Current Affairs - Business - Discussion

The Indian Air Force (IAF) to place orders worth around ₹45,000 crore with the Hindustan Aeronautics Limited (HAL) to acquire 83 Light Combat Aircraft (LCA) Tejas fighters. The IAF issued a tender for 83 LCAs about two years ago and the project was stuck over the pricing issue as the government and the Air Force felt that the price offered by the HAL was slightly higher. The Defence Ministry determined the cost of the 83 LCA Mark 1A aircraft around ₹45,000 crore and the Indian Air Force is now expected to place orders for these planes in the next few weeks.