Hindustan Aeronautics Limited (<keyword id="19997265" type="General" weightage="20" keywordseo="HAL" source="keywords" meta.keywordsubtype="org" meta.entityname="HAL" meta.hostid="83" meta.entityid="HAL">HAL</keyword>) and <keyword id="22976652" type="General" weightage="20" keywordseo="Safhal" source="keywords">SAFHAL</keyword> <keyword id="22976651" type="General" weightage="20" keywordseo="helicopter-engines" source="keywords">Helicopter Engines</keyword> Pvt. Ltd. (SAFHAL) have signed an airframer contract, to commence joint design, development, manufacture, and supply and support of a new generation high-power engine named 'Aravalli'. The 'Aravalli' high-power engines are used for the 13-ton Medium Lift class, the Indian Multi-Role Helicopter (<keyword id="22979205" type="General" weightage="20" keywordseo="IMRH" source="keywords">IMRH</keyword>) and the Deck-Based Multi-Role Helicopter (<keyword id="22979206" type="General" weightage="20" keywordseo="DBMRH" source="keywords">DBMRH</keyword>), being designed and developed by HAL. The contract was signed by S Anbuvelan, CEO (Helicopter Complex), HAL and Olivier Savin, Director, SAFHAL Helicopter Engines and EVP, Sales and Marketing, <keyword id="22976653" type="General" weightage="20" keywordseo="Safran-Helicopter-Engines" source="keywords" meta.keywordsubtype="org" meta.entityname="Safran Helicopter Engines" meta.hostid="83" meta.entityid="Safran Helicopter Engines">Safran Helicopter Engines</keyword> and SK Mehta, Director, SAFHAL Helicopter Engines and Executive Director (Finance), HAL. Speaking on occasion, CB Ananthakrishnan, Chairman and Managing Director (Additional Charge), HAL said, "This partnership with SAFHAL marks a pivotal moment in our journey towards achieving technological self-reliance in India's aerospace and defence sector." He further said that the collaboration will ensure the operational capabilities of the IMRH and DBMRH platforms and contribute to the broader goal of indigenous development of critical <keyword id="20825438" type="General" weightage="20" keywordseo="defence-technologies" source="keywords">defence technologies</keyword>. Cedric Goubet, CEO of Safran Helicopter Engines stressed that the combined expertise and resources will ensure the success of the IMRH and DBMRH programs while contributing to the growth of India's aerospace and defence sector. "We are extremely proud to collaborate with HAL on this strategic project, capitalizing on 25 years of successful partnership between Safran and HAL. With this project, we are enriching the collaboration with HAL and the strategic relationship between India and France," Cedric Goubet said. Together we remain fully dedicated to our customers in India. We look forward to designing, producing and supporting those new efficient helicopter engines," he added. SAFHAL, a joint venture between Safran Helicopter Engines SAS and HAL, is dedicated to the design, development, production, sales and support of new-generation helicopter engines in India, marks a significant milestone in India's aerospace and defence sector, aiming to enhance the nation's Aatmanirbharta in helicopter engine technology. Under this strategic contract, SAFHAL will work with its parent companies on cutting-edge engine technologies, ensuring superior performance, reliability, and operational efficiency. This collaboration involves state-of-the-art design, advanced manufacturing processes and rigorous testing protocols to meet the highest global standards. Safran Helicopter Engines has been HAL's partner of choice for powering its helicopters, starting with the Artouste engines used in Cheetah and Chetak, followed by the Shakti engine and its variants powering the ALH, LCH and LUH. The present collaboration elevates this relationship to the next level through the joint design and development of modern state-of-the-art helicopter engines intended for application in Medium Lift Helicopters. IMRH is a new 13-ton multi-role helicopter designed by HAL to meet the requirements of the Indian Armed Forces. A naval version, the 12.5-ton DBMRH is also being developed for the Indian Navy. The engines will be designed to operate in diverse and challenging environments in which these helicopters get deployed. Future extension to the civil market for offshore operations, utility, VVIP transport etc., is also planned followed by MRO activities.

HAL partners with SAFHAL to develop and manufacture 'Aravalli' helicopter engines

Prime Minister <keyword id="19895781" type="General" weightage="20" keywordseo="Narendra-Modi" source="keywords">Narendra Modi</keyword> and <keyword id="19901464" type="General" weightage="20" keywordseo="French-President-Emmanuel-Macron" source="keywords">French President Emmanuel Macron</keyword> agreed to further intensify <keyword id="22062767" type="General" weightage="20" keywordseo="strategic-defence-cooperation" source="keywords">strategic defence cooperation</keyword> with an increased focus on '<keyword id="20018809" type="General" weightage="20" keywordseo="Make-in-India" source="keywords">Make in India</keyword>' when both leaders met on the sidelines of the G7 Summit held in Italy. "They (both the leaders) agreed to further intensify strategic defence cooperation with an increased focus on 'Make in India'," a short statement from the Prime Minister's Office said. At the invitation of Prime Minister Meloni, PM Modi travelled to the Apulia region in Italy to participate in the G7 Outreach Summit earlier this week. This was his first overseas visit since assuming office for the third consecutive term. France is one of India's key partners in the development of a self-reliant defence industrial and technological base. India and France are committed to cooperating in the co-development and co-production of advanced defence technologies, including for the benefit of third countries. Several defence companies, in both countries, are currently working on various initiatives, including cooperation for the motorization of heavy-lift helicopters under the Indian Multi-Role Helicopter [IMRH] programme with Safran Helicopter Engine, France. A shareholder's agreement between Hindustan Aeronautics Limited (HAL), India and Safran Helicopter Engine, France, has been concluded for engine development. Safran Helicopter Engine and HAL collaborated on the transfer of technology of forging and casting for the Shakti Engine. This is also reflective of the French commitment to support technology transfer and the Make in India initiative. Another such example is the MoU between Garden Reach Shipbuilders and Engineers Ltd. (GRSE), and Naval Group France, a leader in the European Naval Defence Industry, to collaborate in the field of surface ships that cater to the requirements of India and International Naval forces. India is investing heavily in defence and aerospace manufacturing, with several defence hubs being set up. Indian defence PSUs have benefited, besides the companies in the private sector, as they have accumulated tremendously high returns on equities in the past few years, benefiting from the new orders. Notably, many global companies have either shared or shown intent to share critical defence and aerospace knowledge with India. This April, Chief of Defence Staff General Anil Chauhan visited France, further reinforcing the bilateral defence cooperation between the two nations. The interactions of CDS with Patrick Pailloux, Director of Civil and Military Cabinet of the Minister of the French Armed Forces, and Lt Gen Vincent Giraud, Chief of Military Cabinet of the Minister of the Armed Forces at the apex level and also with his counterpart, General Thierry Burkhard have enabled the exchange of views on areas of common interest and mutual security concerns. Deliberations on enhancing the exchange of high-end dual-use technologies, besides discussions with the top leadership of the French Defence industry, including Dassault, Safran and Naval Groups, and Thales Alenia Space, towards futuristic capacity building of the Indian Armed Forces, are expected to provide an impetus to indigenization. India and France had decided to deepen their cooperation in all areas of the space sector by strengthening their programmes of common interest. The India-France Strategic Partnership has gathered significant momentum over time and has now evolved into an even closer and more multifaceted relationship that spans diverse areas of cooperation. In 1998, the two countries upgraded their partnership to a strategic level. To mark the 25th anniversary of the Indo-French partnership, both countries agreed in July 2023 to adopt a roadmap to set the course for the bilateral relationship up to 2047, which will celebrate the centenary of India's independence, the centenary of diplomatic relations between the two countries and 50 years of the strategic partnership. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/tata-group-reportedly-looking-to-acquire-a-majority-stake-in-vivo-india/articleshow/110987274.cms">Tata Group reportedly looking to acquire a majority stake in Vivo India</a> <a href="https://www.businessinsider.in/sports/webstories/kkr-beats-mi-in-terms-of-brand-value-csk-and-rcb-continue-to-lead/slidelist/110963926.cms">KKR beats MI in terms of brand value, CSK and RCB continue to lead</a> <a href="https://www.businessinsider.in/tech/news/elon-musk-hits-out-at-apples-partnership-with-openai-threatens-to-ban-apple-devices/articleshow/110902477.cms">Elon Musk hits out at Apple’s partnership with OpenAI, threatens to ban Apple devices</a>

Modi, Macron bilateral emphasises furthering India-France defence cooperation; focus on indigenous mfg

New Delhi [<keyword id="3658" type="General" weightage="80" keywordseo="india" source="Orion">India</keyword>], July 15 (ANI): Amid increasing cooperation in the defence sector between the two nations, India is setting up a technical office of the DRDO (<keyword id="152819" type="General" weightage="50" keywordseo="defence-research-and-development-organisation" source="Orion">Defence Research and Development Organisation</keyword>) at its embassy in Paris, according to the India-France joint statement on Friday. France is one of India's most important allies in building a self-sufficient defence industrial and technological foundation, the statement informed, adding that the co-development and co-production of cutting-edge defence technologies for the benefit of third nations is a joint commitment of India and France. To this end, both countries are also working towards adopting a Roadmap on Defence Industrial Cooperation, it added. It noted further that Prime Minister Narendra Modi's two-day official visit to France, during which he attended the Bastille Day Parade as the Guest of Honour, the two countries welcomed the timely delivery of the 36 Rafale ordered by India. "In line with their outstanding cooperation in military aviation spanning over five decades, India and France welcome the timely delivery of the 36 Rafale ordered by India. In the future, India and France will extend their ground-breaking defence cooperation in advanced aeronautical technologies by supporting the joint development of a combat aircraft engine. (A roadmap on this project will be prepared between <keyword id="412278" type="General" weightage="100" keywordseo="safran" source="Orion">Safran</keyword> and DRDO before the end of this year)," the India-France joint communique read. The two leaders stood in support of Safran Helicopter Engine's (France) industrial cooperation for the motorisation of heavy-lift helicopters under the Indian Multi-Role Helicopter [IMRH] programme. A shareholders' agreement for engine development was reached between <keyword id="86569" type="General" weightage="50" keywordseo="hindustan-aeronautics-limited" source="Orion">Hindustan Aeronautics Limited</keyword> (<keyword id="68124" type="General" weightage="50" keywordseo="hal" source="Orion">HAL</keyword>), India, and Safran Helicopter Engine, France, to facilitate the advancement of the IMRH programme, it added. Moreover, India and France hailed the success of the first Scorpene submarine construction programme (P75 - Kalvari), a model of Make in India and the sharing of naval expertise between companies in the two countries, it added. The two countries also welcomed the MoU between Mazgon Dockyard Ltd and Naval Group for constructing three additional submarines under the P75 programme. India and France are ready to explore more ambitious projects to develop the Indian submarine fleet and its performance, the statement noted further. The agreement between Safran Helicopter Engine and HAL for the Transfer of Technology of Forging and Castings for the Shakti Engine is another illustration of this military-industry relationship built on mutual trust between the two countries, the joint statement said, adding that "this reflects the French government's dedication to encouraging technology transfer and Make in India". PM Modi attended the Bastille Day Parade on France's National Day, on Friday, as the Guest of Honour at the invitation of President Macron. The majestic parade, which featured contingents from the Indian armed forces, took place under bright and sunny skies at Champs-Elysees in Paris. This year also marks the 25th anniversary of the strategic partnership between the two countries. (ANI)

India to set up technical office of DRDO at its Paris embassy, announces India-France joint statement

<ul><li>The French defence deal gives a boost to HAL, but the opportunity is yet to be visible for Mazagon Dock.</li><li>HAL’s already-developed products have an order pipeline of around $48 billion over 10 years, says PhillipCapital.</li><li>The deal for submarines which can benefit Mazagon Dock needs more clarity, says ICICI Securities. </li></ul>Indian defence sector stocks have been on a bull run in the last few months with Hindustan Aeronautics (HAL) and Mazagon Dock Shipbuilders turning multibaggers. Both these stocks received another big boost from the defence agreements signed by India and France, as part of Prime Minister Narendra Modi’s two-day visit to the European nation for Bastille Day. Apart from the procurement of Rafale jets, the agreements covered co-operation on the joint development of high-thrust engines for Advanced Medium Combat Aircraft (AMCA) and joint development of turboshaft engines for Indian Multi-Role Helicopter (IMRH). HAL: Up in the air To action the deal, French company Safran and HAL will form a joint venture (JV) company to co-design and produce new generation helicopter engines in India. “The first objective is to build the most adequate solution for the future 13-ton IMRH and its naval version Deck Based Multi-Role Helicopter (DBMRH),” said a report by ICICI Securities. In addition, the French defence deal includes a transfer of technology to HAL, for forging and casting for Shakti engine, which powers almost the entire indigenous helicopter fleet of India including ALH Dhruv, Rudra, light combat helicopters (LCH) and Light Utility Helicopter (LUH). As per ICICI Securities, these developments enable the execution of critical orders of 140 AMCAs, 175 LUHs and 145 LCHs, which the company is expecting to get in the medium term. Thanks to the positive fallouts from the French agreements and a deal signed with GE earlier in June – for F-414 engines and co-development of high-thrust engines for AMCA – HAL’s stock has a long run-up ahead. “We believe there is a possibility of ramp up in manufacturing revenue for HAL beyond FY26. As a result, we raise our manufacturing revenue growth estimates to 12% (from 8% earlier) beyond FY26,” says ICICI Securities. India’s ageing defence fleet also provides the public sector company with many more opportunities ahead. HAL has an order pipeline of $48 billion spread over the next ten years – for products that it has already developed like LCA Tejas, a supersonic combat aircraft. “The company also benefits from the repair and overhaul programme, which heavily depends on the Sukhoi aircraft fleet, the ALH (advanced light helicopter) fleet, and the recently introduced Hawk aircraft, along with upgrades to the Jaguar and Mirage platforms,” said a report by PhillipCapital. PhillipCapital has placed a target price of ₹3,975 on HAL stock with a neutral rating, but ICICI Securities revised its target price upwards to ₹4,350 after factoring in the latest French deal advantage. The stock is currently trading at ₹3,857. Mazagon Dock Shipbuilders: The submarine opportunity not visible yet Investments in Mazagon Dock Shipbuilders (MDSL) shares have shot up 6.5 times in the last one year. Like HAL, this Mumbai-based company has a reason to gain from the France deal as it includes ambitious projects to explore the development of the Indian submarine fleet. The Defence Acquisition Council (DAC), led by Defence Minister Rajnath Singh, approved the proposal to acquire three French-designed Scorpene-class submarines. These submarines will be constructed by MDSL While the acceptance of necessity (AoN) has been granted, there was no specific mention of three Scorpene submarines in the joint statement issued by PM Modi and French President Emmanuel Macron. An AoN is accorded by the Defence Ministry for a particular weapon system or equipment at the beginning of the procurement process. “Currently, we do not have clarity on the ordering timeline for the new Scorpene submarines. We would keep a tab on further development in this regard. In our view, the actual construction work on the submarine might commence around 18 months after the contract has been signed,” said ICICI Securities. The brokerage has maintained a ‘sell’ rating on the stock with an unchanged target price of ₹600. MDSL is currently trading at ₹1,728. Apart from the possible deal, the company, which has a competitive edge in the sector, has a major overhang. It’s involved in a rent lease disagreement with Mumbai Port Trust, which has raised a demand from the company for four of its plots after finalising its land lease policy. It has sought as much as ₹272 crore plus applicable taxes as upfront payment towards the lease premium and ₹40 crore plus applicable taxes towards the arrears of rent FY06 onwards. MDSL has contested Mumbai Port Trust’s proposal and has recognised an estimated reasonable lease rent in its financial statements. The matter is under discussion at the ministry level between the Department of Defence Production and the Ministry of Ports, Shipping and Waterways. SEE ALSO <a href="https://www.businessinsider.in/india/news/few-indians-are-giving-up-on-tomatoes-despite-red-hot-prices-subsidies-arent-helping-much-shows-survey/articleshow/101920571.cms">Few Indians are giving up on tomatoes despite red hot prices, subsidies aren’t helping much, shows survey</a> <a href="https://www.businessinsider.in/business/corporates/news/wipros-first-quarter-show-points-to-multiple-battles-ahead/articleshow/101753530.cms">Wipro's first quarter show points to multiple battles ahead</a>

You Searched For "IMRH" and got 4 results

HAL partners with SAFHAL to develop and manufacture 'Aravalli' helicopter engines

ANI

Modi, Macron bilateral emphasises furthering India-France defence cooperation; focus on indigenous mfg

ANI

India to set up technical office of DRDO at its Paris embassy, announces India-France joint statement

ANI

The French connection: HAL has most to gain; submarines yet to surface for Mazagon Dock

Katya Naidu