HAL all set to fly high with Rs 100-crore plant in Orissa

Hindustan aeronautics limited has entered into an agreement with global aircraft engine major Pratt & Whitney to manufacture engine components, and would set up a Rs 100 crore plant for this at Koraput in Orissa, an initative from which the India aeronautical major expects an annual business of usd 500 million in 10 years.

Bangalore-headquartered HAL’s chairman and managing director Ashok K Baweja told a press conference here that Pratt & Whitney’s contribution to the venture would be in terms of “intellectual” by way of technical and training support.

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