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Hindustan Aeronautics bags contract worth Rs 5,249.72 crore

01 Mar 2024 Evaluate

Hindustan Aeronautics has signed contract with Ministry of Defence for Manufacture and Supply of RD-33 Aero Engines for MiG-29 aircraft, at a cost of Rs 5,249.72 crore.

These Aero Engines are expected to fulfill the need of Indian Air Force (IAF) to sustain the operational capability of the MiG-29 fleet for the residual service life. The aero-engines will be manufactured under Transfer of Technology (TOT) license from the Russian OEM. The programme will focus on indigenisation of several high value critical components, which would help increase the indigenous content of future Repair and Overhaul (ROH) tasks of RD-33 aero-engines. 

Hindustan Aeronautics is Bengaluru based Defence Public Sector Undertakings (DPSU) Company engaged in the design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including, aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures.

Hindustan Aeron Share Price

4356.95 14.25 (0.33%)
21-Apr-2026 16:59 View Price Chart
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