Latest news with #TejasMk1
Mint
29-05-2025
- Business
- Mint
Air Force chief flags delays in defence systems, says ‘contract signed knowing systems will never come'
India's Air Chief Marshal Amar Preet Singh on Thursday, May 29, flagged delays in procurement of defence systems, saying that several contracts have been signed knowing that the projects will not be delivered. Speaking at CII Annual Business Summit, Air Chief Marshal Amar Preet Singh said, 'Many times, we know while signing contracts that those systems will never come. Timelines are a big issue. Not a single project I can think of is completed on time.' 'Why should we promise something that cannot be achieved?' he asked. Referring to the contract signed in February 2021 for 83 Tejas Mk1A fighter jets worth ₹ 48,000 crore with Hindustan Aeronautics Limited (HAL), the Air Chief stated that deliveries were scheduled to begin in March 2024. However, not a single aircraft has been delivered to date, he said. Air Chief Marshal Amar Preet Singh said the delay affected several projects. 'Deliveries of Tejas Mk1 are delayed. The prototype of Tejas Mk2 is yet to roll out. There is no prototype yet of the stealth AMCA fighter,' NDTV quoted the Air Chief Marshal as saying. Also Read | Operation Sindoor: IAF neutralised THESE Chinese-supplied Pakistani weapons in 23 minutes 'We cannot just talk about producing in India, we need to talk about designing. We need to have trust between the forces and industry. We need to be very open. Once we have committed to something, we should deliver. Air Force is trying to do its best to make in India,' he added. The Air Chief Marshal said, 'We have to be now-ready to be future-ready. In 10 years, we will have more output from industry, but what we need today, we need today. We need to quickly get our act together.' 'Wars are won by empowering our forces.'
India.com
24-05-2025
- India.com
Bad news for Pakistan, China as India's Tejas MK1 fighter jet to become more powerful by..., it will be in...
Tejas MK1 Fighter Jet: The indigenous Tejas fighter jet has added significant strength to the Indian Air Force (IAF). The process to upgrade the Tejas Mk1 combat aircraft will soon commence, enabling it to compete with modern fighter jets. Work on upgrading the Tejas Mk1 fighter jet will start in 2026. It will be upgraded in a phased manner. It should be noted that this is India's indigenous fighter jet, which will be made more powerful through upgrades. The upgrade programme is set to begin in 2026, as Hindustan Aeronautics Limited (HAL) has planned to develop the Tejas Mk1 fleet starting that year. A total of 40 Tejas Mk1 aircraft will be upgraded, comprising 32 single-seat fighters and 8 twin-seat trainers. The upgrade process includes avionics, radar, electronic warfare systems, and weapon systems. For instance, the old ELM-2032 multimode radar may be replaced with the ELM-2052 AESA radar. Along with the upgrade, the Tejas Mk1 aircraft will also undergo an overhaul. This will ensure that these fighter jets remain relevant in modern warfare for a long time. What is an overhaul? An overhaul means a comprehensive inspection of the machinery and systems of any fighter jet, followed by its repair. Damaged or defective parts of the jet are removed and new, latest parts are installed. Why is Tejas MK1 special? Tejas MK1 is India's indigenous light fighter aircraft. It has been developed by Hindustan Aeronautics Limited (HAL). It is a 4.5 generation multi-role supersonic jet. It is capable of both air-to-air and air-to-ground missions. The Tejas Mk1A is equipped with over 62% indigenous materials.
India.com
19-05-2025
- Business
- India.com
More bad news for Pakistan, China, Bangladesh as IAF set to get Tejas Mk2 fighter jet by..., HAL gives Massive update, says...
New Delhi: The Tejas series of fighter jets, which is considered to be the symbol of India's pride, with the Tejas Mk1 frequently making headlines for its remarkable performance and capabilities. Now, to strengthen India's defense sector, the Tejas Mk2 fighter jet is also under development. The company building it, Hindustan Aeronautics Limited (HAL), is working in collaboration with the Aeronautical Development Agency (ADA). HAL has now shared the timeline for its development and delivery. So, let's find out when the Tejas Mk2 will be inducted into the Indian Air Force. Here are some of the key details: According to the reports, the first prototype of the Tejas Mk2 will be ready by the end of 2025. Its first take-off test will happen in 2026. During ground testing, engine runs, low-speed and high-speed taxi trials will be conducted. Tejas Mk2 is expected to receive Basic Essential Operational Clearance by 2028. The production will begin in 2028–2029. The target is to start deliveries to the Indian Air Force from 2032. The special feature of this fighter jet is that it is an indigenously developed combat aircraft. The Tejas Mk2 will initially have 82 percent indigenous components. After the licensed production of the engine begins, it will be considered 90 percent indigenous. This project will strengthen the vision of an Atmanirbhar Bharat (self-reliant India). How many orders could be placed? In the initial phase, an order for 120 Tejas Mk2 fighter jets will be placed. The order is likely to increase to 180 units by 2035. The Indian Air Force aims to induct 200 Tejas Mk2 aircraft into service by the year 2040. These fighter jets will replace older aircraft like the Jaguar, Mirage 2000, and MiG-29. What are the features of the Tejas Mk2 fighter aircraft? The Tejas Mk2 will be a 4.5-generation fighter aircraft. This means it will be more advanced than the Tejas Mk1, but slightly behind the fifth-generation AMCA which is under development. The Tejas Mk2 will be equipped with a powerful F414-INS6 engine, AESA radar, and advanced weaponry. Some reports claim that the Tejas Mk2 will feature a cockpit compatible with night vision goggles, enabling it to target enemies even in darkness.
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Business Standard
14-05-2025
- Business
- Business Standard
HAL Q4 result: Net profit dips 7.7% to ₹3,977 crore, revenue drops 7.2%
Hindustan Aeronautics Q4 FY25 result: HAL reported ₹13,700 crore in revenue from operations New Delhi Hindustan Aeronautics Limited (HAL) on Wednesday reported a 7.7 per cent dip in consolidated net profit (attributed to owners) at ₹3,977 crore for the fourth quarter (Q4) of the financial year 2024-25 (FY25). During the same period last year, the defence public sector undertaking (PSU) reported ₹4,309 crore in net profit. Sequentially, however, net profit more than doubled, growing 176 per cent from ₹1,440 crore. Consolidated revenue from operations for the fourth quarter dropped 7.2 per cent to ₹13,700 crore year-on-year from ₹14,769 crore. On a quarterly basis, however, revenue zoomed 97 per cent from ₹6,957 crore. HAL Q4 highlights HAL financial year results For the entire financial year that ended on March 31, 2025, the defence PSU reported a 9.7 per cent rise in consolidated net profit to ₹8,364 crore compared to ₹7,621 crore reported at the end of FY24. Consolidated revenue from operations, meanwhile, largely remained flat at ₹30,981 crore compared to ₹30,381 crore reported at the end of the last financial year. Revenue: Flat at ₹30,981 crore Net profit: ₹8,364 crore, up 9.7 per cent EPS: ₹125.07 (basic and diluted) The company's board of directors, in its meeting on February 12, 2025, had declared a first interim dividend of ₹25 per fully paid equity share of ₹5 for FY25. Shares of HAL advanced 4 per cent in trade on Wednesday, logging an intraday high at ₹4,798 per share on BSE after posting Q4 results. The state-owned aerospace and defense company is shifting from a traditional licensed production model to an indigenised approach. It is currently working on key projects such as Tejas Mk1, Tejas Mk1A, the Su-30 upgrade, Dornier-25, and the Light Utility Helicopter (LUH), among others. These projects are expected to drive manufacturing revenue growth for HAL.
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Business Standard
14-05-2025
- Business
- Business Standard
HAL shares up 4% despite posting fall in Q4 YoY PAT; Here are more details
Hindustan Aeronautics or HAL share price advanced 4 per cent in trade on Wednesday, logging an intraday high at ₹4,798 per share on BSE after posting Q4 results. The stock gained for the second consecutive session, gaining nearly 7 per cent in two days. At 1:45 PM, HAL shares were up 2.44 per cent at ₹4,767.4 per share on the BSE. In comparison, the BSE Sensex was up 0.12 per cent at 81,248.65. The market capitalisation of the company stood at ₹3,18,634.50 crore. The 52-week high of the stock was at ₹5,675 per share and the 52-week low of the stock was at ₹3,045.95 per share. In the past one year, HAL shares have gained 13 per cent as against Sensex's rise of 11 per cent. Catch Stock Market Updates Today LIVE HAL Q4 results 2025 The aerospace and defence company posted its Q4 results on Wednesday during market hours. The consolidated net profit for the quarter under review stood at ₹39,766.6 crore as compared to ₹43,087.1 crore a year ago, recording a decline of 7.7 per cent year-on-year (Y-o-Y). The company's consolidated revenue from operations stood at ₹1,36,998.5 crore in Q4, down 7.2 per cent from ₹1,47,687.5 crore in Q4FY24. Domestic brokerage Motilal Oswal in its April 11, 2025, report initiated coverage on HAL with a 'Buy' rating and set the target at ₹5,100 per share as the company boasts a strong order book of ₹1.8 trillion as of March 31, 2025, along with a promising prospect pipeline of ₹6 trillion, which is likely to be awarded over the next few years. The company, according to Motilal Oswal is transitioning from a traditional licensed model to an indigenised model and is currently working on marque projects such as Tejas Mk1, Tejas Mk1a, Su-30 upgrade, Dornier-25, and Light Utility Helicopter (LUH), et al. These projects are anticipated to fuel manufacturing revenue growth for HAL. ALSO READ | About HAL HAL is a state-owned aerospace and defense company based in India. It is one of the largest aerospace manufacturers in Asia and plays a critical role in the development, production, and maintenance of aircraft, helicopters, and related systems for the Indian Armed Forces and civilian markets. The company has been instrumental in producing fighter jets, transport aircraft, and advanced avionics systems. It is also a key player in the defense sector, contributing to India's self-reliance in defense manufacturing.
