Hindustan Aeronautics

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

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

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

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

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

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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, ..

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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

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

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.

'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

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))

"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"

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

The military has already projected to HAL an eventual requirement of 65 Prachandas for the IAF and 97 for the army

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