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The Ministry of Defence has signed a ₹13,500-crore deal with HAL for 12 Su-30MKI jets, featuring 62.6% indigenisation. HAL share price closed at ₹4,661.10, reflecting a 0.25% rise.
In a major push to enhance India’s air combat capabilities, the Ministry of Defence (MoD) has signed a ₹13,500-crore contract with Hindustan Aeronautics Ltd (HAL) for the procurement of 12 Su-30MKI fighter jets. The deal includes associated equipment and incorporates 62.6% indigenisation, aligning with the ‘Aatmanirbhar Bharat’ initiative. The Su-30MKI jets will bolster the Indian Air Force's operational strength and defence preparedness.
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Contract Value: ₹13,500 crore, inclusive of taxes and duties.
Aircraft Production: Su-30MKIs to be produced at HAL's Nashik division.
Indigenisation Level: 62.6%, supported by Indian defence manufacturers.
HAL Share Price: Closed at ₹4,661.10, up 0.25% on BSE.
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The Su-30MKI, a Russian-origin aircraft, is manufactured domestically by HAL under an intergovernmental framework. The jets will be produced at HAL’s Nashik facility, incorporating indigenised components developed by Indian defence industries.
Details | Information |
Contract Value | ₹13,500 crore |
Indigenisation Percentage | 62.6% |
Manufacturing Facility | HAL Nashik Division |
Beneficiary | Indian Air Force |
This initiative not only strengthens India's defence capabilities but also contributes significantly to the local defence manufacturing ecosystem.
The HAL share price closed at ₹4,661.10 on the BSE, marking a 0.25% increase after the announcement. The market’s positive sentiment reflects confidence in HAL’s growing role in India’s defence sector.
This procurement marks a strategic step in equipping the Indian Air Force with advanced combat aircraft to meet modern defence challenges. With its high level of indigenisation, the deal supports India’s drive toward self-reliance in defence manufacturing.
The ₹13,500-crore Su-30MKI deal with HAL underlines India’s commitment to strengthening its military capabilities while promoting domestic production under the Aatmanirbhar Bharat initiative.
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