State-run aerospace behemoth HAL on Friday said Ravi K has assumed charge as the 22nd Chairman and Managing Director of the company. He succeeded D K Sunil, who superannuated on April 30. Ravi brings over 30 years of experience across various sectors such as A&D, manufacturing and electronics, the Hindustan Aeronautics Limited (HAL) said in a release. Prior to this, he was the Director (Operations) at HAL, where he led strategic planning and played a key role in securing HAL's Maharatna status. "My vision is to transform HAL into a globally competitive aerospace and defence enterprise, driven by innovation, Artificial Intelligence (AI), operational excellence, and people," Ravi said. He has held key leadership roles, including Executive Director and General Manager of the LCA Tejas Division, as well as Executive Director (Corporate Planning). During his tenure, he concluded various big-ticket contracts for HAL, such as the contract to supply 180 LCA Tejas to the Indian Air Force,
The pact includes the transfer of manufacturing expertise to India and will be followed by a final contract
With the brake system issue resolved, the IAF will clear its grounded Tejas fleet next week, though engine shortages continue to delay the induction of 20 ready Mk-1A aircraft
Ahead of the numbers, some analysts said improved order execution and easing supply chain issues were likely to aid the company's earnings
HAL missed the original February 2024 deadline to begin deliveries
Defence related stocks have rallied up to 5% this year. Sachin Gupta of Choice Broking believes that there is pre-Budget optimism, and projects up to 12% upside in 5 shares based on technical charts.
Union Minister Ram Mohan Naidu on Tuesday flagged off the inaugural flight of the next-generation civil helicopter Dhruv NG, designed and manufactured by Hindustan Aeronautics Limited, to meet the requirements of the civil aviation market. Before take-off from HAL here, the minister joined the pilot in the cockpit to gain firsthand insight into the helicopter's advanced systems and features. According to HAL officials, Dhruv NG, a sophisticated 5.5-tonne, light twin-engine, multi-role helicopter engineered to master the diverse and demanding requirements of the Indian terrain is specifically upgraded to meet the rigorous demands of the global civil aviation market. The helicopter, which represents a milestone in indigenous rotary-wing capability, has been designed for enhanced safety, performance, and passenger comfort. The helicopter is equipped with twin Shakti 1H1C engines, providing enhanced power ratings and the advantage of internal maintenance capabilities within India. It
Motilal Oswal remains positive on Bharat Electronics, Hindustan Aeronautics and Bharat Dynamics, assigning 'Buy' ratings with target prices of ₹500, ₹5,800 and ₹2,000, respectively
HAL Chairman DK Sunil defends Tejas after the Dubai crash, calling the aircraft "absolutely safe" and insisting the incident will not dent the programme or the company's capabilities
Hindustan Aeronautics, which manufactures the aircraft powered by General Electric engines, said it does not expect the incident to impact its business operations
Q2FY26 company results: Firms including Hindustan Aeronautics, Cochin Shipyard, Indraprastha Gas, Info Edge (India), and Pfizer are also to release their July-September earnings reports today
Hindustan Aeronautics Limited (HAL) and Russia's UAC have signed an MoU to produce SJ-100 passenger jets in India, marking the first full-scale civil aircraft manufacturing project in the country
India is looking at taking domestic defence production to 100 per cent as dependence on foreign military supplies creates "strategic vulnerability", Defence Minister Rajnath Singh said on Friday. Singh said this after inaugurating a third production line of Tejas Light Combat Aircraft (LCA)-Mk1A and a second manufacturing facility of trainer jet HTT-40. With opening of the new facility for Tejas jets, the Hindustan Aeronautics Ltd (HAL) is expected to produce at least 24 LCA aircraft. "There was a time when the country was dependent on other countries to meet its defence needs, and almost 65-70 percent of defence equipment was imported," Singh said in his address "But today, this situation has changed; now India is doing 65 per cent manufacturing on its own soil," he said. "Very soon, we will take our domestic manufacturing to 100 per cent as well," he said. Singh said India's defence export has reached a record Rs 25,000 crore which was less than Rs 1,000 crore few years ago. "
Public and private sector firms vie to qualify for building prototypes of India's first indigenous stealth fighter jet
The government may restructure HAL as its orders rise to ₹2.7 crore, to make the company faster and more efficient in building fighter jets, helicopters and engines for the armed forces
The aircraft will have indigenous content of over 64 per cent, and this is over and above a previous contract for 83 LCA Mk-1A aircraft signed in January 2021
Hindustan Aeronautics Limited (HAL), Indian National Space Promotion and Authorisation Centre (IN-SPACe), NewSpace India Limited (NSIL), and ISRO on Wednesday signed a technology transfer agreement for the Small Satellite Launch Vehicle (SSLV). The SSLV is a three-stage launch vehicle designed to place satellites weighing less than 500 kg into Low Earth Orbit (LEO). Under the contract, HAL will absorb the technology in the first two years, followed by a 10-year production phase, the company said in a press release. The agreement grants HAL a non-exclusive, non-transferable licence to the SSLV technology, covering design, manufacturing, quality control, integration, launch operations, post-flight analysis, training, and support. HAL will be responsible for mass production of SSLVs to cater to domestic and global demand, it added. "HAL will work closely with IN-SPACe, ISRO, and NSIL to absorb, indigenise, and commercialise the SSLV technology, ensuring the highest standards of qualit
Around 2:30 PM, Hindustan Aeronautics share price was trading 1,99 per cent higher at ₹4,542 per share. By comparison, BSE Sensex was trading 0.31 per cent higher at 81,350.68 levels.
Two Tejas Mark-1A fighter jets are likely to be delivered next month by the state-run aerospace major Hindustan Aeronautics Ltd (HAL), Defence Secretary R K Singh said on Saturday. Singh also said that the government is likely to ink a fresh contract with HAL for procuring an additional batch of 97 Tejas jets after the delivery of the two aircraft. The Indian Air Force had flagged concerns over delays in the delivery of the Tejas Mark 1A jets under a previous contract. "Hopefully, the first two of those will be delivered with weapons integration by the end of September," Singh said at the NDTV Defence Summit. The defence secretary said about 38 Tejas jets are already in service and another 80-odd are being manufactured. In February 2021, the defence ministry sealed a Rs 48,000 crore deal with HAL for the procurement of 83 Tejas Mk-1A jets for the IAF. The delivery of the jets is facing delays primarily due to the US defence major GE Aerospace missing several deadlines for the sup
Q1 FY26 company results: Apollo Hospitals, Honasa Consumer, Aavas Financers, Alkem Laboratories, and Cochin Shipyard are also to release their April-June quarter earnings reports today