Updated Feb 17, 2021 | 13:02 IST
HAL (Hindustan Aeronautics Limited) and Rolls-Royce agreed to expand their partnership in India for collaboration in two significant areas. Hindustan Aeronautics Limited | Photo Credit: IANS
Mumbai: HAL (Hindustan Aeronautics Limited) reported a healthy set of numbers in Q3 FY21 with the profit at Rs 853 crore vs Rs 460 crore, up 85 per cent YoY and revenue at Rs 5,425 crore vs Rs 4,455 crore, up 22 per cent YoY. Recently the company has entered a number of partnerships and collaborations.
HAL and Rolls-Royce on Friday agreed to expand their partnership in India for collaboration in two significant areas expanding the supply chain for both civil and defence aerospace and establishing an authorised maintenance centre for Adour Mk871 engines to support Rolls-Royce s global customers. Hindustan Aeronautics Limited and Mishra Dhatu Nigam Limited (MIDHANI) signed a Memorandum of Understanding (MoU) for development
Parliamentary Committee discusses budgetary allocation to Defence Ministry
By IANS |
Published on
Wed, Feb 17 2021 15:12 IST |
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Budget proposals positive for insurance sector: Fitch Ratings. Image Source: IANS News
New Delhi, Feb 17 : A Parliamentary Standing Committee on Wednesday analysed budgetary allocation and expenditure of Ministry of Defence, which has been allocated Rs 4,78,196 crore in the Budget 2021-2022.
Expenditure on salaries of armed forces and civilians, modernisation of armed forces, production establishments, maintenance, and research and development organisations were the major issues of the meeting.
The 31-member Committee that includes 21 parliamentarians from the Lok Sabha and 10 from the Rajya Sabha also discussed issues of large pension expenditure, lower capital outlay, and high import dependence for defence procurement.
Defence PSU disinvestment: Govt to sell stake in BEML, Garden Reach Shipbuilders, Mishra Dhatu
While BEML is present in defence and aerospace, mining and construction, and rail and metro businesses, GRSE primarily caters to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard.
BusinessToday.In | February 8, 2021 | Updated 16:50 IST
Defence PSUs set for disinvestment are BEML Ltd, Garden Reach Shipbuilders & Engineers Limited and Mishra Dhatu Nigam Limited, Naik said.
The government plans to disinvest its stake in defence public sector undertakings (PSUs) BEML Ltd, Garden Reach Shipbuilders & Engineers Ltd and Mishra Dhatu Nigam Ltd, the Rajya Sabha was informed on Monday.
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