Introduction:
Prominent defense company has secured a ₹13,500 crore contract with the Ministry of Defence for 12 Su-30MKI aircraft, enhancing India’s defense capabilities. The aircraft, with 62.6% indigenous content, will be manufactured at the company’s Nasik division.
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Share price movement of HAL:
On December 13, 2024, Hindustan Aeronautics Ltd opened at ₹4,770.00, up 0.39% from its previous close of ₹4,661.10. The stock reached a high of ₹4,770.00 and a low of ₹4,658.35. By 10:49 AM, it traded at ₹4,679.10, with a market cap of ₹3,12,986.70 crore.
HAL signs ₹13,500 crore deal:
Hindustan Aeronautics Ltd (HAL) has signed a contract with the Ministry of Defence for the procurement of 12 Su-30MKI aircraft, valued at approximately ₹13,500 crore, inclusive of taxes and duties. The deal includes associated equipment and components.
The procurement is a significant step towards the government’s “Aatmanirbhar Bharat” initiative, with the aircraft to be manufactured at HAL’s Nasik division. The deal includes associated equipment and aims to enhance the operational capabilities of the Indian Air Force.
These Su-30MKI aircraft will feature 62.6% indigenous content, with several components to be sourced from Indian defense manufacturers, further strengthening the country’s defense infrastructure and self-reliance in military technology.
Recent news on HAL:
As of November 14, 2024, Hindustan Aeronautics Limited (HAL) reported a 22.1% rise in Q2 FY25 net profit to ₹1,510.49 crore, with revenue growing 6% to ₹5,976.29 crore, supported by a 7.3% EBITDA increase.
Stock performance of HAL for Period of 1 week, 6 months and 1 year:
Hindustan Aeronautics Ltd has seen a 2.21% return over the past week, though it experienced a 10.4% decline over the last six months. However, the stock has delivered a strong 68.1% return over the past year.
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Shareholding pattern of HAL:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 71.60% | 71.60% | 71.60% |
| FII | 11.90% | 11.70% | 12.40% |
| DII | 8.40% | 8.80% | 9.60% |
| Public | 8.10% | 7.90% | 6.40% |
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About HAL:
Hindustan Aeronautics Ltd (NSE: HAL) is a public sector enterprise specializing in the design, development, manufacture, and servicing of aircraft, helicopters, aero-engines, and aerospace structures. The company operates across multiple complexes and has 13 commercial joint ventures.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
