Shares of Hindustan Aeronautics (HAL) saw a 6% boost on 1 April after the Ministry of Defense awarded the company contracts totalling Rs 62,700 crore.
Earlier on 28 March, the business and the Ministry of Defense signed two contracts totalling Rs 62,700 crore for the acquisition of 156 Prachand light combat helicopters (LCH), training, and other related equipment.
The Indian Air Force (IAF) would acquire 66 LCHs under the first agreement, while the Indian Army would receive 90 LCHs under the second.
The Ministry of Defence has also entered into an agreement with Metrea Management for the wet lease of a flight refueling aircraft, aimed at facilitating air-to-air refueling training for pilots of the Indian Air Force and Indian Navy.
Dr D K Sunil, CMD, HAL, said, “This achievement was despite the shortfall in deliveries of LCA and ALH. The deliveries of LCA were affected due to non-availability of engines. The ALH delivery schedule too got hit due to the accident in January 2025 and subsequent grounding of the Fleet. However, the deliveries of other products and services were accelerated which helped us to maintain the top line.”
At 12:36 am, the shares of Hindustan Aeronautics were trading 2.81% higher at Rs 4,295 on NSE.
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