Safran, HAL sign MoU on Rafale Engine Manufacturing in India Our Bureau 5539
IAF Rafale jet
India’s Hindustan Aeronautics Limited (HAL) and French Safran Aircraft Engines, signed a MoU (Memorandum of Understanding) to assemble and manufacture components for Smecma M88 engine that powers Rafale jets in India.
Under the terms of the MoU, HAL and Safran Aircraft Engines intend to explore opportunities to assemble the Safran M88 engine and manufacture components for the engine with HAL for additional batch of Rafale Aircraft for India and for any aircraft manufactured in India by HAL fitted with M88, Safran said in a statement.
February 08, 2021
Stocks to watch out for today: BEML, BHEL, L&T, HAL, ITC and VRL Logistics The domestic market appears to open the new week on a strong note. Indications from SGX Nifty, which is currently ruling at 15,035 as against the Friday Nifty futures close of 14,930 on Friday here, signal bulls are likely to have the upper hand on Monday, at least in the early part of the week.
Asia-Pacific markets such as Australia, Japan, China, Hong Kong Taiwan, and Singapore are ruling firm with gains in the range of 0.35-2 per cent.
On Friday, the S&P BSE Sensex closed well above 50,000-mark at 50,732 while Nifty50, which crossed the 15,000-mark, settled at 15,924, thanks to heavy buying by foreign portfolio investors.
Read more about Benchmarks hover near day s high on Business Standard. Key equity indices were trading near the record high levels in morning trade. At 11:25 IST, the barometer index, the S&P BSE Sensex, was up 631.25 points or 1.24% to 51,362.88. The Nifty 50 index has added 197.65 points or 1.32% to 15,121.90.
HAL, French firm Safran ink MoU for strategic cooperation on high-thrust aero-engines
Safran Helicopter Engines is HAL’s key partner in engines for HAL’s helicopters like Chetak, Cheetal, Light Utility Helicopter, Light Combat Helicopter and Advanced Light Helicopter
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BENGALURU: HAL and Safran Aircraft Engines, France, on Friday signed an MoU at Aero India 2021 to explore opportunities for strategic business cooperation that leverage the complementary talents and capabilities of both parties and support development of a robust ecosystem for aero-engines in India, consistent with the goals of the Make in India initiative.
Safran and HAL sign MoU
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HAL and Safran Aircraft Engines of France signed a memorandum of understanding (MoU) at Aero India 2021 to explore opportunities for strategic business cooperation that leverage the complementary talents and capabilities of both parties and support development of a robust ecosystem for aero-engines in India, consistent with the goals of the Government of India’s Make in India initiative.
The MoU was signed by Mr. D. Maiti, executive director (corporate planning) and Mr. Pierre Dickeli, CEO (Safran India) in the presence of other senior officers during the “Bandhan” event at Aero India 2021.