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India Today
15-07-2025
- Business
- India Today
India, US close to finalising jet engine co-production deal for fighter aircraft
India and the United States are moving closer to finalising the much-anticipated deal for the co-production of GE-414 jet engines, defence officials informed India agreement is expected to be signed by the end of this financial year. Once inked, the deal will mark a significant step forward in India's aim to become a leading jet engine manufacturer in the coming GE-414 engines are set to power the upcoming LCA Mark 2 fighter jets, which are expected to be inducted into the Indian Air Force (IAF) within the next four years. The deal has faced delays due to prolonged discussions between Hindustan Aeronautics Limited (HAL) and US-based GE Aerospace. Under the agreement, the engines will be manufactured in India, contributing to the country's self-reliance on defence a parallel development, India received the second GE-404 engine from the US on Monday for the LCA Mark 1A programme. The engine was handed over to HAL, which is set to receive 12 more GE-404 engines by the end of the financial engines will power the LCA Mark 1A aircraft, for which the IAF has already placed an order for 83 units. A proposal to procure 97 additional fighters is also in an advanced stage of this year, GE Aerospace delivered the first of 99 F404-IN20 engines to HAL for the same programme. HAL is now working to integrate these engines into the Mark 1A jets and aims to deliver more than 10 aircraft to the IAF reviews of the project continue, with Principal Secretary to the Prime Minister PK Misra recently visiting HAL's Bengaluru facility to assess progress on both the LCA Mark 1A and Mark 2 LCA Mark 2 is envisioned to replace the aging Mirage 2000, Jaguar, and MiG-29 fleets by around 2035. In the next decade, India aims to manufacture over 400 LCA jets powered by variants of GE engines.- EndsTune InMust Watch
India Gazette
15-07-2025
- Business
- India Gazette
India gets second GE-404 engine for LCA MK-1A, to receive 12 more by end of current fiscal
New Delhi [India], July 15 (ANI): In a significant development, India on Monday received the second GE-404 engine from the US for the LCA Mark 1A fighter jet aircraft programme, Defence officials said. The engine has been received by the Public sector firm Hindustan Aeronautics Limited (HAL) and it is expected to receive 12 more GE-404 engines by the end of this financial year. The engines will be fitted on the LCA Mark 1A fighter jets. The delivery of the engines had been delayed by more than a year due to supply chain issues faced by the American engine manufacturing firm. Indian Air Force has placed orders for 83 LCA Mark 1A fighter jets and a proposal to buy 97 more of these planes is at an advanced stage after the clearance from the Defence Ministry, officials said. Earlier this year, GE Aerospace delivered the first of 99 F404-IN20 engines to HAL for the Light Combat Aircraft Mk 1A fighter jet. The HAL is planning to integrate the engines with the Mark1A fighters and supply over 10 of these planes to IAF. Recently, Principal Secretary to Prime Minister PK Misra had visited the HAL facilities in Bengaluru and received the LCA Mark 2 project along with the Mark 1A programme. The LCA Mark 2 project is expected to be the replacement for the aging fleet of Mirage 2000, Jaguar and MiG-29 aircraft around the year 2035. Over 400 indigenous LCA aircraft are expected to be built by India with the American GE engine variants in the next over 10 years. More than Rs 9000 Crore have been sanctioned for the development of LCA Mk 2, an updated and more lethal version of LCA Tejas. To further promote indigenisation, including of the aircraft engine, Transfer of Technology for manufacturing of the GE engine in India was negotiated with GE during Prime Minister's visit to the US in June 2023. In the coming years, Tejas would be the largest fleet of fighter aircraft to be operated by the Indian Air Force. (ANI)
Time of India
15-07-2025
- Business
- Time of India
India gets second GE-404 engine for LCA MK-1A, to receive 12 more by end of current fiscal
Representative image (ANI) In a significant development, India on Monday received the second GE-404 engine from the US for the LCA Mark 1A fighter jet aircraft programme, defence officials said. The engine has been received by the public sector firm Hindustan Aeronautics Limited (HAL) and it is expected to receive 12 more GE-404 engines by the end of this financial year. The engines will be fitted on the LCA Mark 1A fighter jets. The delivery of the engines had been delayed by more than a year due to supply chain issues faced by the American engine manufacturing firm. Indian air force has placed orders for 83 LCA Mark 1A fighter jets and a proposal to buy 97 more of these planes is at an advanced stage after the clearance from the defence ministry, officials said. Earlier this year, GE Aerospace delivered the first of 99 F404-IN20 engines to HAL for the Light Combat Aircraft Mk 1A fighter jet. The HAL is planning to integrate the engines with the Mark1A fighters and supply over 10 of these planes to IAF. Recently, principal secretary to Prime Minister PK Misra had visited the HAL facilities in Bengaluru and received the LCA Mark 2 project along with the Mark 1A programme. The LCA Mark 2 project is expected to be the replacement for the aging fleet of Mirage 2000, Jaguar and MiG-29 aircraft around the year 2035. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Luxury Views, Affordable Prices - Binghatti Hillviews Binghatti Developers FZE Learn More Undo Over 400 indigenous LCA aircraft are expected to be built by India with the American GE engine variants in the next over 10 years. More than Rs 9000 Crore have been sanctioned for the development of LCA Mk 2, an updated and more lethal version of LCA Tejas. To further promote indigenisation, including of the aircraft engine, Transfer of Technology for manufacturing of the GE engine in India was negotiated with GE during Prime Minister's visit to the US in June 2023. In the coming years, Tejas would be the largest fleet of fighter aircraft to be operated by the Indian Air Force.
India Today
05-06-2025
- Business
- India Today
Stocks to watch on June 5: Reliance Infra, Yes Bank, BEL, HAL, REC, Power Grid
Dalal Street witnessed a positive close in the last session, breaking its recent losing streak. The gains were driven by positive global cues and expectations of a rate cut from the Reserve Bank of India (RBI).Investors are keenly watching the RBI policy meeting amid hopes for clarity on future growth and inflation Nair, Head of Research at Geojit Investments Limited, said that the domestic market's narrow range trading with a mildly positive bias, fuelled by strong U.S. job data and easing tensions in US-China trade. Mid- and small-cap stocks notably outperformed due to better-than-expected earnings growth and valuation Adani Airports HoldingsAdani Airports Holdings Ltd, a subsidiary of Adani Enterprises Ltd, announced securing USD 750 million in financing from a consortium of international banks, including First Abu Dhabi Bank, Barclays, and Standard Chartered. This significant funding is set to support the next phase of the company's growth, solidifying its position as India's largest private airport InfrastructureIn the corporate sector, Reliance Infrastructure received a substantial relief as the appellate tribunal NCLAT stayed insolvency proceedings against the company. This decision provides a breather for the company amid its ongoing financial BankYes Bank saw a reduction in ownership from CA Basque Investments, which pared its stake by 2.62% through an open market transaction. This move indicates a strategic adjustment by the private equity investor within the banking Ltd's board has approved raising up to Rs 1.55 lakh crore through the private placement of bonds or debentures. This initiative aims to bolster the company's financial position and support its expansive project Electronics Ltd (BEL) announced it has secured fresh orders amounting to Rs 537 crore since May 16. This development highlights the company's robust order book and continued demand in the defence Grid CorporationPower Grid Corporation of India Ltd acquired MEL Power Transmission Ltd for Rs 8.53 crore. This acquisition underscores Power Grid's strategy to enhance its transmission capabilities and Aeronautics Ltd (HAL) reported progress in its negotiations with General Electric regarding engines for the LCA Mark 2 aircraft. The company clarified that it is not in talks with any other firms for these engines, countering recent media reports.
