GENERAL
HAL To Acquire 50% Stake In Hatsoff, Make It Wholly Owned Subsidiary
Hindustan Aeronautics Ltd (HAL), the state-owned aerospace and defence company, has entered into an agreement to acquire the remaining 50% stake in Hatsoff Helicopter Training Pvt Ltd from CAE, Canada, for nil consideration. The transaction involves the acquisition of 3.84 crore equity shares held by CAE. Following the transfer, Hatsoff will become a 100% wholly […]
CW Bureau
·
Oct 2, 2026
MANUFACTURING
HAL Hands Over Tejas, HTT-40 Trainers And Dhruv NG Helicopters
Hindustan Aeronautics Ltd (HAL) has handed over two LCA Tejas Final Operational Clearance (FOC) twin-seater trainers and three HTT-40 basic trainer aircraft to the Indian Air Force (IAF), along with four Dhruv Next Generation (NG) helicopters to Pawan Hans Ltd (PHL). The handover took place in Bengaluru in the presence of Defence Minister Rajnath Singh […]
CW Bureau
·
Sep 18, 2026
MANUFACTURING
BEL Nod For 50:50 JV With SED To Make HAMMER Smart Weapon In India
Bharat Electronics Limited (BEL), a Navratna defence PSU, has approved the signing of a joint venture agreement with France-based Safran Electronics & Defence (SED) to manufacture the HAMMER (Highly Agile Modular Munition Extended Range) smart air-to-ground weapon system in India, with localisation of up to 60%. The proposed 50:50 joint venture will focus on the […]
CW Bureau
·
Feb 16, 2026
