Page 5 - Hindustan Aeronautics

Next-gen Aravalli engines set to power Hindustan Aeronautics helicopters

At the Shakti engine's current unit price of Rs 8-10 cr, the expense on these engines would amount to Rs 40,000-50,000 cr

In Hindustan Aeronautics' hangar: Orders and execution ready for takeoff

With a 55% stock rise, defence major is taxiing towards growth, and brokerages have upgraded their earnings forecasts

Hindustan Aeronautics share price rises 2% as profit rallies 77% in Q1

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

Hindustan Aeronautics Q1 results: Net profit jumps 77% to Rs 1,437 cr

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

HAL looks to build light helicopters to develop medium chopper expertise

The second and concluding part of the series on India's indigenous aerospace industry traces HAL's strategy to retain its position as the country's top-performing defence PSU

HAL receives RFP from MoD for 156 light combat helicopters; stock soars 5%

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)

Defence stocks rally up to 18% as Union Minister sets 5 yr export target

Shares of defense companies soared up 17.6 percent on the BSE in Friday's intraday deals

Sebi penalises individual for not complying with summons in HAL case

Sebi on Friday imposed a fine of Rs 20 lakh on Rajat Mishra for failing to comply with the summons issued by the authority in a matter pertaining to violation of market norms while dealing in Hindustan Aeronautics Ltd's (HAL) shares. The regulator has directed the individual (Rajat Mishra) to pay the amount of penalty within 45 days. The Securities and Exchange Board of India (Sebi) had initiated adjudication proceedings against Mishra for the alleged violation of the regulatory norms. Thereafter, a show cause notice was issued by Sebi to Mishra on May 8, 2024. "I note ...that the investigation report in the matter records that failure to furnish information and failure to appear in person before the Investigating Authority (IA) by the entity (Mishra) has hampered the investigation process and shows his callous attitude and complete disregard to the regulator," Sebi's Adjudicating Officer Amar Navlani said in an order. Accordingly, the regulator penalised Mishra for flouting the S

This state-owned defence stock surged 9% intraday today; Check details

The Propellant Tank Production Facility specialises in crafting high-performance fuel and oxidizer tanks, crucial elements for the LVM3 launch vehicle

Isro Chairman inaugurates HAL facilities, boosting rocket manufacturing

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

Defense stocks extend rally; BDL, CSL, GRSE, BEL zoom over 25% in 1 week

Bharat Dynamics hit a new high of Rs 1,650, zooming 17% in intra-day trade after the stock of state-owned defense company turned ex-date for 1:2 split on Friday.

Defense stocks on a roll; BDL, BEL, HAL, Cochin Shipyard rally 5%

The Government of India's initiatives to make India self-reliant in providing weapon systems to the Indian Armed Forces and clearance for export to FFCs have opened plenty of opportunities for defense

HAL Q4 results: Net profit rises 52% to Rs 4,309 cr, revenue up over 18%

Capital goods and manufacturing companies have benefited throughout fiscal 2024 from the Indian government's push for higher capital expenditure. This extended into the fourth quarter

New orders point to further gains for Hindustan Aeronautics stock

HAL is the primary supplier of India's military aircraft, helicopters, engines, avionics and accessories and the main provider of maintenance for defence aerospace

Large domestic order book, exports growth key drivers for defence stocks

India is world's second-largest importer of defence equipment with 9% of global arms imports

Stocks to Watch: Adani Group, Torrent Power, HAL, Lupin, Railtel, KPI Green

Stocks to watch on March 18, 2024: As per PTI, the Adani group will invest more than Rs 1.2 lakh crore in FY25 across its portfolio business with a special focus on green and renewable energy

This defense stock has zoomed 144% so far in FY24, 77% post stock split

Shares of Hindustan Aeronautics (HAL) hit a new high of Rs 3,334.45, gaining 3 per cent on the BSE in Thursday's intraday trade

Strong order book, upgrades help HAL fly past the Rs 2 trillion mcap mark

The shares of HAL hit a new high of Rs 3,038.60, surging 5 per cent on the BSE in intraday trade on Friday on a robust business outlook

REC, PFC, IRFC zoom over 200% in FY24. Time to exit PSU stocks?

A K Prabhakar, head of research at IDBI Capital, too remains selective and suggests investors exit power sector stocks such as REC and PFC where the run up has been sharp

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