Hindustan Aeronautics Ltd

HAL registers highest-ever revenue of around Rs 26,500 cr for 2022-23

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.

Hindustan Aeronautics tumbles 6% on pricing OFS at discount

The government will be offloading 3.5 per cent stake in HAL through an Offer for Sale at Rs 2,450 per share from March 23 - 24, 2023.

Govt inks Rs 6,800-cr contract with HAL to procure 70 trainer aircraft

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 ...

HAL showcases products at 'Advantage Andhra Pradesh 2023 Exhibition'

HAL has showcased wide range of products ranging from Aircraft to miniature sized components. The stall is categorized in two categories 'Success Stories' and 'Business Opportunity' for AP

DLF, Hindustan Aeronautics can bounce back, says Mehul Kothari; check why

According to the technical analyst from Anand Rathi, shares of Hindustan Aeronautics can bounce back to Rs 2,700, while DLF can jump to Rs 370.

Defence stocks: HAL poised for a historic peak; BDL, BEL test key levels

HAL sets to hit new all-time and may rise up to 9 per cent. BDL and BEL need to cross key hurdles to breakout.

Hindustan Aeronautics' Dhruv choppers to get monitors to dodge obstacles

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

State-run HAL to provide maintenance support for GA-ASI's MQ-9B engines

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. The HAL will provide the maintenance repair and overhaul (MRO) services for the operations of MQ-9B drones 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 MQ9Bs,, 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 fro

Hindustan Aeronautics Ltd to provide MRO support for GA-ASI's MQ-9B engines

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

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.

HAL in talks with four nations to sell its light-combat aircraft Tejas

Malaysia has shortlisted the Tejas light fighter jet for an order of around 10 to 20 planes and Argentina, Egypt and Botswana have also expressed interest

HAL has order book of Rs 84,000 cr, another Rs 50,000 cr in pipeline: CMD

The Hindustan Aeronautics Limited has an order book position of Rs 84,000 crore and another Rs 50,000 crore worth of orders are in the pipeline, its Chairman and Managing Director C B Ananthakrishnan said on Tuesday. He also said Argentina and Egypt have evinced interest in buying the HAL-built Light Combat Aircraft 'Tejas'. While Argentina's requirement is 15 aircraft, Egypt wanted a fleet of 20 LCAs, Ananthakrishnan told a press conference on the sidelines of Aero India 2023, Asia's largest air show underway at Air Force Station, Yelahanka here. "We are in a comfortable position today with an order of Rs 84,000 crore we are sitting on and orders in the pipeline are about Rs 50,000 crore," he said. Ananthakrishnan said indigenisation has been given thrust in line with Prime Minister Narendra Modi's emphasis on 'Atma Nirbhar Bharat'.

HAL to showcase indigenous products during DefExpo 2022 in Gandhinagar

Hindustan Aeronautics Limited said on Friday it is geared up to display its indigenous products at the 12th edition of DefExpo to be held at Gandhinagar from October 18 to 22. "HAL's participation will focus on technological excellence and indigenisation initiatives, under its business verticals such as fighters, trainers, transport aircraft, helicopters, engines, systems and avionics besides projecting the company's futuristic programs", the Bengaluru-headquartered company said. HAL will have a dedicated 'Indigenisation Exhibition Stall' for active participation and interaction of Indian industry partners, it said in a statement. More than 200 imported items planned to be indigenised with private industries will be displayed in this stall to attract Indian industry. As many as 26 already indigenised items will be displayed. Launching of a document on indigenisation success stories of HAL, handing over of "Project Sanction Orders" of Positive Indigenisation List items to the Indi

Best of BS Opinion: A non-hyphenated democracy, development by HAL & more

Here is the best of Business Standard's opinion pieces for today

Spinning success

Development of Prachanda helicopters by HAL is encouraging

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

NSE indices rejig: Adani Enterprises, Adani Total, HAL can rally up to 10%

Adani Total Gas is the only stock that has closed in green each quarter since the Covid-19 pandemic, shows the quarterly chart. The stock has surged 14 times from the pandemic lows

HAL signs agreement establishing footprint in Malaysia to export weaponry

Aerospace giant preparing for likely success in exporting Indian Tejas Mark 1A fighter

HAL to open office in Kuala Lumpur to support Malaysian Defence Forces

Hindustan Aeronautics Limited has signed an MoU for establishing an office in Kuala Lumpur (Malaysia). The office in Malaysia will help HAL in tapping the new business opportunities for Fighter Lead-in Trainer (FLIT) LCA and other requirements of Royal Malaysian Air Force (RMAF) like Su-30 MKM and Hawk upgrades, the Bengaluru-headquartered company said in a statement on Thursday. "It will reinforce commitment of India in supporting the Malaysian Defence Forces and industry for sustainable aerospace and defence landscape in Malaysia", it said. HAL had submitted a proposal to the Ministry of Defence (MINDEF), Malaysia, during October 2021 for supply of 18 FLIT LCAs against a global tender issued by RMAF. "The final winner of the tender is expected to be declared soon by Malaysian authorities. LCA Tejas stands a fair chance of selection in the bid as it meets all the parameters sought by RMAF," according to HAL. Further, being one of the largest producers of Russian origin Su-30 ...

Hindustan Aeronautics developing long-endurance drone for vigil over LAC

Hindustan Aeronautics Ltd (HAL) is working on an AI-driven multi-role, advanced and long-endurance drone for strategic missions in high-altitude areas including along the frontiers with China