Page 6 - Hindustan Aeronautics Ltd

HAL has order book of Rs 84,000 cr, another Rs 50,000 cr in pipeline: CMD

The Hindustan Aeronautics Limited has an order book position of Rs 84,000 crore and another Rs 50,000 crore worth of orders are in the pipeline, its Chairman and Managing Director C B Ananthakrishnan said on Tuesday. He also said Argentina and Egypt have evinced interest in buying the HAL-built Light Combat Aircraft 'Tejas'. While Argentina's requirement is 15 aircraft, Egypt wanted a fleet of 20 LCAs, Ananthakrishnan told a press conference on the sidelines of Aero India 2023, Asia's largest air show underway at Air Force Station, Yelahanka here. "We are in a comfortable position today with an order of Rs 84,000 crore we are sitting on and orders in the pipeline are about Rs 50,000 crore," he said. Ananthakrishnan said indigenisation has been given thrust in line with Prime Minister Narendra Modi's emphasis on 'Atma Nirbhar Bharat'.

HAL to showcase indigenous products during DefExpo 2022 in Gandhinagar

Hindustan Aeronautics Limited said on Friday it is geared up to display its indigenous products at the 12th edition of DefExpo to be held at Gandhinagar from October 18 to 22. "HAL's participation will focus on technological excellence and indigenisation initiatives, under its business verticals such as fighters, trainers, transport aircraft, helicopters, engines, systems and avionics besides projecting the company's futuristic programs", the Bengaluru-headquartered company said. HAL will have a dedicated 'Indigenisation Exhibition Stall' for active participation and interaction of Indian industry partners, it said in a statement. More than 200 imported items planned to be indigenised with private industries will be displayed in this stall to attract Indian industry. As many as 26 already indigenised items will be displayed. Launching of a document on indigenisation success stories of HAL, handing over of "Project Sanction Orders" of Positive Indigenisation List items to the Indi

Best of BS Opinion: A non-hyphenated democracy, development by HAL & more

Here is the best of Business Standard's opinion pieces for today

Spinning success

Development of Prachanda helicopters by HAL is encouraging

Home-grown 'Prachanda' light combat helicopter joins Indian Air Force fleet

The military has already projected to HAL an eventual requirement of 65 Prachandas for the IAF and 97 for the army

NSE indices rejig: Adani Enterprises, Adani Total, HAL can rally up to 10%

Adani Total Gas is the only stock that has closed in green each quarter since the Covid-19 pandemic, shows the quarterly chart. The stock has surged 14 times from the pandemic lows

HAL signs agreement establishing footprint in Malaysia to export weaponry

Aerospace giant preparing for likely success in exporting Indian Tejas Mark 1A fighter

HAL to open office in Kuala Lumpur to support Malaysian Defence Forces

Hindustan Aeronautics Limited has signed an MoU for establishing an office in Kuala Lumpur (Malaysia). The office in Malaysia will help HAL in tapping the new business opportunities for Fighter Lead-in Trainer (FLIT) LCA and other requirements of Royal Malaysian Air Force (RMAF) like Su-30 MKM and Hawk upgrades, the Bengaluru-headquartered company said in a statement on Thursday. "It will reinforce commitment of India in supporting the Malaysian Defence Forces and industry for sustainable aerospace and defence landscape in Malaysia", it said. HAL had submitted a proposal to the Ministry of Defence (MINDEF), Malaysia, during October 2021 for supply of 18 FLIT LCAs against a global tender issued by RMAF. "The final winner of the tender is expected to be declared soon by Malaysian authorities. LCA Tejas stands a fair chance of selection in the bid as it meets all the parameters sought by RMAF," according to HAL. Further, being one of the largest producers of Russian origin Su-30 ...

Hindustan Aeronautics developing long-endurance drone for vigil over LAC

Hindustan Aeronautics Ltd (HAL) is working on an AI-driven multi-role, advanced and long-endurance drone for strategic missions in high-altitude areas including along the frontiers with China

Hindustan Aeronautics signs $100-mn deal with Honeywell for trainer engines

The IAF, which currently imparts basic training to army and navy pilots in addition to its own, calculates that it needs 181 basic trainer aircraft

Only 99 aspirants of 55,000 get selected as mgmt and design trainees in HAL

Speaking on the occasion, HAL CMD, R Madhavan called upon the trainees to make good use of the opportunity to build their career and contribute to the national cause.

Returns from these stocks beat Sensex in current bloodbath. Do you own any?

Crisil, Hindustan Aeronautics, MRPL, ITC, and Welspun Corp have logged smart gains despite the broader market weakness.

HAL, Israel Aerospace tie up to turn civil aircraft into mid-air refuellers

Under the new MoU, "HAL will convert pre-owned civil passenger aircraft into air refuelling aircraft with cargo and transport capabilities," the IAF said.

Hindustan Aeronautics hits record high on highest-ever revenue in FY22

Recently, HAL bagged a contract for production of 15 Light Combat Helicopters (LCH), 10 for IAF and five for the Indian Army at a cost of Rs 3,887 crore.

Stocks to Watch: DMart, IOC, SML Isuzu, Maruti, HAL, Fertilisers, IT shares

IT stocks are likely to be in focus ahead of the earnings season and likely benefit from the India-Australia trade deal.

HAL brings 19-seater civil aircraft, plans to deploy under Udaan scheme

In the first major attempt in India to develop small civil transport aircraft, HAL introduced Hindustan 228, a 19-seater aircraft that can be operated even in semi-prepared and unpaved airstrips.

HAL signs pact with SASMOS to work together in aerospace domain

Hindustan Aeronautics Limited (HAL) has signed an MoU with Bengaluru-based company SASMOS to work together on advanced electronics, electrical and fibre optic interconnections in the aerospace domain. The a memorandum of understanding was signed between the two companies on March 11. HAL's subsidiary Naini Aerospace Limited (NAeL) was also a signatory to the MoU, SASMOS' statement noted. "The MoU is intended to explore business cooperation, especially in the northern India, through utilization of capacity and capabilities of NAeL to bring their expertise in fibre optics, electronics and electrical interconnected system in the aerospace domain through the support from HAL and SASMOS," it added. Under the MoU, HAL and SASMOS will "work together in the field of advanced electronics, electrical and fibre optics interconnections in the aerospace domain", it mentioned.

New HAL warfighting system removes need to send pilots into enemy airspace

Indian air power planners, however, have not entirely embraced this belief in autonomous warfare

Stealth game: HAL joins DRDO in building 5th-gen advanced combat aircraft

The IAF has accorded the Tejas Mark 2 its "comprehensive design review", which means its design has been found viable and the manufacture of its first prototypes cleared

HAL signs Rs 2,400 cr contract with BEL for supply of avionics for LCA

This is the biggest ever order received by BEL for avionic systems