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Time of India
25-06-2025
- Business
- Time of India
HAL shares in focus as delay-hit Tejas jets to reach IAF by March
Hindustan Aeronautics Ltd ( HAL ) shares will be in focus on Wednesday after CMD D.K. Sunil confirmed that the Indian Air Force (IAF) will receive at least six Tejas Light Combat Aircraft (LCA) by March 2026. The assurance comes amid concerns raised by the IAF over delays in the delivery schedule. Sunil attributed the delay to U.S.-based GE Aerospace, which missed deadlines for supplying the F404 engines that power the LCA Mk-1A variant. 'The aircraft are ready. As of today, we have six aircraft lined up, but the engine deliveries from GE Aerospace have not happened. They were supposed to deliver the engines in 2023, and so far, we've received only one,' Sunil said in an interview with PTI. He added that the delays were initially due to COVID-related disruptions and the exit of senior engineers, which caused supply chain bottlenecks. However, with technical issues now resolved, HAL expects to receive 12 engines during the current fiscal year, enabling deliveries to the IAF. 'Every company faces criticism. In our case, we're prepared — the jets are ready, and we'll deliver them by the end of this fiscal,' Sunil said. Live Events The IAF had earlier raised concerns about the delay in the induction of the LCA Mk-1A, with Air Chief Marshal A.P. Singh highlighting the issue publicly. HAL now plans to produce 16 Tejas jets next year, provided the engine supply remains steady. Also Read: M&M, Coforge among 10 high-conviction stock ideas post Q4FY25 results that can rally up to 52% In February 2021, the Ministry of Defence signed a Rs 48,000 crore contract with HAL to procure 83 Tejas Mk-1A jets. An additional order for 97 more jets, worth Rs 67,000 crore, is currently in the pipeline. The single-engine Tejas Mk-1A is designed to replace the ageing MiG-21 fleet and bolster the IAF's squadron strength, which has declined to 31 from the sanctioned 42. The Tejas is a multi-role fighter equipped with advanced radar systems, electronic warfare suites, and a wide range of missiles. 'It's a potent platform with a full complement of avionics and weapons. It will serve the Air Force well,' Sunil said. Also Read: 11 Nifty mid & smallcap stocks that can rally 40-90% over the next 12 months Sunil also said HAL is in talks with several countries that have expressed interest in the Tejas aircraft. 'We hope to have a breakthrough soon,' he said, without naming the potential buyers. Additionally, HAL recently secured a major contract to supply 156 Light Combat Helicopters (LCH) Prachand to the Indian military. The Rs 62,700 crore deal was finalised in March, with deliveries expected to begin in 2028. The Prachand is India's first indigenously designed and developed combat helicopter, capable of operating at altitudes above 4,500 metres. ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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Business Standard
24-06-2025
- Business
- Business Standard
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.
The Hindu
24-06-2025
- Business
- The Hindu
Indian Air Force to get at least 6 Tejas jets by March: HAL chief Sunil
The Indian Air Force will get at least half-a-dozen Tejas Light Combat Aircraft by March 2026, the chief of Hindustan Aeronautics Ltd., which is manufacturing the cutting-edge fighter jets, has disclosed. He attributes the delivery delays to GE Aerospace missing deadline for supply of its engines. 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. HAL Chairman and Managing Director D.K. Sunil said the delay was caused only due to the U.S. 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 Indian Air Force (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 Mr. 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 ₹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 ₹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. Mr. 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. Mr. 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.
Time of India
24-06-2025
- Business
- Time of India
IAF to get at least 6 Tejas jets by March: HAL Chief D K Sunil
Hindustan Aeronautics Ltd (HAL) will deliver at least six Tejas Light Combat Aircraft to the Indian Air Force by March 2026. Delays are attributed to GE Aerospace's late engine deliveries, with only one engine received instead of the expected twelve in 2023. Despite this, HAL has six aircraft ready and anticipates producing sixteen jets next year, pending consistent engine supply. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Defence Tired of too many ads? Remove Ads The Indian Air Force will get at least half-a-dozen Tejas Light Combat Aircraft by March 2026, the chief of Hindustan Aeronautics Ltd , which is manufacturing the cutting-edge fighter jets, has disclosed. He attributes the delivery delays to GE Aerospace missing deadline for supply of its 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 Chairman and Managing Director D K Sunil said the delay was caused only due to the US firm's inability to supply the F404 engines on 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 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 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 plans to produce 16 jets in the coming year provided there is steady flow of engine supplies by GE 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 ministry is also in the process of procuring 97 more LCA Mk-1As at a cost around Rs 67,000 single-engine Mk-1A will be a replacement for the IAF's MiG-21 IAF is looking at inducting the warplanes as the number of its fighter squadrons has gone down to 31 from officially sanctioned strength of is a single-engine multi-role fighter aircraft capable of operating in high-threat air has been designed to undertake air defence, maritime reconnaissance and strike 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 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.
Hindustan Times
24-06-2025
- Business
- Hindustan Times
Indian Air Force to get at least 6 Tejas light combat aircraft in 2026, says HAL
The Indian Air Force will get at least half-a-dozen Tejas Light Combat Aircraft by March 2026, the chief of Hindustan Aeronautics Ltd, which is manufacturing the cutting-edge fighter jets, has disclosed. He attributes the delivery delays to GE Aerospace missing deadline for supply of its engines. Tejas aircrafts have been designed to undertake air defence, maritime reconnaissance and strike roles.(ANI) 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. HAL Chairman and Managing Director D K 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 ₹ 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 ₹ 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.
