Defence Ministry Signs ₹13,500 Crore Deal with HAL for 12 Sukhoi Jets

The Defence Ministry has signed a contract worth ₹13,500 crore with Hindustan Aeronautics Ltd (HAL) to procure 12 Sukhoi Su-30MKI fighter jets. The move is seen as a significant step toward bolstering India’s self-reliance in defence manufacturing under the ‘Aatmanirbhar Bharat’ initiative.

Indigenous Components in Focus

The new jets will feature 62.6% domestic content, thanks to the indigenisation of various components by Indian defence manufacturers. This reflects HAL’s efforts to strengthen India’s defence capabilities while reducing reliance on imports.

Manufacturing and Deployment

The Sukhoi jets will be produced at HAL’s Nasik division. These two-seater, long-range multi-role fighter jets, originally developed by Russian manufacturer Sukhoi, are now built in India under an intergovernmental agreement.

According to the Defence Ministry, the addition of these jets will improve the Indian Air Force’s operational capabilities and further strengthen the country’s defence preparedness.

About Hindustan Aeronautics Ltd

Hindustan Aeronautics Ltd specialises in manufacturing and maintaining aircraft and helicopters. In FY24, the company produced several new models, including the Light Combat Aircraft (LCA) Tejas Mk1A, LCA Tejas Trainer, Dornier Do-228, Advanced Light Helicopter (ALH) Dhruv, and Light Utility Helicopter (LUH), among others.

As of December 13, 2024, 10:05 AM, HAL share price stands at ₹4,695.05, up by ₹34.50 (0.74%) for the day. The stock opened at ₹4,754.50 and reached a high of ₹4,755.00, with a low of ₹4,673.00. The stock’s 52-week high is ₹5,674.75, while its 52-week low is ₹2,585.00.

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