Page 4 - Hal Hindustan Aeronautics
HAL signs contract worth over $100 mn with Honeywell for HTT-40 engines
The Hindustan Aeronautics Limited (HAL) on Wednesday signed a contract worth over USD 100 million with Honeywell for supply and manufacture of 88 TPE331-12B engines/kits along with maintenance and support services to power the Hindustan Trainer Aircraft (HTT-40). HAL CMD R Madhavan said the company has successfully developed Basic Trainer Aircraft (HTT-40) to address the basic training requirements of the IAF. "There is (a) potential requirement of 70 aircraft. The contract for the same with IAF is under advanced stage of approval, he added. We are proud of our four decade long partnership with HAL and happy to extend our relationship with this new order, said Senior Director, OE Sales, Honeywell Defense & Space, Eric Walters. The TPE331-12 family of engines has proven itself in operations all over the world, and we have committed to support and deliver engines as well as kits within the stipulated schedule to meet the requirements of the IAF. Honeywell is committed to support ...
 "HAL signs contract worth over $100 mn with Honeywell for HTT-40 engines")
HAL stock at new high on strong Q4, prospect of bagging defence orders
State-owned aeronautics firm appears to have countercyclical strength, as supply of spares and lack of diversification are potential downside risks.
 "HAL stock at new high on strong Q4, prospect of bagging defence orders")
LIC IPO opens today. 5 other PSU stocks you can bet on for strong gains
These 5 PSU stocks can jump as much as 25 per cent from the current levels, provided the overall market momentum stays strong
 "LIC IPO opens today. 5 other PSU stocks you can bet on for strong gains")
BHEL bags order to supply compact heat exchanger sets for Tejas aircraft
The order envisages manufacturing, assembly, testing and supply of compact heat exchangers to be fitted in the light combat aircraft, Tejas, being manufactured by HAL
 "BHEL bags order to supply compact heat exchanger sets for Tejas aircraft")
HAL pays second interim dividend of Rs 376 cr for FY21 to government
The central government on Wednesday received the second interim dividend cheque of Rs 376.94 crores for the financial year 2020-21 from the Hindustan Aeronautics Limited (HAL)
 "HAL pays second interim dividend of Rs 376 cr for FY21 to government")
Hindustan Aeronautics' light utility chopper for army gets initial nod
The chopper received the initial operational clearance (IOC) from the military aviation regulator on Friday
 "Hindustan Aeronautics' light utility chopper for army gets initial nod")
HAL extends decline after govt's 15% stake sale; stock tanks 26% in 4 days
Despite a 26% decline, the stock has outperformed the market by surging 60% in the past three months, against a 17% rise in the S&P BSE Sensex.
 "HAL extends decline after govt's 15% stake sale; stock tanks 26% in 4 days")
Hindustan Aeronautics surges 17% in two days, hits fresh 52-week high
ICRA has assigned a long term rating of double A and a short-term rating of A one plus for the company's bank facilities with stable outlook.
CARE downgrades Hindustan Aeronautics' rating as receivables rise
HAL is majorly owned by the government and has a strategic role in the defence programme.
HAL's Goa helicopter MRO project to be functional soon, says Shripad Naik
The HAL and Safran Helicopter Engines, had entered into a joint venture to set up this helicopter maintenance plant at Honda village in North Goa
IAF holds back Rs 20,000 crore from HAL, as foreign vendors get paid
With zero cash balance, firm takes Rs 781-crore loan to pay salaries
 "IAF holds back Rs 20,000 crore from HAL, as foreign vendors get paid")
HAL's indigenous trainer aircraft poised for first flight on Tuesday
HAL projects it will build the first two HTT-40 trainers in 2018, eight in 2019, and reach its capacity of 20 a year from 2020
