The pact is significant as India has been sourcing its military jets from Russia and European consortia.
The mega procurement proposal will shortly be placed before the Defence Acquisition Council, the defence ministry's top body on procurement, they said.
State-owned Hindustan Aeronautics Ltd would now be producing and assembling 'flaperons' of Boeing-777s which are used for take-offs, landings and manoeuvering of these sophisticated airplanes.
The HAL-manufactured aircraft is around 580 kg overweight.
According to HAL, "this is the biggest ever order that HAL has placed on any Indian company boosting 'Atmanirbhar Bharat' campaign."
Before his departure, Putin visited software major Infosys on the outskirts of Bangalore and defence undertaking Hindustan Aeronautics Limited.
Even after 10 years of its production, the indigenous Advanced Light Helicopter Dhruv still depends heavily on imports as most of its components are procured from foreign sources, the Comptroller and Auditor General (CAG) has said.
A 500 million-pound deal for BAE systems, Britain's biggest defence contractor, to supply Hawk jet trainers is expected to be among a string of high-profile contracts to be signed during Prime Minister David Cameron's two-day visit to India commencing on Wednesday. BAE Systems will announce a 500 million-pound deal to build 57 Hawk trainer jets in collaboration with their Indian partners HAL near Bengaluru, as a centrepiece of Cameron's visit.
HAL defied form and name to upset former champions Dempo 4-2 to move out of the I-League's relegation zone and stay afloat for the next season.
With Mahindra United disbanding their team, Vasco Sports Club, who finished third behind HAL and ONGC in the second division, should be promoted to the elite first division of the I-League for the coming season, says Goa Football Association secretary Savio Messais.
With Aero India 2009 around the corner -- India's biggest-ever air expo, scheduled from February 11 to 15 -- HAL is readying to hand over, ahead of schedule, its first-ever export order won in a competitive contract, run last year by Ecuador for seven helicopters.
While Bangalore based state-owned Hindustan Aeronautics Limited (HAL) will fork out $300 million, Russia's United Aircraft Cooperation (UAC) will invest a similar amount for the joint venture, which will start rolling out the aircraft by 2017.
The estimated investment for the facility, which will undertake domestic and international projects, would be $100 million.
In a big relief to Hindustan Aeronautics Limited, pilot error was found to have caused the crash of the India-made Advance Light Helicopter 'Dhruv' in Ecuador in October, a probe conducted in the United States and India into the mishap has revealed. The crash, during a military parade on October 28 in the South American country, injuring two pilots, was considered a major setback to India's efforts to market its indigenous helicopters overseas.
The spacecraft structure for the mission has arrived at the ISRO satellite centre from Hindustan Aeronauticals Limited and integration work has begun, S Krishnamurthy, director, Publications and Public Relations, told PTI from Bangalore.
Lockheed Martin is in talks with Infosys Technologies, Wipro, Reliance Industries, the Tata group, Larsen & Toubro and Hindustan Aeronautics to source software services, components and systems.
While the Army will be getting around 100 light utility helicopters, it is also looking at the option of taking choppers on lease to meet its requirement.
The aircraft (HJT-36), flown by Squadron Leader Baldev Singh, took off at 1400 IST and flew for 20 minutes over the Bangalore sky.
Reliance Industries Ltd was the biggest wealth creator during the five-year period from 2018 to 2023 while Adani Enterprises Ltd was the top all-round wealth creator, according to a study by Motilal Oswal Financial Services. The study, based on stock market performance of companies, said for the fifth time in succession, Reliance emerged as the largest wealth creator, adding Rs 9,63,800 crore wealth over 2018-23. It was followed by Tata Consultancy Services (Rs 6,77,400 crore wealth addition), ICICI Bank (Rs 4,15,500 crore), Infosys (Rs 3,61,800 crore) and Bharti Airtel (Rs 2,80,800 crore).
Kalra, currently the deputy general manager (customer relations) of state-run Hindustan Aeronautics Limited, was picked up from his office at Scope Complex on Friday morning.
There is no change in India's Pakistan policy after general elections in the neighbouring country, Defence Minister A K Antony said on Saturday. "There was no change in our policy towards Pakistan," he told mediapersons at the Hindustan Aeronautics complex in Nashik.
The Rs 240-crore worth Helicopter Academy to Train by Simulation of Flying (HATSOFF) will become a reality in Bangalore by 2010.
Under a memorandum of understanding signed in New Delhi by Jim Albaugh, President of Boeing Integrated Defence System and HAL Chairman Ashok K Baweja, the Indian defence PSU, will manufacture subsystems for Boeing's wide range of fighter planes like F-15, F-18 Super Hornetts and Apace Helicpoters.
A Saras trainer aircraft crashed near Bidadi in Bengaluru on Friday afternoon. 3 people were reported killed in the crash.
The agreement with HAL is irrespective of the decision made by Indian Navy whether to go for Hawkeye or not.
The Nigerian duo of Odafe Onyeka Okolie and Chidi Edeh hogged the limelight for Churchill Brothers and Mahindra United respectively as both teams got off to winning starts in the Federation Cup football tournament. Odafe inspired a 10-man Churchill to a 2-1 win over Mohammedan Sporting, while Mahindra United blanked a hapless Hindustan Aeronautics Limited 3-0.
A couple of sites are being explored for the proposed centre, which will have a capacity to train 300-400 people at a time.
The taxation of payments by Indian companies for importing defence material and oil and gas equipment from various countries like Russia, Ireland, Greece and Georgia will now become easier following an Income Tax Appellate Tribunal order.
Oil and Natural Gas Corporation, which has seen two major mishaps in the last two years at its Bombay High oilfields, on Thursday came out with a contingency plan for effective disaster management.\n\n
A day after Ecuador threatened to return the Indian-made Dhruv fleet, Hindustan Aeronautics Limited on Friday rushed a three-member team including its chief test pilot to Quito to investigate the air crash involving one of the seven helicopters.
IT company Tata Consultancy Services and aircraft design company Hindustan Aeronautics Ltd have entered into a strategic partnership to provide engineering solutions for the global aerospace industry.
The maiden flight of IJT was preceded by a display of Dhruv highlighting its performance.
The fourth round match in the National Football League ended goalless.
India will soon have a dedicated global facility to convert passenger airplanes to cargo planes, with state-run aerospace major Hindustan Aeronautics Limited planning a full fledged conversion centre for Boeing aircraft
Security has been stepped up in Lucknow, particularly at the Hindustan Aeronautics Limited premises, after an SMS threatening a blast was received by the office of the Director General of Police. Police officials confirmed that an SMS was received on Wednesday and security measures were tightened immediately at important places of the state capital. The Anti-Terrorist Squad of the state police has been entrusted with the investigation into the case.
Shares of public sector enterprises have corrected by up to 22 per cent month-to-date until March 19, 2024. Analysts attribute this steep fall to the valuation exuberance seen after a sharp run in these counters last year and suggest investors remain selective regarding the stocks in this space. "The rally in public sector undertaking (PSU) stocks has been stretched and sharp, although it is somewhat justified by improvements seen in earnings, operations, balance sheets, and overall profitability.
An important milestone for the naval programme of Bangalore-based Aeronautical Development Agency, the aircraft was brought out of the hanger where it was assembled part-by-part during the rollout.
The police on Friday arrested two more Maharashtra Navnirman Sena students' wing activists in connection with the death of an Hindustan Aeronautical Limited employee due to the violence sparked off after the arrest of party chief Raj Thackeray.
