HAL receives Dhruv order, increases sales
Hindustan Aeronautics Limited (HAL) is in receipt of an order for 32 Dhruv Mk III helicopters, according to a contract signed on 30 March, buoying its FY2016 sales to their highest ever.
The deal is worth $1.2 billion and covers an equal number of Dhruv Advanced Light Helicopters (ALH) for both the Indian Navy (IN) and Indian Coast Guard (ICG).
Integral to the sale is a five-year performance-based logistics contract for the ICG, the first time HAL has adopted this type of support contract.
T Suvarna Raju, HAL's chairman and managing director, said, 'The PBL is the purchase of logistics
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