HAL signs Rs 2,400 crore contract with BEL

In a major boost to indigenisation, Hindustan Aeronautics Limited on Thursday signed a contract with Bharat Electronics Limited for development and supply of 20 types systems for the LCA Tejas Mk1A programme. The five-year contract spanning from 2023 to 2028 is valued at Rs 2,400 crore and involves supplying critical avionics Line Replaceable Units (LRUs), flight control computers and night flying LRUs, Bengaluru-headquartered HAL NSE 0.19 % said in a statement.