Hindustan Aeronautics Ltd News

Defence ministry, HAL sign Rs 26,000 cr pact for Su-30MKI jets' engines

The Defence Ministry on Monday sealed a Rs 26,000-crore deal with state-run aerospace major Hindustan Aeronautics Ltd (HAL) for the procurement of 240 aero-engines for Su-30MKI aircraft. The aero-engines will be manufactured by the Koraput division of HAL and are expected to fulfil the Indian Air Force's need to sustain the operational capability of the Su-30 fleet. In a major boost to the Aatmanirbhar Bharat initiative, the Defence Ministry signed a contract with HAL for 240 AL-31FP aero engines for Su-30MKI aircraft at a cost of over Rs 26,000 crore, an official readout said. The contract agreement was inked by the senior officials of the ministry and the HAL in the presence of Defence Secretary Giridhar Aramane and Chief of Air Staff Air Chief Marshal V R Chaudhari.

HAL rises 5% after Cabinet approves Rs 26,000-cr order for 240 aero-engines

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.

Hindustan Aeronautics share price rises 2% as profit rallies 77% in Q1

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

Hindustan Aeronautics Q1 results: Net profit jumps 77% to Rs 1,437 cr

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

RVNL, HAL: Is there more downside for Rail, Defence stocks post Budget?

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.

Defence, rail shares under pressure; HAL, Siemens, ABB down up to 7%

Defence, railways stocks in focus: In the past one month, most of these stocks had hit their respective record highs

From fighters to copters, how R&D powers HAL's Himalayan-altitude flight

In the first of a two-part series on India's indigenous aerospace industry, Business Standard traces HAL's pioneering research and development

F&O Insights: Grasim among 12 stocks with over 20% OI change in last 4 days

In the derivatives segment, stocks such as India Cement, GMR Infra, Chambal Fertilizers seem to have witnessed long unwinding in recent trading sessions owing to the sharp rally in share prices.

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)

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

LS poll impact: PSU shares in free fall mode; most stocks hit lower circuit

Government-owned shares witnessed intense selling pressure as analysts feared that the relatively poor showing of the Modi-government may impact its reforms agenda.

SBI, Power Grid can turbocharge your portfolio; 5 PSU stocks to bet on

PSU banks, CPSE stocks rally post exit poll verdict: SBI, Power Grid, Coal India, Hindustan Aeronautics and Union Bank of India seem to be favourably placed on the charts.

Capital goods soars 6%, records sharpest intra-day rally since March 2020

Bharat Electronics, Larsen & Toubro, Hindustan Aeronautics, CG Power, Bharat Heavy Electricals and Schaeffler India have rallied between 7% and 9% in intra-day trade

Why is Nomura betting big on RIL, BEL, Exide, Sona BLW and Uno Minda?

As corporate capex picks up, it expects the Indian corporate sector to sustain 12 - 17 per cent earnings growth in the medium-term

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

Hindustan Aeronautics soars 10% on solid Q4 results; m-cap crosses Rs 3 trn

HAL stock price: HAL surpassed Avenue Supermarts (D-Mart), Power Grid Corporation, Adani Green Energy, Titan Company, Adani Ports, Coal India and M&M in overall market cap ranking

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

This PSU defense stock has zoomed 123% since Nov; UBS sees over 25% upside

Since September 28, 2023, the market price of HAL has appreciated by 115% after the stock split in the ratio of 1:1.