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HAL sign JV with French firm Turbomeca

Hindustan Aeronautics Ltd (HAL) signed an agreement with French engine manufacturer, Turbomeca to support the Shakti helicopter engine. The new JV would provide maintenance, repair and overhaul (MRO) support for the Shakti engine, as well as for the Turbomeca TM333 engine that was initially fitted on the Dhruv ALH while the Shakti was being developed. Both the company will have equal share of around Rs 200 crore.

Source: http://www.business-standard.com/article/economy-policy/hal-turbomeca-sign-jv-in-paris-for-rs-200-crore-mro-facility-for-helicopter-engines-115061800028_1.html

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