&w=3840&q=100)
HAL to deliver six Tejas jets to IAF by March amid engine supply delays
The Indian Air Force will get at least half-a-dozen Tejas Light Combat Aircraft by March 2026, Hindustan Aeronautics Ltd CMD D K Sunil has said, weeks after the IAF chief flagged serious concerns over delays in the delivery of the jets.
Sunil, chairperson and managing director of the aviation behemoth, attributed the delivery delays to US defence major GE Aerospace missing the deadline for supply of its engines to power the fighter jets.
The slippage in the delivery schedule for the LCA Mk-1A variant of the jet had become a major issue with Chief of Air Staff Air Chief Marshal A P Singh raising the matter publicly.
Sunil said the delay was caused only due to the US firm's inability to supply the F404 engines on time.
In an exclusive interview with PTI Videos, the HAL chief said GE Aerospace is expected to supply 12 engines in the current fiscal. This will facilitate delivery of the jets to the IAF.
"Every company goes through its fair share of criticisms. It does happen. Unfortunately, in the case of LCA Mark 1A, we have built the aircraft. As of today, we have six aircraft lined up," he said.
"But the engine deliveries have not happened from GE Aerospace. They were to deliver the engines in 2023. Till date, we have got only one engine," he added.
The delay from GE side was initially due to production timelines falling behind during the Covid pandemic, and the subsequent departure of many senior engineers from the company, causing cascading supply chain bottlenecks.
According to Sunil, the technical issues with GE Aerospace have been sorted out and HAL is set to receive 12 jet engines by March 2026.
"I can assure you that as of today, six aircraft are ready. There is no let up from our side. We are building those aircraft and getting them ready and we will be in a position to deliver (by this fiscal)," he said.
HAL plans to produce 16 jets in the coming year provided there is steady flow of engine supplies by GE Aerospace.
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.
Sunil said the Tejas Mk-1A is a world class aircraft comprising a high-quality radar, electronic warfare suites and an array of missiles.
"It has got a full complement of avionics and weapons which make the aircraft a very potent platform. It will be very good for our Air Force," he said.
Sunil said a number of countries have evinced interest in the Tejas jet and the HAL is holding talks with some of them. "We are talking to many countries on Tejas. I hope we will have a breakthrough soon," he said, declining to elaborate further.
He also talked about HAL winning a mega contract to supply Prachand helicopters to the Indian military.
In March, the defence ministry firmed up the procurement of 156 light combat helicopter Prachand from the HAL at a cost of Rs 62,700 crore to bolster the combat capability of the military.
The HAL top executive said the delivery of Prachand will begin in 2028.
Light Combat Helicopter (LCH) Prachand is India's first indigenously designed and developed combat helicopter having capability of operating at an altitude of over 4500 metres.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
32 minutes ago
- Time of India
Credit Card holders take note: Major banks to tweak benefits from July; SBI, HDFC, Kotak revise rules - Here's what you need to know
This is an AI-generated image, used for representational purposes only. Starting July 2025, several leading banks, including SBI , HDFC Bank and Kotak Mahindra Bank, will roll out significant changes to their credit card terms, including revised insurance benefits, new transaction charges, and product migrations. Cardholders are advised to review these updates carefully to avoid unexpected costs and benefit disruptions. SBI Card: Insurance benefit withdrawn, payment rules updated SBI Card will discontinue its complimentary air accident insurance across several premium and co-branded cards from July 15, 2025. This includes the Rs 1 crore cover on SBI Card Elite, SBI Card Miles Elite and SBI Card Miles Prime, and the Rs 50 lakh cover on SBI Card Prime and SBI Card Pulse. Additionally, from August 11, 2025, this benefit will also be removed from co-branded cards like UCO Bank SBI Card ELITE, Central Bank of India SBI Card ELITE, and others, according to ET. SBI has also updated its Minimum Amount Due (MAD) calculation formula. From July 15, the MAD will include 100% of GST, EMI, charges, and finance costs, plus 2% of the remaining dues. The order of payment settlement will now be: GST > EMI > charges > finance charges > balance transfer > retail spends > cash advances. HDFC Bank: New charges on gaming, wallet loads and utilities HDFC Bank will revise several credit card charges from July 1, 2025. According to ET, a 1% transaction fee (capped at Rs 4,999/month) will now apply to: Online skill-based gaming spends over Rs 10,000/month Wallet loads exceeding Rs 10,000/month Utility bill payments above Rs 50,000/month (Rs 75,000 for business cards) No reward points will be given on gaming spends. Insurance spends remain exempt from charges, but rewards will be capped monthly: Infinia cards: 10,000 points Diners Black: 5,000 points Other cards: 2,000 points Cards like Marriott Bonvoy will continue to enjoy uncapped reward points. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Ductless Air Conditioners Are Selling Like Crazy [See Why] Keep Cool Click Here Undo Also, education, rent and fuel spends will see charges if routed through third-party apps or if they exceed defined limits, ET reported. Kotak Mahindra Bank: Myntra Card to be replaced Kotak Mahindra Bank will discontinue the Myntra Kotak Credit Card from July 10, 2025, and transition customers to the Kotak League Credit Card. Users are urged to review the new card's features and rewards structure, as the migration will automatically replace the existing benefits. With banks tightening card benefits and introducing new charges, consumers are advised to monitor their monthly spending categories, especially in areas like online gaming, wallet usage, and high-value utility payments. Reviewing terms can help avoid fees and ensure continued access to key features. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now


India.com
35 minutes ago
- India.com
This company plans stock split, board members likely to consider changes in the share capital
सेफ इंवेस्टमेंट का भी करें इंतजाम Pavan Industries Limited's stock is in focus. The company informed on Friday that it is planning a stock split. After this, the stock has come into the eyes of investors. On Friday, the company's stock fell 2.34 percent to close at ₹ 403.10 per share. The meeting of the Board of Directors of the company is scheduled to be held on July 2, 2025. In this meeting, the board will consider changes in the share capital. Under this, a proposal will be made to split the company's existing equity shares of Rs 10. This proposal will be implemented only after getting the approval of the shareholders and necessary regulatory approvals. Pavan Industries Limited Pavan Industries Limited was established in 1994. This company manufactures many important parts for the automotive sector. The company manufactures products such as steering-cum-ignition switches, fuel tank caps, throttle bodies, and carburetors for two-wheelers, three-wheelers, passenger, and commercial vehicles. Apart from this, the company also manufactures electrical products, casting components, and accessories like wheel locks, helmet locks, fuel cocks, pumps, handles, and latches. Pavan Industries Limited Net Sales In the March quarter (Q4FY25), Pavan Industries Limited reported net sales of Rs 66.23 crore and a net profit of Rs 1.82 crore. For the full financial year 2025, the company's net sales stood at Rs 308.24 crore and net profit stood at Rs 8.04 crore. Regarding the shareholding pattern, the promoters' stake remained at 61.50 percent until March 2025. While FIIs did not buy any shares in the company last year, this year they bought 8,61,614 shares, or a 6.18 percent stake. The remaining 32.32 percent of shares are held by the public. The market capitalization of the company is more than Rs 560 crore. The price-to-earnings (PE) ratio of the shares is 7x. Return on equity (ROE) is 5 percent, and return on capital employed (ROCE) is 10 percent. The stock has gained 37.30 percent so far from its 52-week low of Rs 293.30. The stock has gained 3 percent in the last one month. However, in the intervening 6 months, the stock has fallen by more than 17 percent. The stock has given a negative return of 28 percent in a year. However, in five years, the stock has given a multibagger return of 388 percent.


Time of India
an hour ago
- Time of India
Reliance Power participates in global bids for 1,500-MW gas-based power project
Anil Ambani 's Reliance Power Ltd is planning to set up a 1,500-MW gas-based power project overseas and is actively participating in several international tenders for its development, according to sources. Sources said, Reliance Power has submitted competitive bids for gas-based power projects in Kuwait, UAE, and Malaysia as part of its selective global expansion strategy. The company has recently secured two mega power projects in Bhutan - a 500-MW solar project and a 770-MW hydropower project. Based on the outcome of the ongoing international bids, Reliance Power plans to relocate two 750 MW modules of world-class equipment currently in its possession in India. The proposed project is expected to create significant value in Reliance Power's balance sheet, as the company aims to realise up to Rs 2,000 crore through the monetisation of these assets. Live Events When contacted, a Reliance Power spokesperson confirmed the company's participation in global tenders. Originally, the company had imported three modules of 750 MW world class equipment from General Electric, USA, for a gas-based combined cycle power project, out of which one module was exported to Bangladesh for an LNG based power project in partnership with Japan's JERA. Now, Reliance Power intends to deploy the remaining two modules for a similar project at an overseas location. The demand for gas-based power - widely regarded as a clean energy source - is significantly high in countries such as Kuwait, the UAE, and Malaysia. However, global suppliers like GE typically require 3 to 5 years to deliver equipment for gas or LNG-based power plants. In contrast, Reliance Power has 1,500 MW of equipment readily available, enabling it to execute such projects in the shortest possible timeframe. Reliance Power is actively focusing on renewable and clean energy. The company has a strong development pipeline, including 2.5 GWp of utility-scale solar projects and more than 2.5 GWh of Battery Energy Storage Systems (BESS). This positions Reliance Power as the largest private sector player in the integrated solar + BESS segment in India. Reliance Power has also entered into a joint venture with the Bhutan Government's Druk Holding & Investments (DHI) for the development of a 500 -MW solar project and a 770-MW hydropower project in Bhutan. This marks the largest foreign direct investment by an Indian private company in Bhutan's renewable energy sector.