Hindustan Aeronautics

HAL had secured an engine manufacturing contract worth 260 billion rupees for the Indian Air Force during the reported quarter

Stock Market Today: Adani Enterprises has successfully raised $500 million through a share sale, marking its return to the equity markets after a previous cancellation.

The Indian Navy will get two nuclear-powered attack submarines, which will boost its underwater deterrence capabilities manifold in the Indian Ocean Region.

Hindustan Aeronautics Limited (HAL) has handed over the first AL-31FP Aero Engine, manufactured under the 240 engine contract, to the Indian Air Force at Koraput in Odisha. The contract for 240 AL-31FP Aero Engines for Su-30MKI aircraft was signed on September nine, Bengaluru-headquartered HAL noted in a statement on Tuesday, adding, these engines would be delivered in eight years. The statement said Secretary (Defence Production) Sanjeev Kumar lauded HAL's efforts in delivering the first engine within weeks of signing the contract. "This key milestone reflects HAL's aero engine manufacturing competency and dedication to support the Su-30MKI fleet of IAF. It is very heartening to see that Koraput Division has mastered cutting edge technologies of aero engine manufacturing and has set up required infrastructure to match with the global OEMs, he said. HAL CMD D K Sunil said: "During this entire engine manufacturing process, we aim to engage Indian industries from present level of wo

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.

At the Shakti engine's current unit price of Rs 8-10 cr, the expense on these engines would amount to Rs 40,000-50,000 cr

With a 55% stock rise, defence major is taxiing towards growth, and brokerages have upgraded their earnings forecasts

The Navratna company's stock has more than doubled investors' money, rallying 143.29 per cent in the last one year, according to BSE analytics

The state-owned fighter jet manufacturer and maintenance firm said its consolidated net profit rose to Rs 1,437 crore ($171 million) in the quarter ended June 30

The second and concluding part of the series on India's indigenous aerospace industry traces HAL's strategy to retain its position as the country's top-performing defence PSU

HAL has notified that a RFP has been issued to the company by the MoD for procurement of 156 LCH Prachand or Light Combat Helicopters (90 for Indian Army and 66 for Indian Air Force)

Shares of defense companies soared up 17.6 percent on the BSE in Friday's intraday deals

Sebi on Friday imposed a fine of Rs 20 lakh on Rajat Mishra for failing to comply with the summons issued by the authority in a matter pertaining to violation of market norms while dealing in Hindustan Aeronautics Ltd's (HAL) shares. The regulator has directed the individual (Rajat Mishra) to pay the amount of penalty within 45 days. The Securities and Exchange Board of India (Sebi) had initiated adjudication proceedings against Mishra for the alleged violation of the regulatory norms. Thereafter, a show cause notice was issued by Sebi to Mishra on May 8, 2024. "I note ...that the investigation report in the matter records that failure to furnish information and failure to appear in person before the Investigating Authority (IA) by the entity (Mishra) has hampered the investigation process and shows his callous attitude and complete disregard to the regulator," Sebi's Adjudicating Officer Amar Navlani said in an order. Accordingly, the regulator penalised Mishra for flouting the S

The Propellant Tank Production Facility specialises in crafting high-performance fuel and oxidizer tanks, crucial elements for the LVM3 launch vehicle

ISRO Chairman S Somanath inaugurated state-of-the-art propellant tank production and computer numerical control (CNC) machining facilities at Hindustan Aeronautics Limited's Aerospace Division here, boosting rocket manufacturing capacity . HAL said the facilities would provide a major boost to ISRO's ability to meet its growing production needs, particularly for the Launch Vehicle Mark3, India's heaviest and most powerful rocket. Currently, the existing capacity allows for only two LVM3 launches per year, whereas ISRO's requirements stand at six launches annually, according to an HAL statement on Wednesday. The facilities will address this gap, enabling HAL to manufacture enough critical components to support the production of six LVM3 rockets per year, it said. Somanath was quoted as saying in the statement that HAL has enormous capacities and this potential should be explored in the larger interest of both the organisations. "HAL will play a larger role in ISRO's future missions

Bharat Dynamics hit a new high of Rs 1,650, zooming 17% in intra-day trade after the stock of state-owned defense company turned ex-date for 1:2 split on Friday.

The Government of India's initiatives to make India self-reliant in providing weapon systems to the Indian Armed Forces and clearance for export to FFCs have opened plenty of opportunities for defense

Capital goods and manufacturing companies have benefited throughout fiscal 2024 from the Indian government's push for higher capital expenditure. This extended into the fourth quarter

HAL is the primary supplier of India's military aircraft, helicopters, engines, avionics and accessories and the main provider of maintenance for defence aerospace

India is world's second-largest importer of defence equipment with 9% of global arms imports