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Hindustan Aeronautics Limited ( (IN:HAL) ) has provided an announcement.
Hindustan Aeronautics Limited has secured a Rs 2,901 crore contract from India’s Ministry of Defence to supply six Advanced Light Helicopter (ALH) Mk-III Maritime Role platforms to the Indian Coast Guard, along with operational role equipment, an engineering support package and performance-based logistics support. Classified under the Buy (Indian–Indigenously Designed Developed and Manufactured) category, the deal reinforces HAL’s role as a key domestic defence supplier and advances India’s self-reliance agenda in aerospace.
The twin-engine ALH Mk-III (MR) helicopters feature advanced capabilities superior to existing airborne platforms and can operate from both shore bases and ships to carry out a broad range of maritime security missions. Their induction is expected to significantly bolster the Coast Guard’s ability to safeguard offshore installations, protect fishermen and the marine environment, while also generating about 65 lakh man-hours of employment through a supply chain that includes more than 200 MSMEs, thereby strengthening both maritime security and the domestic defence-industrial ecosystem.
More about Hindustan Aeronautics Limited
Hindustan Aeronautics Limited (HAL) is an Indian state-owned aerospace and defence company that designs, develops and manufactures aircraft, helicopters and related systems for the armed forces and security agencies. The company focuses on indigenously developed platforms, supporting the government’s Aatmanirbhar Bharat and Make in India initiatives in the defence and aerospace sectors.
Average Trading Volume: 103,921
Technical Sentiment Signal: Sell
Current Market Cap: 2642.8B INR
See more insights into HAL stock on TipRanks’ Stock Analysis page.