Page 7 - Hindustan Aeronautics

Aero India Show: Defence stocks a good long-term bet, say analysts

In the near-term, analysts believe a drop in the defence budget for financial year 2023-24, coupled with premium valuations of related stocks, could weigh on the sentiment

HAL inks pact with RPM on cooperation in chopper emergency medical services

The Hindustan Aeronautics Limited (HAL) and Response Plus Holding PJSC (RPM) will explore new opportunities for cooperation in the areas of emergency medical services, medical evacuation, helicopter emergency medical services (HEMS) and other mutually-beneficial fields in India, and the Gulf and the MENA (Middle East and North Africa) regions. An MoU to this effect was inked on the sidelines of the ongoing Aero India 2023, Asia's largest air show here, an HAL statement said. RPM is a leading healthcare provider of emergency medical services, remote healthcare services and occupational health solutions in the United Arab Emirates. RPM CEO Major Tom Louis said: "This Memorandum of Understanding would mutually help us to explore opportunities nationally as well as internationally to provide the much-needed HEMS and fixed wing emergency medical services.

Rolls-Royce offers engine co-creation for medium fighter

'We are keen to partner India for co-development of combat engine technology in the country. We believe that such a partnership should result in the transfer of both know-how & know-why', says company

PM attacks Congress, says HAL used to target his govt and instigate people

Spread across 615 acres of land, the factory, for which the PM laid the foundation stone in 2016, would initially manufacture Light Utility Helicopters (LUH))

Hindustan Aeronautics told to conduct Aero India 2023 in February

"Hon'ble Raksha Mantri (Defence Minister) has approved that the DDP will conduct the 14th edition of Aero India 2023 at Air Force Station, Yelahanka, Bengaluru, from 13th- 17th February 2023"

HAL gets LoI for 9 helicopters from Indian Coast Guard; stock rallies 7%

So far in calendar year 2022, the stock price of HAL has zoomed 123 per cent as compared to a 4.8 per cent rise in the S&P BSE Sensex

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

Capital goods stocks may re-rate on Govt capex push, firm demand: Analysts

Inflation remains a key risk for margins amid geopolitical tensions. But, analysts expect this to improve from the second half of FY23 due to declining commodity prices and strong order inflows

Analysts bullish on banks, defence-related plays in the PSU pack

The rally in PSU pack thus far in CY22 was mostly led by stocks from the banking and defence-related verticals, while those of oil & gas and metals & minerals did not contribute much

Stock of this PSU defence company has zoomed 113% thus far in 2022

HAL said the company is deeply dedicated towards manufacturing of indigenous aircraft and helicopter under Atmanirbhar Bharat

Nifty Next 50 reshuffle brings dozen stocks into sharp focus, including AEL

For the uninitiated, the Nifty Next 50 is the second-most important index after the Nifty50 as quite a number of ETFs track these two indices

Defence sector firms set for gains as India pushes indigenous manufacturing

Companies like BEL, BDL and HAL have strong order books and are prepping for the export market, say analysts

HAL-L&T consortium bags Rs 860-crore Isro contract for five PSLVs

Isro has been providing satellite launch services since 1990 through the PSLV, launching 319 customer satellites from 33 countries

Hindustan Aeronautics rallies 5%, hits new high on strong business outlook

In the year 2022-23, defense budgets and revenues for defense contractors are expected to remain largely stable or increase, as military programs continue to be critical to national defense

F&O expiry: Sensex soars 1,041 pts, Nifty tops 16,900; Bajaj twins leap 10%

CLOSING BELL: Tata Steel, Kotak Bank, IndusInd Bank, Nestle, Infosys, Asian Paints, and Tech M were the other outperformers, up between 3 per cent and 4.6 per cent

Stocks to watch: Dr Reddy's, Tata Motors, HAL, Bajaj Finance, Nestle India

Stocks to watch today: Dr Reddy's, Bajaj Finserv, Nestle India will report their June quarter results on Thursday, July 28; HAL signed $100 million contract with Honeywell for HTT-40 engines.

HAL signs contract worth over $100 mn with Honeywell for HTT-40 engines

The Hindustan Aeronautics Limited (HAL) on Wednesday signed a contract worth over USD 100 million with Honeywell for supply and manufacture of 88 TPE331-12B engines/kits along with maintenance and support services to power the Hindustan Trainer Aircraft (HTT-40). HAL CMD R Madhavan said the company has successfully developed Basic Trainer Aircraft (HTT-40) to address the basic training requirements of the IAF. "There is (a) potential requirement of 70 aircraft. The contract for the same with IAF is under advanced stage of approval, he added. We are proud of our four decade long partnership with HAL and happy to extend our relationship with this new order, said Senior Director, OE Sales, Honeywell Defense & Space, Eric Walters. The TPE331-12 family of engines has proven itself in operations all over the world, and we have committed to support and deliver engines as well as kits within the stipulated schedule to meet the requirements of the IAF. Honeywell is committed to support ...

Ministry of Defence's iDEX-DIO signs its 100th innovation contract

Defence Secretary Ajay Kumar says, "We are confident that iDEX will make India the biggest defence innovation ecosystem in the world'

HAL, Safran sign agreement to create JV to build helicopter engines

HAL and Safran's existing partnerships include the Shakti engine that can propel helicopters to altitudes above 20,000 ft where the Indian Army is deployed.

Tejas aircraft is Malaysia's top choice for fighter jet programme

Malaysia has narrowed down on the Indian aircraft notwithstanding the stiff competition from China's JF-17 jet, South Korea's FA-50 and Russia's Mig-35 as well as Yak-130