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Hindustan Aeronautics informs about clarification

16 Apr 2024 Evaluate
With reference to email dated 15th April, 2024 received from NSE and BSE for verification of media report ‘Hindustan Aeronautics bags order for 97 Tejas Fighter Jets from Defence Ministry’, Hindustan Aeronautics has clarified that, only Request for Proposal (RFP) has been issued to HAL in April 2024 and the contract is yet to be signed. Further, it would like to inform that, Acceptance of Necessity (AON) was accorded by Defence Acquisition Council (DAC) in November 2023 for procurement of LCA Tejas MK1A aircraft from HAL, which was informed to the Stock Exchanges on 30th November, 2023. Subsequently, HAL received Request for Proposal (RFP) for 97 LCA Tejas MK1A aircraft in April 2024. On submission of price bid by HAL, contract negotiations would be held with the customer and subsequently the contract with IAF will get concluded; Since, only RFP has been received by the Company, and the process as explained above needs to be followed before conclusion of the Contract, the subject news article does not fall under the purview of Regulation 30 of the SEBI (LODR) Regulations, 2015. Hence, on award of the contract, the subject disclosure will be made by the Company.

The above information is a part of company’s filings submitted to BSE.

Hindustan Aeron Share Price

4387.10 22.15 (0.51%)
17-Apr-2026 16:59 View Price Chart
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