GRSE, Cochin Shipyard, BDL, BEML, MDL, MIDHANI, BEL and HAL are up in the range of 3% to 10% on the BSE in Tuesday's intra-day trade in otherwise subdued market.
HAL had secured an engine manufacturing contract worth 260 billion rupees for the Indian Air Force during the reported quarter
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)
Q2 results today, November 14: Lemon Tree Hotels, Bharat Forge, Grasim Industries, Muthoot Finance, and Medanta to post Q2FY25 earnings on Thursday
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.
Oberoi Realty has broken out of a consolidation zone and is headed up with higher-than-average buying volumes
HAL has undergone a corrective phase from its peak of Rs 5,659 towards the 200 SMA on the daily time frame chart, coinciding with the previous breakout zone. In the last couple of trading sessions
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
This would impact greater operational and financial autonomy to the HAL's board, allowing it to make project investments up to Rs 5000 crore without seeking government approval
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.
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.
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
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, railways stocks in focus: In the past one month, most of these stocks had hit their respective record highs
In the first of a two-part series on India's indigenous aerospace industry, Business Standard traces HAL's pioneering research and development
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 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)
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