Hindustan Aeronautics Limited (HAL) marked its fourth consecutive session at a 52-week high on BSE on Thursday, November 30. Simultaneously, the stock of Cochin Shipyard demonstrated an upward trajectory on a day when the defence ministry convened to discuss potential defence deals. Here’s why HAL is under the spotlight:
The PSU is poised to potentially sell 12-15 advanced light helicopters to the Philippines, with an estimated deal value of Rs 2,200 crore. HAL is strategically gearing up to augment its fighter jet manufacturing capacity by the year 2025, demonstrating its commitment to bolstering national defence capabilities.
Simultaneously, the company is also expanding its helicopter manufacturing capacity to further contribute to the nation’s aerial prowess. Recent order wins have solidified HAL’s standing, including a significant agreement with Airbus to establish a CIVIL MRO facility in Nashik.
In a strategic move, HAL has partnered with Safran Aircraft to manufacture commercial engine parts, adding another dimension to its diverse portfolio. As of May 2023, HAL’s order book stood at an impressive Rs 81,784 crore, and the current estimated order book has surpassed the Rs 1 lakh crore milestone.
The Defence Acquisition Council (DAC) has greenlit proposals from the Indian Air Force, including the approval for the purchase of 12 Su-30 MKI aircraft, a testament to HAL’s integral role in bolstering the country’s air capabilities.
As of 1:35 pm today, HAL shares exhibited a 0.44% uptick, trading at ₹2,353.80.