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HAL clarified that it has not finalised any consultancy firm for benchmarking its R&D processes. The selection process is underway on the GeM portal, and no official contract has been awarded.
Hindustan Aeronautics Limited (HAL) has denied reports circulating on social media that it has finalised PricewaterhouseCoopers (PwC) as its consultancy partner for benchmarking research and development processes. The aerospace and defence public sector enterprise clarified that no consultancy firm has yet been selected for the R&D benchmarking assignment.
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No Final Selection: HAL confirmed that it has not awarded the benchmarking work to any consultancy firm.
RfQ Already Issued: A Request for Quotation (RfQ) has been floated for the R&D benchmarking exercise.
Selection Process: The consultancy firm will be finalised through a competitive bidding process via the Government’s GeM portal.
Purpose of Exercise: The benchmarking aims to evaluate HAL’s R&D framework against global aerospace and defence firms.
Guidelines Followed: The selection is in line with procurement norms to ensure transparency and competitiveness.
Ongoing Evaluation: The process remains in progress with no work order issued as of now.
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The initiative to benchmark HAL’s R&D practices follows recommendations from a high-power committee on public undertakings. The exercise is part of HAL’s broader goal to modernise and enhance its internal frameworks to global standards. This includes analysing how the company’s R&D operations compare with international aerospace and defence firms, with the help of a consultancy partner.
HAL clarified that the consultancy firm will be selected based on fair and transparent evaluation criteria. The company is using the Government e-Marketplace (GeM) portal for vendor selection, ensuring adherence to official procurement norms. Any claims suggesting a firm has been finalised are premature and factually incorrect.
While there has been no official announcement affecting contracts, developments related to HAL’s strategic initiatives often attract market attention. Investors will likely track updates on the consultancy selection, especially in the context of modernisation efforts and their potential long-term impact on innovation. The HAL share price remains a critical marker for gauging investor sentiment amid such announcements.
HAL has made it clear that the consultant selection process for R&D benchmarking is still underway. With transparency and compliance at its core, the defence PSU is proceeding cautiously to align with global best practices. Updates on the final selection may influence the HAL share price, especially if tied to broader efficiency or innovation strategies. For now, the HAL share price continues to reflect market confidence in the company’s operational transparency.
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