Latest news with #TejasLightCombatAircraft
Time of India
3 days ago
- Business
- Time of India
5th-generation stealth fighter: India launches hunt for partners to build futuristic jet; invites bids to build AMCA prototypes
NEW DELHI: India has officially fired the starting shot in its race to develop a next-generation stealth fighter jet, inviting Indian aerospace firms to help build prototypes of the Advanced Medium Combat Aircraft (AMCA), a project billed as a major leap in indigenous defense capabilities. The Aeronautical Development Agency (ADA), the design and development arm under the ministry of defence, has issued an expression of interest (EOI) to shortlist Indian companies for constructing five prototypes of the AMCA – a fifth-generation, twin-engine stealth fighter with deep-strike capabilities. The AMCA is expected to be a cornerstone of the Indian Air Force alongside the Tejas Light Combat Aircraft, with plans to eventually replace aging fleets and reduce dependence on foreign military aircraft. According to the ADA, only Indian-owned and -controlled companies are eligible. Single companies, joint ventures or consortiums with a proven track record in aerospace and defense manufacturing are being encouraged to apply. The selected firm will also be required to establish facilities capable of scaling into full-scale production once the prototype phase is complete. 'This is not just about building prototypes,' the ADA said in its official communication. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like One of the Most Successful Investors of All Time, Warren Buffett, Recommends: 5 Books for Turning... Blinkist: Warren Buffett's Reading List Click Here Undo 'It's about identifying a long-term industrial partner capable of absorbing AMCA's design and preparing for future series production.' The agency has set a strict timeline: all development, testing, and certification of the AMCA must be completed within eight years from the contract's effective date. The AMCA project is central to India's push for self-reliance in defense manufacturing. Once completed, the aircraft is expected to match the capabilities of other fifth-generation fighters like the US F-35 or China's J-20, boasting stealth technology, advanced avionics, and supercruise capability.
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Business Standard
3 days ago
- Business
- Business Standard
Data Patterns share price rises 4% in flat market; what's boosting rally?
Data Patterns share price advanced 3.6 per cent in trade on Thursday, June 19, 2025, logging an intraday high at ₹3,115.40 per share on BSE. At 10:03 AM, Data Patterns shares were trading 3.14 per cent higher at ₹3,099.45 per share on the BSE. In comparison, the BSE Sensex was up 0.06 per cent at 81,491.16. The company's market capitalisation stood at ₹17,351.95 crore. Its 52-week high was at ₹3,654.75 per share and 52-week low was at ₹1,350.5 per share. Why are Data Patterns shares rising in a flat market? The rally in Data Patterns shares came after the company, post-market hours on Wednesday, informed that credit rating agency Crisil has upgraded its long-term bank facilities worth ₹775 crore rating to "A+" with a "stable" outlook which was earlier "A" with a "positive" outlook. However, Crisil reaffirmed an "A1" rating on short-term bank loans. Crisil's "A+/Stable" rating signifies that a company or financial institution has been assessed as having a strong ability to meet its financial obligations. A+ rating indicates that the company or entity has a strong capacity to meet its debt obligations and is considered relatively low risk from a credit perspective. "Stable" outlook means that Crisil expects the company to maintain its current credit profile in the near future, without significant changes. In Q4FY24, Data Patterns profit climbed 60.5 per cent year-on-year (Y-o-Y) to ₹114.1 crore, from ₹71.1 crore in Q4FY25. The revenue from operations, or topline, zoomed 117.3 per cent Y-o-Y to ₹396.2 crore in the March quarter of FY25, from ₹182.3 crore in the March quarter of FY24. About Data Patterns Data Patterns engages in the design and development of electronic hardware, software, firmware, mechanical systems, and product prototypes, along with testing, validation, and verification services. The company's expertise spans a wide range of defence and aerospace technologies, including radars, electronic warfare systems, communications, avionics, small satellites, automated test equipment, and COTS solutions. Data Patterns is actively involved in key defence programs such as the Tejas Light Combat Aircraft, Light Utility Helicopter, BrahMos missile, and various communication and electronic intelligence systems. It collaborates closely with major defence PSUs like Hindustan Aeronautics Ltd (HAL) and Bharat Electronics Ltd (BEL), as well as key government agencies such as DRDO and ISRO involved in defence and space research.
India.com
28-05-2025
- Business
- India.com
Big boost to India's defence sector as India signs major Indo-French Defence deal, Safran Likely to Power Tejas Mk-2 with...
Tejas Light Combat Aircraft New Delhi: The Modi government is making relentless efforts to upgrade and strengthen the country's military capabilities. In a major development, India has now taken a significant step toward manufacturing its own fighter jet engines. According to a Moneycontrol report quoting sources, India is considering a partnership with French aerospace and defense company Safran. This collaboration aims to develop modern engines for the Indian Air Force (IAF) and to create engines for next-generation indigenous fighter aircraft such as the Tejas Light Combat Aircraft (LCA) Mk-2. It is important to note that GE Aerospace, an American defense company, is supplying the F404-IN20 engine for the Tejas Mk-1 fighter jet. However, delays in the supply are affecting the Indian Air Force's planning. In such a scenario, India is now actively exploring all possibilities to rapidly increase indigenous production. After Operation Sindoor, India is working tirelessly to increase the number of fighter jets. Prime Minister Narendra Modi recently reiterated that if there is a terrorist attack on the Indian border, the response will be strong — whether the attacker is a state or a non-state element. The Indian Air Force has a target of 42 squadrons, but currently, only 31 squadrons are available. Air Chief Marshal A.P. Singh had expressed concern over the delay in the delivery of Tejas Mk-1 during the Aero India 2025 show held in Bengaluru in February. In response, HAL stated that the delay was due to technical reasons and would be resolved soon. The Story of the Tejas Light Combat Aircraft It was around 2009-10 when the program for the Indian Air Force's (IAF) Tejas Light Combat Aircraft (LCA) began and the first order for 40 units of the Tejas Mk-1 (32 fighter variants and 8 trainer variants) was placed. These aircraft were expected to be delivered by 2016. Later, in February 2021, the Ministry of Defence and Hindustan Aeronautics Limited (HAL) signed a deal worth ₹48,000 crore for a second order of 83 more Tejas Mk-1A aircraft (73 fighters and 10 trainers). According to the reports, the delivery of this batch was supposed to begin in mid-2024. However, it has been delayed. One of the major reasons for this delay is the late supply of the F404-IN20 engines from the American company GE Aerospace, which are to be installed in these aircraft. The initial discussions around the deal also included a proposal for up to 80 percent technology transfer. In March, GE informed that it had delivered 99 F404-IN20 engines to HAL under the 2021 order. Before this, GE had already delivered 65 engines for the Mk-1 version by 2016. Another engine by GE — the F414-GE-INS6 — has been selected for the Tejas Mk-2 and the upcoming fifth-generation fighter aircraft, AMCA (Advanced Medium Combat Aircraft).
Time of India
27-05-2025
- Business
- Time of India
Made in India 5th-gen fighter jet: Government clears indigenous stealth fighter jet project as China arms Pakistan
NEW DELHI: Defence minister Rajnath Singh on Tuesday green-lighted the 'Made in India' fighter jet programme to produce a fifth-generation stealth fighter jet, the advanced medium combat aircraft (AMCA). India has been working on the ambitious AMCA project to develop a medium-weight, deep-penetration fighter jet with advanced stealth capabilities to bolster its air power. The AMCA, along with the Tejas Light Combat Aircraft (LCA), is expected to form the backbone of the Indian Air Force (IAF) in the coming decades. "In a significant push towards enhancing India's indigenous defence capabilities and fostering a robust domestic aerospace industrial ecosystem, Defence Minister Rajnath Singh has approved the Advanced Medium Combat Aircraft (AMCA) Programme Execution Model," the ministry of defence said. The ministry added that private sector companies are invited to participate in the project. "They can bid either independently or as a joint venture or as consortia. The entity/bidder should be an Indian company compliant with the laws and regulations of the country," the ministry said in a statement. This move comes amid heightened tensions with Pakistan after armed forces conducted precision strikes in Pakistan and Pakistan-occupied Kashmir killing over 100 terrorists. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 굿네이버스 기부반지로 아이들 후원하기 굿네이버스 더 알아보기 Undo Meanwhile, a recent US intel report also claimed that Last year, the Cabinet Committee on Security, chaired by Prime Minister Narendra Modi, granted in-principle approval to the AMCA programme. The indigenous fifth-generation fighter jet project is expected to play a pivotal role in strengthening the IAF's combat capabilities. The estimated development cost of the AMCA project stands at approximately Rs 15,000 crore. The IAF has long advocated for the AMCA programme, given its long-term strategic requirements and the absence of a fifth-generation fighter jet in its current fleet. In contrast, China has already inducted its Chengdu J-20 jets, which it claims to be fifth-generation air superiority fighters with precision strike capabilities. India's confidence in the AMCA initiative received a major boost following the successful development of the LCA Tejas. Developed by state-run Hindustan Aeronautics Limited (HAL), the Tejas has proven to be a capable platform for air combat and offensive missions, with secondary roles in reconnaissance and anti-ship operations. Meanwhile, the IAF is also in the process of acquiring 114 Multi-Role Fighter Aircraft (MRFA) to enhance its operational readiness. In April 2019, the IAF issued a Request for Information (RFI) for the procurement, estimated at around USD 18 billion. The MRFA deal is considered one of the largest military procurement programmes globally in recent years.
Time of India
18-05-2025
- Business
- Time of India
‘Data Patterns expects fast tracking of defence orders'
Chennai: Data Patterns (India), a defense and aerospace electronics systems provider, expects fast tracking of defence orders in the current fiscal due to the tensions in the border, according to a senior executive of the company. 'Because of the present situation, orders for some of our products are likely to fast track, for which enquiries are going on. We are likely to get more orders for units delivered earlier and which have performed well during the operations,' Srinivasagopalan Rangarajan, chairman and managing director of Data Patterns, told TOI. 'We expect some large contracts to happen during the course of this year and development has already started so that if order comes, we should be able to deliver quickly,' he said without divulging further details on the size or products given the sensitivity of the subject. The company's current order book stands at Rs 860 crore and it expects to complete around 80% in the current fiscal. Last April its order book stood at Rs 1,083 crore. The company's guidance expects 20% to 25% growth in top and bottom line growth in FY26. Data Patterns is involved in radars, electronic warfare suites and programmes catering to Tejas Light Combat Aircraft, Light Utility Helicopter, BrahMos and works with Hindustan Aeronautics, Bharat Electronics and DRDO. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Click Here For More on embedded analytics expertinspector Click Here Undo It also designs and develops complete products for both domestic (ministry of defence contracts) and export market, which is expected to materialise after testing and approvals. 'Some of these products are in advanced stages of completion and we are making at least Rs 150 crores for building infrastructure and competencies,' Rangarajan added. The company reported a 22% growth in profit after tax in 2024-25 (FY25) fiscal year to Rs 222 crore and 33% increase in total revenue to Rs 755 crore. For the March quarter of FY25, its revenue jumped 109% to Rs 407 crore and PAT grew 61% to Rs 114 crore. The company's board has recommended a final dividend of Rs 7.90 per share. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
