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.
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
State-owned aeronautics firm appears to have countercyclical strength, as supply of spares and lack of diversification are potential downside risks.
In the past one week, the stock has gained 18 per cent after the company reported 90 per cent year on year (YoY) jump in consolidated net profit at Rs 3,105 crore for March quarter (Q4FY22).
'Civil Aviation in India has been witnessing high growth with sound projections for the future', said Madhavan
Under the pact, the company has partnered with IAI to convert civil (passenger) aircraft to multi mission tanker transport (MMTT) aircraft in India.
CLOSING BELL: Besides, Kotak Bank, HUL, IndusInd Bank, Tata Steel, L&T, and Sun Pharma were the other top gainers
Income likely to continue flowing in from helicopters and Tejas light fighter
The corresponding figure for the previous year stood at Rs 22,755 crore.
The company has reportedly signed MoU with French aerospace engine firm Safran to extend cooperation and explore opportunities for new helicopter engines in civil and military markets
The dependence on Russian spares can potentially impact Rs 4,000-4,200 crore worth of RoH revenues for Hindustan Aeronautics (HAL)
The order envisages manufacturing, assembly, testing and supply of compact heat exchangers to be fitted in the light combat aircraft, Tejas, being manufactured by HAL
HAL has signed a contract with the Mauritius government to export one advanced light helicopter (ALH Mk-III) for the country's police force, an official statement said on Wednesday.
Manila is evaluating a maritime variant of the Dhruv ALH, which HAL has developed in Bengaluru on request from the Indian Navy and Coast Guard
The government has signed a contract for procurement of two simulators at a cost of Rs 357 crore for imparting training to pilots of Jaguar fighter jets, the defence ministry said on Thursday
Malaysia, Argentina, Egypt - the three countries that have evinced interest in the Indian light fighter
Variants of the Adour engine power the Indian Air Force's Jaguar fighters as well as its fleet of Hawk advanced jet trainers
Rallies 29% in 7 days; analysts say firm well placed to execute order book
The company said it has signed a $716 million deal with GE Aviation for procurement of 99 engines for manufacturing 83 LCA Tejas for Indian Air Force (IAF)
Earlier in the day, the 30-share index scaled mount 56,000 and hit a fresh record high of 56,118. The Nifty50, on the other hand, hit a new high of 16,702