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HAL
✈️ Key Highlights of the Deal:
- Total Jets Ordered: 97 new Tejas Mk1A, adding to the previous order of 83, bringing the total to 180 jets
- Purpose: These jets will replace the ageing MiG-21 fleet, which is set to retire soon
- Indigenous Push: Over 65% of components in the Mk1A are made in India, supporting Make in India and Atmanirbhar Bharat initiatives
- Advanced Features:
- Upgraded radars and avionics
- Enhanced electronic warfare systems
- Mid-air refueling capability
- Improved maintenance and combat readiness
🛠 Production & Delivery:
- HAL will manufacture the jets at its Bengaluru and Nashik facilities
- Targeting 24 jets per year to meet Air Force needs
- First deliveries from the earlier batch of 83 jets are expected to begin this year, after delays due to engine supply issues
This order not only strengthens India's air defence but also energizes hundreds of MSMEs involved in defence manufacturing. Prime Minister Modi even took a historic sortie in a Tejas trainer jet, symbolizing strong political backing for indigenous tech.
Major Support at Rs. 4400
Major Resistance at Rs. 4800#WatchOutFor#StockInNews#HiddenGems#EquityResearch#TechnicalViews
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