Government company HAL will bring glory to the country, this big news came on Independence Day

Hindustan Aeronautics Limited (HAL), a government company that manufactures Tejas aircraft and many types of defense weapons, is going to make another new record. 

On the occasion of Independence Day, news has come that the company can now manufacture jet engines used in aircraft in India itself. Currently, some parts related to Boeing engines are manufactured in India, but India is still dependent on imports for jet engines or aircraft.

The Defense Ministry may soon sign a deal to manufacture 230 jet engines for Sukhoi 30MKI in India. This deal may be worth Rs 21,000 crore. Under this deal, HAL will manufacture the jet engines in the country itself.

Old engines will be replaced in Sukhoi aircraft

HAL will manufacture these engines in the country from the very beginning. That is, HAL will do everything from the raw material of these engines to replacing the old engines in Sukhoi fighter planes. 

The delivery of these engines will begin in the next few years. ET has reported, quoting sources with knowledge of this, that these engines will be replaced after the life of the old engines ends. By the way, about 950 AL 31 FP engines will be needed for the entire Sukhoi fleet.

HAL will manufacture these engines under a license agreement. However, a high level of localization will be used in these. Most of the amount of this order deal will go to the vendors and HAL's supplier base.

Not only will the engine of Sukhoi 30MKI aircraft be replaced, but there is also a plan to upgrade these aircraft. This includes equipping these aircraft with new radars and new electronic warfare suits. India will upgrade about 100 aircraft in the first phase.

HAL's share can become a rocket

After this deal, HAL's stock can rocket again, as this will be the first time in the country when jet engines will be manufactured domestically. Anyway, HAL's stock can rise by 64.84 percent till now in the year 2024. The company's stock is trading at Rs 4,658.90 on Wednesday.