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The Defence Acquisition Council (DAC) accorded Acceptance of Necessity for five capital acquisition proposals worth over Rs 21,772 crore.
The rise in the HAL share price came after the company announced a healthy set of results in the September quarter of financial year 2025 (Q2FY25)
PSU stocks such as ONGC, HAL, Oil India, SJVN and BEL have retraced up to 50% of its previous rally; tech charts indicate that as long as the recent lows are protected a bounce back seems likely.
These aero-engines will be manufactured at the Koraput division of HAL and the delivery of these aero-engines would start after one year and complete over a period of eight years, the company said.
"A correction was needed in defence stocks as they were overvalued after the Interim Budget amid high expectations from the Budget," said Palka Arora Chopra, director of Master Capital Services
The LCA Mk1A, which is an advanced variant of the LCA Mk1, made its maiden flight in March 2024
Shares of rail and defense related companies bounced back in trades on Wednesday; however, charts reveal that several stocks were trading below their key short-term moving averages.
The Propellant Tank Production Facility specialises in crafting high-performance fuel and oxidizer tanks, crucial elements for the LVM3 launch vehicle
The third of a four-part series traces the genesis of Tejas Mark 2, which is an improved version of the indigenous Tejas Light Combat Aircraft
Discover how HAL races to deliver 180 Mk 1As in under a decade, ramping up production to meet rising demand
Embark on the first leg of a four-part journey as the Tejas fighter undergoes an evolution
Since reaching its peak around the Rs 3,800 mark on April 1, 2024, the market has experienced a significant downturn, with a decline of nearly 600 points, translating to a 16 per cent loss in price
The research and broking house sees an upside potential of 28 per cent and 32 per cent, respectively in these two stocks from the current levels
Army Chief Gen Manoj Pande on Wednesday said an effective defence-industry ecosystem is taking shape in the country and veterans with their field experience are "ideally suited" for incorporation into indigenous research and manufacturing of technological solutions required by the force. In his address at the Army Welfare Placement Organisation (AWPO) Summit 2024 held at the Manekshaw Centre here, he said the Army's responsibility towards its veterans remains a "sacred commitment". The aim of the summit was to bring together different stakeholders on a common platform, to narrow down the gap between enterprise requirements, veteran competencies and the pursuits of AWPO. "While the demand for skilled and experienced workforce exists at the industry end, at the same time, a human resource pool of veterans with adequate experience and unique skill sets is also available, after they exit from active service each year. The endeavour is to synergise the two as well as strengthen the ...
India is world's second-largest importer of defence equipment with 9% of global arms imports
Shares of Hindustan Aeronautics Limited soared 2.80 per cent at Rs 3,420 a piece on Monday after the company declared a 11 per cent growth in operating revenue in financial year 2024
The Advanced Light Helicopters (ALH) of the Army Aviation Corps performed a fly-past over the Kartvya Path in the 75th Republic Day parade on Friday. It was followed by marching contingents of the army. The fly-past in the Rudra formation was led by the newly inducted Prachand helicopter, followed by three Rudra helicopters. The marching contingents included those from the Madras Regiment, the Grenadiers, and the Rajputana Rifles. The combined band of the Garhwal Rifles Regimental Centre, the 58 Gorkha Training Centre and the 39 Gorkha Training Centre, and one of the JAK Li Regt Centre, the 1 Signal Training Centre and the Arty Centre, Hyderabad, were also among the contingents.
IRFC with market capitalisation of Rs 2.3 trillion today surpassed other state-owned companies like Power Grid Corporation (Rs 2.23 trillion), IOCL (Rs 2.11 trillion) and HAL (Rs 2.01 trillion).
Hindustan Aeronautics Limited will showcase its indigenously built Hindustan-228 aircraft and Advanced Light Helicopter Dhruv during Wings India 2024, a civil aviation conclave and exhibition, which will be held from January 18-21 at Begumpet Airport here. A press release from the HAL said they will hold business meetings with OEMs (original equipment manufacturers) and customers besides signing agreements with its business partners for various projects. C B Ananthakrishnan, CMD (Additional Charge), HAL, said that they are propelling the initiative of 'Made in India' fixed wing civil aircraft to boost regional connectivity in India. "The company is leveraging its strengths in manufacturing aircraft like Dornier-228 and HS-748 (a turboprop airliner) and extending its capabilities to civil aircraft programmes like the Regional Transport Aircraft. HAL is also actively pursuing collaborations for undertaking civil MRO (maintenance, repair and operations) activities," he said. The HAL .
Among the key reasons for the rally in PSUs are undervaluation and hopes of privatisation