Page 5 - Hindustan Aeronautics Ltd

Defence Secretary Aramane urges HAL to partner with private players

Hailing the important work being done by HAL, Aramane said, "HAL has received applause at the highest levels and the government trusts your capability to deliver and make the country self-reliant "

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

HAL picks 139 trainees out of over 30,000 applicants in latest batch

Hindustan Aeronautics Limited has picked 139 trainees in its latest batch out of over 30,000 aspirants, according to the Bengaluru-headquartered company. HAL inducted the 46th batch of Management and Design Trainees (MTs and DTs) at a programme here on Wednesday. The batch would go through a 52-week training programme through HAL Management Academy in various disciplines such as aeronautics, production, electrical, electronics, computer science, finance, human resources and legal. "Out of over 30,000 aspirants, 139 trainees have been inducted", an HAL statement said. Seven handbooks on technical and managerial subjects were released by HAL CMD (Additional Charge) C B Ananthakrishnan during the event. "HAL is among the top 40 companies in India as per market capitalisation. Expectations are high to sustain the growth and continue to perform well. Today, with the focus towards 'Aatmanirbhar Bharat', the future is bright for HAL as we have many new products being developed and hope

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)

IIS signs three MOUs to prepare skilled workforce for defence sector

Speaking at the event, skill development minister Dhramendra Pradhan said that the partnerships focus on the holistic development of youth

Airbus, HAL sign pact to establish Civil MRO facility for A-320 aircarfts

Airbus on Thursday said it is partnering with Hindustan Aeronautics Limited to support the Bengaluru-headquartered company's entry into servicing of commercial aircraft, especially the A320 family of aircraft. Through this, Airbus said, it is also seeking to strengthen the aircraft Maintenance, Repair and Overhaul (MRO) industry in India. Through this partnership, Airbus will support HAL to tap into the growing demand for MRO services for the country's expanding commercial fleet, especially the A320 family of aircraft. Under the agreement, Airbus will provide the A320 family tool package and offer specialised consulting services to HAL to set up an MRO, it said in a release. Airbus will also offer HAL access to AirbusWorld, a digital platform that offers support, technical data and training solutions. "HAL has a vision to establish an integrated MRO hub in the country and provide airlines with an effective MRO solution. This step by HAL Nashik is also aligned to civil-military ...

Easing oil prices lifts market mood; Sensex up 406 pts, Nifty near 19,550

Closing Bell on October 5, 2023: L&T, Titan Company, TCS, Bajaj Auto, M&M, Infosys, Eicher Motors, Asian Paints, and ICICI Bank were the top stocks that supported the indices, rising up to 2.15%

HAL hands over first LCA Tejas twin-seater aircraft to Indian Air Force

Hindustan Aeronautics Limited on Wednesday handed over the first LCA Tejas twin seater aircraft to the Indian Air Force. The Bengaluru-headquartered company said the twin seater variant has all the capabilities to support the training requirements of the IAF and augments itself to the role of fighter as well in case of necessity. Union Minister of State for Defence Ajay Bhatt was the chief guest during the function wherein the unveiling of the LCA twin seater, handing over of Release to Service (RSD), Signalling out Certificate (SOC) were conducted in the presence of Chief of Air Staff Air Chief Marshal V R Chaudhari, among others. The LCA Tejas twin seater is a light weight, all weather multi-role 4.5 generation aircraft. It is an amalgamation of contemporary concepts and technologies, such as relaxed static-stability, quadraplex fly-by-wire flight control, carefree maneuvering, advanced glass cockpit, integrated digital avionics systems and advanced composite materials for the ..

Defence stocks on roll: Mazagon Dock, BDL, Cochin Shipyard surge up to 10%

Mazagon Dock Shipbuilders hit a new high of Rs 1,584, as the stock rallied 10 per cent on reports that MoD has cleared the procurement of three additional Scorpene or Kalvari class submarines.

Tech diplomacy

Multiple deals will test India's capabilities

India-US bilateral relationship: Is it soft power at work or hard?

While it feels good to talk about yoga, the diaspora and other manifestations of soft power, the true driver of relations is hard power; soft power only contributes some garnish, writes T N Ninan

India-US jet engine deal: What are jet engines? Why is this deal important?

Technology around manufacturing jet engines capable of powering fighter aircraft is very closely guarded and remains the biggest impediment for countries wanting to develop their own combat aircraft

Defence shares in focus; HAL, Bharat Dynamics, BEL hit new highs

The defence sector looks well placed in terms of increasing domestic procurements by the government for our armed forces.

Hindustan Aeronautics posts first decline in profit in 10 quarters

The company also said it incurred tax expenses of 124.7 million rupees in the quarter, against a gain of 5.28 billion rupees from tax refunds a year ago

Back in action: HAL's ALH Dhruv helicopters begin flying operations

This comes less than a month after the operations of the helicopters were halted by the Indian Navy following an accident off the Mumbai coast

HAL registers highest-ever revenue of around Rs 26,500 cr for 2022-23

Hindustan Aeronautics Limited said on Friday it has registered highest-ever revenue from operations of around Rs 26,500 crore (provisional and unaudited) for 2022-23 as against Rs 24,620 in the previous financial year, an eight per cent growth. HAL CMD, C B Ananthakrishnan said, Despite the challenges of supply chain disruptions due to geo-political situations, the Company could achieve the targeted growth in the top line. This was possible with the increased thrust on indigenisation and with the available inventory. He said the order book of the Bengaluru-headquartered company stood at around Rs 82,000 crore at the end of March 2023 after liquidation of the supplies during 2022-23. The cash flow of the company has improved substantially with payments of around Rs. 25,000 crore received from the various Defence customers during 2022-23, the statement said.

Hindustan Aeronautics tumbles 6% on pricing OFS at discount

The government will be offloading 3.5 per cent stake in HAL through an Offer for Sale at Rs 2,450 per share from March 23 - 24, 2023.

Govt inks Rs 6,800-cr contract with HAL to procure 70 trainer aircraft

The defence ministry on Tuesday sealed a deal with Hindustan Aeronautics Limited (HAL) to procure 70 HTT-40 basic trainer aircraft at a cost of over Rs 6,800 crore for the Indian Air Force. The ministry also finalised a contract with the Larsen & Toubro Ltd (L&T) for acquisition of three cadet training ships worth over Rs 3,100 crore. Both the procurement proposals were cleared by the prime minister-led Cabinet Committee on Security (CCS) on March 1. "The ministry of defence on March 7 signed contracts with Hindustan Aeronautics Limited (HAL) and Larsen & Toubro Limited (L&T) for procurement of 70 HTT-40 basic trainer aircraft and three cadet training ships respectively in the presence of Defence Minister Rajnath Singh," the ministry said. While the HAL will provide 70 HTT-40 aircraft over a period of six years, the delivery of ships is scheduled to commence from 2026. Defence Secretary Giridhar Aramane, along with other senior civil and military officials of the ...

HAL showcases products at 'Advantage Andhra Pradesh 2023 Exhibition'

HAL has showcased wide range of products ranging from Aircraft to miniature sized components. The stall is categorized in two categories 'Success Stories' and 'Business Opportunity' for AP

DLF, Hindustan Aeronautics can bounce back, says Mehul Kothari; check why

According to the technical analyst from Anand Rathi, shares of Hindustan Aeronautics can bounce back to Rs 2,700, while DLF can jump to Rs 370.