India's Tejas LCA Mk1A Fighter Jets to Boost Air Force
The Tejas LCA Mk1A is expected to be delivered in the next couple of months, with a total of 97 LCA Mk1A fighter jets and 143 ALH for the Indian Air Force and 10 Dorniers for the Indian Navy in the pipeline. Analysts expect HAL's revenue to grow 15.4% annually over the next three years, with earnings reaching ₹120.7 billion by 2028.
India is set to receive 12 Tejas LCA Mk1A fighter jets from Hindustan Aeronautics Limited (HAL) in 2025, significantly enhancing the Indian Air Force's combat strength. The Tejas LCA Mk1A is an upgraded variant of India's indigenous Light Combat Aircraft, designed as a 4.5 generation multi-role fighter aircraft.
Hindustan Aeronautics (HAL) has a robust order book of ₹1,89,300 crores, with a pipeline of ₹1 lakh crores expected to materialize in the next 1-2 years. The company plans to invest ₹14,000-15,000 crores in capacity building and capability enhancement over the next five years, expected to enhance operational efficiency and improve net margins. The successful trial of 'Bhargavastra', a cost-effective, indigenous counter-drone system, is another milestone in India's tactical capabilities.
Former programme director Kota Harinarayana believes India will stop importing fighter jets and start exporting them to friendly countries. The country has already developed aircraft across various categories, including small to medium-sized jets and unmanned aerial systems. India's successful response to aggression after Operation Sindoor has demonstrated its growing confidence in its defence capabilities.
With the delivery of the Tejas LCA Mk1A fighter jets, India is on the cusp of achieving self-reliance in manufacturing fighter jets. The company's efforts in indigenization and partnerships with private sector players may reduce costs and improve operational efficiencies, setting the stage for future revenue growth and making India a significant player in the global defence industry.