Hindustan Aeronautics Limited (HAL) on Thursday said it has proposed to the Defence Ministry to procure a new squadron of Sukhoi-30 fighter jets.
This came following media reports that the central government is planning to increase the overhauling capacity of Sukhoi-30 fighter jets to 25 per year from the existing 12 aircraft.
The Bengaluru-based HAL has been manufacturing and overhauling Su-30 fighter aircraft at its Ozar unit in Maharashtra's Nasik district since 2004.
According to reports, HAL has manufactured 260 Su-30 aircraft to date and is expected to manufacture two additional aircraft from the facility by the end of this year.
According to sources, the IAF is planning to procure eight new Sukhoi Su-30MKI from HAL. The total cost of the order is estimated to be more than Rs 30 billion ($421.03m).
The Su-30MKI aircraft is developed by Russia's Sukhoi Aviation and built under licence by HAL in India.
Meanwhile, talking about the controversial Rafale fighter jets, Madhavan said that the aircraft manufacturing company will not be interested in the Rafale project anymore in the current phase.
"As of now, it is a 36 aircraft direct purchase so it is nothing like manufacturing, so that is the reason we are not much interested. If it is manufacturing then we are interested, we are not interested either in offsets or direct purchase," he added.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)