New Delhi, March 28 -- Ministry of Defence on Friday signed two contracts with Hindustan Aeronautics Limited (HAL) for supply of 156 Light Combat Helicopters (LCH), Prachand, along with training and other associated equipment worth Rs 62,700 crore.

The first contract is for supply of 66 LCHs to the Indian Air Force (IAF) and second is for supply of 90 LCHs to the Indian Army, a Defence Ministry statement said.

The supply of these Helicopters shall commence from the third year and will be spread over the next five years. The contracts will enhance the combat capability of Armed Forces at high altitudes.

The Defence Ministry also signed a contract with Metrea Management for wet leasing of one Flight Refuelling Aircraft (FRA) for providing...