Page 6 - Hindustan Aeronautics

Rs 36,468 cr worth of order for Tejas placed under Modi govt: Officials

Under the Narendra Modi government, an order of Rs 36,468 crore for the delivery of 83 LCA Mk 1A Tejas aircraft has been placed with Hindustan Aeronautics Limited, official sources said on Saturday, as the prime minister visited the defence PSU and took a sortie in the fighter jet. The delivery of these Tejas aircraft is scheduled to begin by February 2024, they said, asserting that the government has taken giant steps for increasing India's defence preparedness and indigenisation, which includes Tejas fighter aircraft. The first version of the aircraft was inducted into the Indian Air Force in 2016. Currently, two IAF squadrons are fully operational with LCA Tejas, they said. More than Rs 9,000 crore has been sanctioned for the development of LCA Mk 2, an updated and more lethal version of LCA Tejas, they said. To further promote indigenisation, including of the aircraft engine, the transfer of technology for manufacturing of the GE engine in India was negotiated with the US firm

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)

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 ..

Stocks to Watch on Sept 18: L&T, Voda Idea, Vedanta, BEL, Dhanlaxmi Bank,

Stocks to Watch today, September 18, 2023: L&T's Rs 10,000-crore buyback will open on Monday, September 18, at Rs 3,200 per share

PM Modi, Prez Biden welcome jet engine pact between GE Aerospace-HAL

The two leaders also reiterated the importance of nuclear energy as a necessary resource to meet climate, energy transition, and energy security needs of both the nations

HAL gains 3% to cross Rs 4,000-mark; stock touches fresh lifetime high

Thus far in the calendar year, the stock price of HAL has appreciated nearly 60 per cent, as compared to 6.8 per cent rise in the S&P BSE Sensex

HAL failure to anticipate EASA norms led to longer compliance checks: CAG

The Hindustan Aeronautics Limited applied for European Aviation Safety Agency (EASA) certification of Helicopter 1 in 2009 to enhance its export potential to European countries, but failed to anticipate stringent requirements of EASA which took longer time for compliance and a consequential additional fee, a CAG report has found. The Comptroller and Auditor General of India (CAG)- Union Government (Public Sector Undertakings Ministry of Defence) for the year ended March 2020 Report No 18 of 2023 was presented in Parliament on Thursday, according to an official statement. "The Hindustan Aeronautics Limited (HAL) also failed to identify technical experts to avail consultancy services for timely compliance of the stringent requirements of EASA. The expenditure of Rs 108.24 crore incurred was impaired," it said. As on March 31, 2021, there were nine main defence PSUs, six subsidiaries and two joint venture companies under the Ministry of Defence, the CAG has said in the report. On ..

Centre to start routes for planes with a capacity of less than 20

UDAN 5.2 will use aircraft categories like 1A and 1, which have a seating capacity of nine passengers and 20 passengers, respectively

9 new entrants in Rs 1 trn m-cap club in '23; HAL, Varun Beverages make cut

Hindustan Aeronautics, Varun Beverages among firms to enter

MoD, HAL sign Rs 458 cr contract for two upgraded Dorniers for Coast Guard

The aircraft will be fitted with several advanced equipment including a glass cockpit, maritime patrol radar, electro-optic infrared device, and mission management system

HAL hits new high on stock split plan; zooms over 700% from March 2020 lows

The board of directors of state-owned defence company will meet on June 27 to consider a proposal of stock split of the equity shares of the company having a face value of Rs 10 each

Stocks to Watch today, June 9: Asian Paints, L&T Fin, HAL, Urja Global

Stocks to watch today, June 9, 2023: Tata Power Renewable Energy, through its subsidiary, has received a contract to set up a 966 MW round-the-clock hybrid renewable power projects for Tata Steel

Solid order book, indigenisation to keep defence stocks in demand: Analysts

Shares of Hindustan Aeronautics (HAL), Mazagon Dock Shipbuilders, MTAR Technologies, Bharat Electronics (BEL), and Bharat Dynamics (BDL) have skyrocketed up to 160 per cent in a year

CPSE index nears record high after six years; RVNL zooms 125% since March

In the past one month, CPSE index has outperformed the market by surging 7 per cent, as compared to 3.4 per cent rise in the S&P BSE Sensex.

Hindustan Aeronautics hits new high; joins Rs 1-trillion market cap-club

At 10:03 am; with a market cap of Rs 1.006 trillion, HAL claimed the 52nd spot in the overall market cap ranking, the BSE data shows

HAL, PFC lead race for MSCI index, Adani Total, Kotak Bank in focus too

Analysts predict both PSU stocks to rake in huge passive inflows; Adani Transmission and Indus Towers could get removed from index

Hindustan Aeronautics launches third assembly line of Tejas jets

HAL also proposes to remove 300 kg of dead weight distributed across the Mark I to balance the fighter evenly

Star PSU: HAL's productivity gains, overhaul business driving growth

Productivity gains and the overhaul business are driving growth. HAL is also tapping into opportunities in civil aviation

Govt to exercise green shoe option for HAL OFS, likely to raise Rs 2,800 cr

The Finance Ministry on Thursday decided to exercise the green shoe option as the offer-for-sale of Hindustan Aeronautics Ltd (HAL) has received a good response, with the issue subscribed 4.5 times on day one. "Offer for Sale (OFS) of government shares in HAL got great response on day one. Issue subscribed 4.5 times of base size at a clearing price above the floor price by non-retail investors. Govt has decided to exercise the green shoe option. Retail investors get chance to bid tomorrow," DIPAM Secretary Tuhin Kanta Pandey said in a tweet. The OFS comprised of base issue size of 1.75 per cent or 58.51 lakh shares, with an option to retain over-subscription of an equal quantum. The government on Wednesday proposed to sell up to a 3.5 per cent stake in HAL at a floor price of Rs 2,450 a share, if fully subscribed, the OFS would fetch about Rs 2,800 crore to the exchequer. On the first day of OFS, shares of HAL closed 4.87 per cent down at Rs 2,497.40 each on BSE. The floor price i

Govt plans to sell 3.5% stake in Hindustan Aeronautics through OFS

The government owns 75 per cent in the public sector aerospace and defence business