India marks 85th Indian Air Force Day। Chief of Air Staff Air Chief Marshal BS Dhanoa says IAF working towards ‘Technology Intensive’ capability। For the first time, indigenous LCA Tejas takes part in IAF Day Flypast । IAF will issue RFI for 114 single engine combat aircraft within two weeks or so । RFI will go to Lockheed Martin for F 16 and Saab for Gripen for their latest variants । IAF aims to get 18 aircraft in 4-5 years, and 96 more in progressive manufacture from then onwards । Capability will be the first parametre for selecting the aircraft, and then the price । The selected aircraft will have more capabilities than those specified in the 2007 RfP for MMRCA । 18 aircraft will । IAF will consider General Atomics’ Predator C Avenger if offered by US Government। But, says Air Chief BS Dhanoa, no RFI or RFP issued yet by IAF yet। Government approves partial disinvestment in HAL। HAL initiates process for 10 percent disinvestment through Initial Public Offer (IPO)। Indian Army destroys NSCN (K) camps on Indo-Myanmar borders.। India says No to Troops Deployment in Afghanistan। India, US Entering a New Phase in Strategic Defence Partnership, says Nirmala Sitharaman। Mattis describes India as a Major Pillar of Regional Stability and Security। German Chancellor Wins 4th Term। First Scorpene submarine delivered to Navy। Named Kalvari, after India’s first Foxtrot class submarine, it will formally be commissioned very soon। India’s legend, Marshal of the Air Force Arjan Singh passes away।
October 20, 2017
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Corporate Governance Excellence Award for HAL


Bengaluru, December 3, 2016: The ASSOCHAM has bestowed the Corporate Governance Excellence Award 2015-16 to Hindustan Aeronautics Ltd (HAL) under unlisted public sector companies with a turnover of over Rs 500 crore category. The Union Minister of State for Finance and Corporate Affairs, Mr. Arjun Ram Meghwal presented the award to Mr. T. Suvarna Raju, CMD HAL at a function organized by ASSOCHAM in New Delhi on December 2, 2016.

“This is a great honour and I share this award with our board, management leadership and employees who have set high standards of governance. We will continue to maintain and enhance the highest standards of Corporate Governance, we have set for the organization”, said Mr. Raju. He thanked ASSOCHAM and the eminent jury for this recognition.

Only a day before HAL CMD was conferred with the Technology Leadership Award by the Institute of Engineers (India) at a function held in Bengaluru on December 1, 2016.




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