Markets
BSE See NSE See 52,588.71
14.25 (0.03%)

Hindustan Aeronautics & Rolls-Royce unite for supporting MT30 marine engine business

Shreya Chaware
/ Categories: Mindshare
Rate this article:
5.0
Hindustan Aeronautics & Rolls-Royce unite for supporting MT30 marine engine business

Hindustan Aeronautics Limited (HAL) has signed an MoU with Rolls-Royce to provide support for establishing Rolls-Royce MT30 marine engines in India.

This collaboration marks the expansion of long-standing partnership of both the companies in India. It is the first time that HAL and Rolls-Royce will be working together in the space of marine applications. HAL will help in packaging, installation, marketing and services support for Rolls-Royce MT30 marine engines in India.  

MT30 is described as the world's most power-dense, best-in-class naval gas turbine currently in service with naval programmes globally in different propulsion arrangements across seven ship types. Originating from Trent aero engine family, MT30 is capable of providing next-generation capabilities to the Indian Navy's future fleet. The full power of up to 40 MW can be delivered by MT30 in ambient temperatures up to 38-degree celsius, not witnessing any power degradation throughout the life of the ship. Earlier this year, the companies had announced new partnerships in the aerospace sector and also intend to enhance their supply chain partnerships for civil and defence aerospace.

Hindustan Aeronautics Ltd is an Indian state-owned aerospace and defence company, headquartered in Bengaluru, India. It is governed under the management of the Indian Ministry of Defence whereas Rolls-Royce Motor Cars Ltd is a British luxury automobile maker.

On Wednesday, the share of HAL was trading at Rs 968.30, which is 1.52 per cent up on BSE.

Previous Article Wipro climbs nearly 2 per cent on launching innovation centre in London
Next Article Five stocks witnessing short built-up
Please login or register to post comments.

Get A Call From Industry Experts

Send Otp

   I authorize DSIJ Pvt Ltd to contact me. This will override registry on the NDNC.

DSIJ MINDSHARE

NASDAQ hits all time high; S&P 500 near life highs while Bitcoin turn positive after massive price drop!

In midst of the chaos that is taking place in the crypto currency world NASDAQ just managed to hit an all-time high for itself. The S&P 500 is precariously poised to make its record highs as is trades just half a percent below its life highs.

Yogesh Supekar / Article rating: 5.0
NASDAQ Composite is a tech-heavy index and has been a world beating index in 2020. In 2021 so far NASDAQ has underperformed S&P 500 and even...
1345Last

Knowledge

1345Last