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HAL is also the ‘Best All-round Wealth Creator’stock. (AI image) Hindustan Aeronautics or HAL has emerged as the most consistent and all-round wealth creator stock in the span of the last five years, according to a new report by Motilal Oswal Financial Services Limited. The defence Public Sector undertaking (PSU) stock has outperformed the Nifty…
BENGALURU: Hindustan Aeronautics (HAL) fell about 8.5% to an intraday low of Rs 4,205 on BSE after a Tejas fighter aircraft crashed during a demonstration at the Dubai Air Show. The Tejas is part of India’s indigenous light combat aircraft programme developed by the Bengaluru-based aerospace and defence company. The stock later pared some losses…
Hindustan Aeronautics Ltd (HAL) issued a statement on Monday on the Tejas crash in Dubai, calling it an “isolated occurrence caused by exceptional circumstances”. The crash led to the death of Indian Air Force pilot Wing Commander Namansh Syal.“We would like to bring to your attention that the recent incident during the aerial display at…
HAL share price today: Hindustan Aeronautics Ltd (HAL) shares dropped on Monday by around 8.5% drop to Rs 4,205.25 (intraday low) on the BSE, following a Tejas fighter aircraft crash during a demonstration at the Dubai Air Show.The Tejas aircraft is produced by HAL under India’s domestic light combat aircraft initiative.Nilesh Jain, Head Vice President,…
BENGALURU: Defence PSU Hindustan Aeronautics Ltd (HAL) Wednesday said it has signed a contract with Germany’s Hensoldt Sensors GmbH at the Dubai Air Show 2025 to secure design transfer and intellectual property rights for advanced obstacle-avoidance technologies for helicopters.The agreement covers the Transfer of Design ToT, IPR, and manufacturing and repair capability for an Obstacle…
BENGALURU: Defence PSU Hindustan Aeronautics Limited (HAL) and Russia’s United Aircraft Corporation (UAC) have signed a memorandum of understanding (MoU) to manufacture the SJ-100 civil commuter aircraft in India. The agreement, signed in Moscow on Tuesday, marks a major step towards India producing a complete passenger aircraft for the first time since the Avro HS-748…
NEW DELHI: American firm GE Aerospace has handed over the fourth F404-IN20 fighter jet engine to Hindustan Aeronautics Limited (HAL) against the 2021 order, HAL confirmed on Wednesday. The engines will power India’s indigenous Light Combat Aircraft (LCA) Tejas Mk1A, which is being inducted into the Indian Air Force.HAL Chairman and Managing Director Dr DK…
Currently, HAL’s order backlog exceeds its yearly revenue by more than eight-fold. (File photo of Tejas) With an aim to speed up deliveries of crucial platforms to the armed forces, the government is looking to restructure the public sector giant Hindustan Aeronautics Limited (HAL). The aim is to improve the operational effectiveness.The restructuring initiative stems…
India is on track to finalise a $1 billion deal with US aerospace firm General Electric (GE) for 113 F404-IN20 fighter jet engines, as negotiations between the two countries continue.The engines will power India’s indigenous LCA Tejas Mk1A, supporting the government’s Atmanirbhar Bharat defence initiative.Dr DK Sunil, HAL chairman and managing director, told ANI, “We…
NEW DELHI: Under the Rs 66,500-crore contract inked by Hindustan Aeronautics (HAL) with the defence ministry on Thursday, 97 additional Tejas Mark-1 A fighter aircraft will be delivered by the PSU over a six-year period beginning 2027-28.Significantly, the Indian Air Force (IAF) is yet to get even the first of the 83 ‘improved’ Tejas Mark-1A…
