Shares of Hindustan Aeronautics Limited (HAL) were trading 3.8% higher on 1 April after the company announced signing a contract with Cochin Shipyard worth Rs 1,173 crore.

In its regulatory filing, the company said, “The company has signed a contract with Cochin Shipyard Limited (CSL), Kochi for supply of 6 sets of LM2500 Gas Turbines (GT) and GT Auxiliaries (GTAE), spares, tools for Indian Navy Next Generation Missile Vessel (NGMV) project.”

Earlier on 22 March, the company signed a contract with the Guyana Defence Force, Government of Guyana, to supply two Hindustan-228 commuter aircraft along with the Manufacturer’s Recommended List of Spares, Training, and Ground Handling Equipment/Ground Support Equipment for a total consideration of Rs 194 crore (approximately MUSD 23.37 million).

On 15 March, the company signed a contract with the Ministry of Defence for the mid-life upgrade of 25 Dornier Aircraft, including associated equipment for the Indian Navy, for Rs 2,890 crore.

On 13 March, the Ministry of Defence signed two contracts for a combined value of Rs 8,073.17 crore with the company for acquiring 34 Advanced Light Helicopters Dhruv Mk III and Operational Role Equipment for the Indian Army and Indian Coast Guard.

At 3:30 pm, the shares of Hindustan Aeronautics closed 2.19% higher at Rs 3,399.80 on NSE.