Page 2 - Hindustan Aeronautics

HAL receives RFP from MoD for 156 light combat helicopters; stock soars 5%

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)

Defence stocks rally up to 18% as Union Minister sets 5 yr export target

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

Sebi penalises individual for not complying with summons in HAL case

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

This state-owned defence stock surged 9% intraday today; Check details

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

Isro Chairman inaugurates HAL facilities, boosting rocket manufacturing

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

Defense stocks extend rally; BDL, CSL, GRSE, BEL zoom over 25% in 1 week

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.

Defense stocks on a roll; BDL, BEL, HAL, Cochin Shipyard rally 5%

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

HAL Q4 results: Net profit rises 52% to Rs 4,309 cr, revenue up over 18%

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

New orders point to further gains for Hindustan Aeronautics stock

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

Large domestic order book, exports growth key drivers for defence stocks

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

Stocks to Watch: Adani Group, Torrent Power, HAL, Lupin, Railtel, KPI Green

Stocks to watch on March 18, 2024: As per PTI, the Adani group will invest more than Rs 1.2 lakh crore in FY25 across its portfolio business with a special focus on green and renewable energy

This defense stock has zoomed 144% so far in FY24, 77% post stock split

Shares of Hindustan Aeronautics (HAL) hit a new high of Rs 3,334.45, gaining 3 per cent on the BSE in Thursday's intraday trade

Strong order book, upgrades help HAL fly past the Rs 2 trillion mcap mark

The shares of HAL hit a new high of Rs 3,038.60, surging 5 per cent on the BSE in intraday trade on Friday on a robust business outlook

REC, PFC, IRFC zoom over 200% in FY24. Time to exit PSU stocks?

A K Prabhakar, head of research at IDBI Capital, too remains selective and suggests investors exit power sector stocks such as REC and PFC where the run up has been sharp

Nigeria, Philippines, Argentina showing interest in procuring Tejas: HAL

Nigeria, Philippines, Argentina and Egypt have shown interest in procuring indigenously-developed Tejas Light Combat aircraft, CB Ananthakrishnan, the Chairman and Managing Director of the Hindustan Aeronautics Ltd, said on Wednesday. Ananthakrishnan said talks are on with these countries for the possible procurement. "Nigeria, Philippines and Egypt are keen to procure Tejas Light Combat aircraft," Ananthakrishnan told PTI on the sidelines of an event. On how India will proceed with the supply of the Tejas jets to Argentina if the procurement fructifies as the aircraft has some components sourced from the United Kingdom, the Chairman and Managing Director of Hindustan Aeronautics Ltd (HAL) said a way would be found out in such a scenario. After the 1982 Falklands War, the UK imposed an embargo on military sales to Argentina and especially prevented supply of hardware manufactured by it. In view of the British restrictions, it is perceived that supply of military hardware comprisin

Hindustan Aeronautics spending over Rs 2,000 crore this year on R&D

India's aerospace major Hindustan Aeronautics Ltd (HAL) is spending over Rs 2,000 crore this year on research and development in line with its overall approach towards indigenisation of critical avionics and related hardware, a senior official of the state-run entity said on Wednesday. The HAL will showcase its rich legacy in the design, development and production of a diverse range of avionics systems at an expo in Delhi on December 7 and 8. "We are spending over Rs 2,000 crore this year on R&D," said Dr D K Sunil, Director of Engineering and R&D at the HAL. Over the last few decades, the HAL has developed a number of military aircraft and helicopters including the Tejas Light Combat jet and Prachand Light Combat Helicopters. "We wanted to showcase what we are doing towards 'Atmanirbharta' (self-reliance) in defence. The HAL has been doing it over a period of time," said Sunil. "We have invested a lot in the research and development and we have a very big R&D set up. The .

CDS to inaugurate Avionics Expo-2023 in Delhi, focus on HAL capabilities

Hindustan Aeronautics Limited is all set to showcase its rich legacy in the design, development and production of a diverse range of avionics systems during Avionics Expo-2023 to be held at Ambedkar International Centre, New Delhi on December 7-8.The Expo will be inaugurated by the Chief of Defence Staff, General Anil Chauhan.C B Ananthakrishnan, CMD (Additional Charge), HAL said "We will demonstrate HAL's capabilities and contributions toward self-reliance in avionics, to our stakeholders, including the Indian Armed Forces, Ministry of Defence, Ministry of Civil Aviation, DRDO and other important institutions."Avionics Product Displays: The expo will unveil a comprehensive range of avionics products designed and developed by HAL. Attendees will witness cutting-edge avionics systems deployed in various aircraft platforms, including advanced flight control systems, communication systems, navigation systems and more.D K Sunil, Director (Engineering and R & D) said "The event will ...

Hindustan Aeronautics up for 6th straight day; soars 5% on healthy outlook

In the past 10 months, the stock price of HAL has zoomed 111 per cent. Moreover, from its March 2020 low, it has skyrocketed 1,016 per cent

Rs 36,468 cr worth of order for Tejas placed under Modi govt: Officials

Under the Narendra Modi government, an order of Rs 36,468 crore for the delivery of 83 LCA Mk 1A Tejas aircraft has been placed with Hindustan Aeronautics Limited, official sources said on Saturday, as the prime minister visited the defence PSU and took a sortie in the fighter jet. The delivery of these Tejas aircraft is scheduled to begin by February 2024, they said, asserting that the government has taken giant steps for increasing India's defence preparedness and indigenisation, which includes Tejas fighter aircraft. The first version of the aircraft was inducted into the Indian Air Force in 2016. Currently, two IAF squadrons are fully operational with LCA Tejas, they said. More than Rs 9,000 crore has been sanctioned for the development of LCA Mk 2, an updated and more lethal version of LCA Tejas, they said. To further promote indigenisation, including of the aircraft engine, the transfer of technology for manufacturing of the GE engine in India was negotiated with the US firm

Hindustan Aeronautics incorporates JV With Safran for helicopter engines

HAL added that the first opportunities identified are the engines for the Indian Multi-Role Helicopter (IMRH) and Deck Based Multi-Role Helicopter (DBMRH)