On Saturday in Bengaluru, Defence Minister Arun Jaitley underlined the growing capabilities of Hindustan Aeronautics (HAL) by inaugurating the production of the indigenous design Light Combat Helicopter (LCH), which HAL has designed, developed and will now manufacture.
On November 7, 2016, the defence ministry had cleared a Rs 2,911-crore procurement of 15 LCHs as a “limited series production” (LSP) order – a little under Rs 200 crore per helicopter. But top HAL sources tell Business Standard the final cost would work out to Rs 231 crore per LCH at 2017-18 prices.
This is less than half the cost of the