Market Performance
Hindustan Aeronautics Limited (HAL) shares continued their upward trajectory for the fourth consecutive session, witnessing a 6% rise in early trade on April 1, 2025. At 09:16 AM, the stock was priced at Rs 4,433.05 on the BSE, marking an increase of Rs 257.05 or 6.16%.
The stock recorded a 52-week high of Rs 5,675.00 on July 9, 2024, and a 52-week low of Rs 3,045.95 on March 3, 2025. The company's market capitalization stands at Rs 296,471.30 crore.
Defence Contracts Announcement
On March 28, 2025, the Ministry of Defence signed two significant contracts with HAL, amounting to Rs 62,700 crore. These agreements pertain to the supply of 156 Light Combat Helicopters (LCH) "Prachand," along with training and other associated equipment.
Breakdown of Contracts:
- Indian Air Force (IAF): Procurement of 66 LCH units.
- Indian Army: Procurement of 90 LCH units.
Additionally, the Ministry of Defence has entered into a contract with Metrea Management for the wet leasing of one flight refuelling aircraft. This aircraft will provide air-to-air refuelling training for pilots from the Indian Air Force and Indian Navy.
Company Overview
Hindustan Aeronautics Limited is a key player in India's aerospace and defence sector. The company designs, develops, manufactures, and maintains aircraft, helicopters, and associated equipment for the Indian armed forces.
Summary
HAL's recent contracts with the Ministry of Defence, valued at Rs 62,700 crore, are set to enhance the production and deployment of Light Combat Helicopters. This development significantly boosts the company's operations, reinforcing its role in India's defence sector. The stock has shown notable market movements in response to these developments.
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