HAL clocks ‘highest ever’ revenue at ₹29,810 cr in FY24; stock hits 52-week high
HAL says it received fresh manufacturing contracts of over ₹19,000 cr and ROH contracts of over ₹16,000 crore during FY 2023-24
HAL says it received fresh manufacturing contracts of over ₹19,000 cr and ROH contracts of over ₹16,000 crore during FY 2023-24
The PSU has signed a deal worth ₹2,890 crore with the defence ministry for mid life upgrade of Indian Navy’s 25 Domier aircraft.
Last week, the Cabinet Committee on Security approved a proposal for 34 new advanced light helicopter (ALH) Dhruv Helicopters which will be manufactured by HAL.
Shares of state-owned Hindustan Aeronautics Ltd hit a record high of ₹2,500 on Friday.
The share price surged 4% intraday after the government approved a plan to acquire 12 additional Sukhoi Su-30MKI fighters to be built at HAL’s Nashik factory.
India's 400 big and small public and private companies and space startups supplied vital parts for the whole mission.
The agreement includes the potential joint production of GE Aerospace's F414 engines in India
Adani Transmission, Adani Total Gas, and Indus Towers will be removed from the MSCI India Standard Index, effective as of the close of May 31, 2023.
The government, which owns 89.97% stake in HAL, will sell 3.5% equity shares in the aerospace company at a floor price of ₹2,450 apiece.
The floor price for the OFS has been fixed at ₹2,450 per share, a discount of 6.7% to Wednesday’s closing price.