HAL received a Request for Proposal (RFP) for 97 LCA Tejas MK1A aircraft in April 2024 (Photo: Company)
Hindustan Aeronautics has clarified to NSE and BSE that only the Request for Proposal (RFP) has been issued to HAL in April 2024 for 97 Tejas Fighter Jets from the Defence Ministry, while the contract is yet to be signed.
Further, the notification informed that Acceptance of Necessity (AON) was accorded by Defence Acquisition Council (DAC) in November 2023 for procurement of LCA Tejas MK1A aircraft from HAL, which was informed to the Stock Exchanges on November 30, 2023.
Subsequently, HAL received a Request for Proposal (RFP) for 97 LCA Tejas MK1A aircraft in April 2024. On submission of price bids by HAL, contract negotiations would be held with the customer and subsequently the contract with IAF would be concluded.
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The notification also noted that the heading of the subject news article is not representative of the facts of the subject matter. But, as brought out above, the company has only received an RFP against which, response is yet to be submitted. Hence, the final price of the contract and its impact would be known only after conclusion of the contract.
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