HAL

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

Stocks to Watch: Oil related stocks like ONGC/Oil India/RIL/ refiners will be in focus as crude jumped 8 per cent following a surprise output cut by the OPEC+

Most sector PSUs ended FY23 with strong order books

In the fourth of a five-part series, the IAF assures the Standing Committee on Defence that its fighter fleet is not too diverse and each fighter has its use

Hindustan Aeronautics Limited said on Friday it has registered highest-ever revenue from operations of around Rs 26,500 crore (provisional and unaudited) for 2022-23 as against Rs 24,620 in the previous financial year, an eight per cent growth. HAL CMD, C B Ananthakrishnan said, Despite the challenges of supply chain disruptions due to geo-political situations, the Company could achieve the targeted growth in the top line. This was possible with the increased thrust on indigenisation and with the available inventory. He said the order book of the Bengaluru-headquartered company stood at around Rs 82,000 crore at the end of March 2023 after liquidation of the supplies during 2022-23. The cash flow of the company has improved substantially with payments of around Rs. 25,000 crore received from the various Defence customers during 2022-23, the statement said.

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

Competition Commission has cleared the proposed acquisition of certain shareholding of JM Baxi Ports and Logistics Ltd by Germany's HLAG. The acquisition would be done by HL Terminal Holding B.V., a wholly-owned subsidiary of Hapag Lloyd Aktiengesellschaft. JM Baxi Ports is a private terminal and inland transport service provider in India. In a release on Monday, Competition Commission of India (CCI) said it has given the approval for the acquisition of shareholding of JM Baxi Ports HL Terminal Holding B.V. The acquiring entity has been set up to serve as a strategic/investment holding company for the port terminal business of HLAG. HLAG is the parent company of the acquirer group, which is headquartered in Germany. It is active in the maritime sector. Separately, CCI has given its nod for the acquisition of share capital of NSPIRA Management Services Pvt Ltd by three individuals -- Puneet Kothapa, Ponguru Sindhura and Ponguru Sharani. Currently, the acquirers collectively hold

Stocks to Watch: IT stocks may remain in focus as Accenture reported a revenue of $15.81 bn in Q2, beating its guidance of $15.2-15.75 bn. The giant also announced it will lay off 19,000 employees

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

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The floor price for the HAL stake sale is set at 2,450 rupees apiece, at a discount of 6.7% to Wednesday's close

The defence ministry on Friday sealed a deal with Hindustan Aeronautics Limited (HAL) to procure six Dornier aircraft at a cost of Rs 667 crore for the Indian Air Force. The addition of the six aircraft will further bolster the operational capability of the IAF in remote areas, the defence ministry said announcing the contract. The Dornier-228 aircraft is a highly versatile multi-purpose light transport aircraft. It has been developed specifically to meet the manifold requirements of utility and commuter transport as well as for maritime surveillance. The aircraft will have an upgraded fuel-efficient engine coupled with a five-bladed composite propeller, the ministry said. "The Ministry of Defence, on March 10, signed a contract for procurement of six Dornier-228 aircraft for the Indian Air Force from Hindustan Aeronautics Limited (HAL) at a cost of Rs 667 crore," it said. "The aircraft was used by IAF for route transport roles and communication duties. Subsequently, it has also

The defence ministry on Tuesday sealed a deal with Hindustan Aeronautics Limited (HAL) to procure 70 HTT-40 basic trainer aircraft at a cost of over Rs 6,800 crore for the Indian Air Force. The ministry also finalised a contract with the Larsen & Toubro Ltd (L&T) for acquisition of three cadet training ships worth over Rs 3,100 crore. Both the procurement proposals were cleared by the prime minister-led Cabinet Committee on Security (CCS) on March 1. "The ministry of defence on March 7 signed contracts with Hindustan Aeronautics Limited (HAL) and Larsen & Toubro Limited (L&T) for procurement of 70 HTT-40 basic trainer aircraft and three cadet training ships respectively in the presence of Defence Minister Rajnath Singh," the ministry said. While the HAL will provide 70 HTT-40 aircraft over a period of six years, the delivery of ships is scheduled to commence from 2026. Defence Secretary Giridhar Aramane, along with other senior civil and military officials of the ...

A picture of Lord Hanuman returned to the vertical stabiliser of the static display aircraft model of defence PSU Hindustan Aeronautics Limited on the last day of Aero India 2023 here, three days after it was removed without assigning any reason. Anjaneya, as Hanuman is also referred to, is seen with his mace in battle mode and the caption below the sticker read, "The storm is coming". An HAL official, on condition of anonymity, told PTI that they carried out orders as received. The HTFT-42 trainer aircraft has been kept at the HAL's Hall-3 here at the five-day aviation exhibition. Three days ago, the display came up at the pavilion eliciting curiosity among onlookers. As it hit headlines, the defence PSU removed it without citing any particular reason.

State-owned HAL and Bharat Forge Limited have signed an agreement for development and production of aerospace grade steel alloys. The Memorandum of Understanding (MoU) was signed at the ongoing Aero India show in Bengaluru on Thursday, the two entities said in a joint statement. "Hindustan Aeronautics Limited (HAL), Foundry & Forge (F&F) Division, Saarloha Advanced Materials Pvt Ltd (Saarloha) and Bharat Forge Limited (BFL), signed an MoU for collaboration in development and production of aerospace grade steel alloys," it said. "Manufacturing of specialty steel would play a significant role in realising the success of national aerospace & defense programmes under 'Atmanirbhar Bharat' initiative," R K Goyal, Director at Saarloha, said. There are very limited approved/qualified domestic suppliers for various types of aerospace grade steel alloys used in aircraft applications. Due to this, such alloys are getting imported, creating dependency on foreign steel manufacturers, ..

The Hindustan Aeronautics Ltd said on Thursday it has received the Indian Technical Standard Order (ITSO) authorisation from Directorate General of Civil Aviation for its indigenously developed Cockpit Voice Recorder (CVR) and Flight Data Recorder (FDR). The ITSO is a minimum performance standard for specified materials, parts, processes, and appliances used on civil aircraft, the Bengaluru-headquartered HAL noted in a statement. CVR and FDR are popularly known as 'black boxes'. However, these recorders are painted in orange colour to help in their recovery following an aircraft accident. CVR and FDR are used to record critical flight parameters and audio environment in a crash proof memory which is later used for investigation of aircraft incident or accident, it was noted.

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The agreement, announced at the Aero India 2023, includes transfer of intellectual property (IP) for the design and manufacture of the OAS for Indian helicopters and potential future exports

Hindustan Aeronautics Limited (HAL) has signed a Transfer of Technology (ToT) agreement with CSIR-National Aerospace Laboratories (NAL) for the design know-how, production and commercialisation of composite fin and rudder assemblies for the Light Combat Aircraft (LCA) - Tejas at Aero India here. With the signing of the technology transfer for fin and rudder, the defence PSU can directly produce these composite parts for the series production of LCA Mk1A aircraft meeting the initial requirement of Indian Air Force squadrons, NAL said in a release on Wednesday. Tejas is an indigenous 4.5 generation, all-weather and multi-role fighter aircraft for the IAF. Over the last three decades, CSIR-NAL has developed many critical technologies for the Light Combat Aircraft (LCA) Tejas and continues to support this major national programme, NAL said. It said Advanced Composites Division (ACD) of CSIR-NAL has pioneered the design and development of composite structures for LCA using innovative

State-run aerospace behemoth Hindustan Aeronautics Ltd (HAL) will provide maintenance support services for engines of American MQ-9B Remotely Piloted Aircraft System, considered one of the most sophisticated armed drones globally, for their operations in India, officials said on Wednesday. The announcement of the project comes amid India's ongoing talks with the US to procure 30 MQ-9B armed drones at a cost of over USD 3 billion primarily to crank up its surveillance apparatus along the frontier with China as well as in the Indian Ocean region. The HAL and US defence major General Atomics Aeronautical Systems, Inc (GA-ASI), the manufacturer of the MQ-9Bs, announced the collaboration on the MRO (maintenance repair and overhaul) services for the drones on the sidelines of Aero India-2023 at the Yelahanka air base complex. In 2020, the Indian Navy had taken on lease two MQ-9B Sea Guardian drones from General Atomics for a period of one year for surveillance in the Indian Ocean. The lea