intelligence Digital Marketing Others Operations Management MBA MCA Healthcare Design Thinking Degree Cybersecurity Project Management others Management Finance Leadership Product Management PGDM CXO Technology Data Analytics Public Policy Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details HAL Chairman and Managing Director D K Sunil described it as a "testament" to years of "dedicated hand-holding and a shared commitment to excellence" by the aerospace major and the L&T. "The HAL is working with suppliers, both large and SMEs, as an initiative towards achieving Aatmanirbharta in the aerospace and defence sector," he said. "The HAL has effectively built a parallel aircraft structural assembly line in the private sector which will help in capacity augmentation of the LCA Tejas programme," he said. Live Events The wing assemblies were handed over to HAL in Coimbatore. In February 2021, the defence ministry sealed a Rs 48,000 crore deal with HAL for the procurement of 83 Tejas Mk-1A jets for the IAF. The ministry is also in the process of procuring 97 more LCA Mk-1As at a cost around Rs 67,000 crore. The single-engine Mk-1A will be a replacement for the IAF's MiG-21 fighters. The IAF is looking at inducting the warplanes as the number of its fighter squadrons has gone down to 31 from officially sanctioned strength of 42. Tejas is a single-engine multi-role fighter aircraft capable of operating in high-threat air environments. It has been designed to undertake air defence, maritime reconnaissance and strike roles.
