Alice Blue Home
URL copied to clipboard

Trending News

Defence stock to watch after it signs contract worth ₹62,700 Cr with Min. of Defence

Prominent defence manufacturer secured a ₹62,700 crore contract to supply 156 LCH Prachand, boosting high-altitude combat capabilities and strengthening indigenous aerospace manufacturing with 65% local content.
Defence stock surges after securing ₹62,700 Cr contract with Ministry of Defence!
Defence stock surges after securing ₹62,700 Cr contract with Ministry of Defence!

Introduction:

Leading Defence manufacturer has secured a ₹62,700 crore contract from the Ministry of Defence to supply 156 Light Combat Helicopters (LCH) Prachand. This deal will enhance India’s high-altitude combat capabilities and strengthen indigenous aerospace manufacturing.

Alice Blue Image

Also Read: Infra stock receives 2 orders worth ₹1,400 Cr

Share price movement of HAL:

On March 28, 2025, Hindustan Aeronautics Ltd. opened at ₹4,200.00, up 0.92% from its previous close of ₹4,161.60. The stock reached a high of ₹4,294.00 (3.18%) and a low of ₹4,159.40. By 4:00 PM, it traded at ₹4,176.00, a 0.35% increase, with a market cap of ₹2,79,280.44 crore.

HAL Secures ₹62,700 Crore Contract for 156 LCH Prachand:

Hindustan Aeronautics Ltd. (HAL) has signed contracts with the Ministry of Defence to supply 156 Light Combat Helicopters (LCH) Prachand. The Indian Army will receive 90 units, while the Indian Air Force will get 66.

With over 65% indigenous content, the project will involve 250 domestic companies, mainly MSMEs. It is expected to generate 8,500 jobs, enhancing India’s defense manufacturing sector and promoting self-reliance in aerospace technology.

Recent news on HAL:

As of February 12, 2025, Hindustan Aeronautics Ltd. reported a 14% rise in Q3 FY25 net profit to ₹1,439.83 crore, with revenue growing 15% to ₹6,957.31 crore, reflecting strong operational performance and increased defence sector demand.

Stock performance of HAL for Period of 1 week, 6 months, and 1 year:

Hindustan Aeronautics Ltd. delivered a 1.15% return over the past week but declined by 5.62% in the past six months. The stock gained 25.6% over the past year.

Also Read: Niraj Cement Structural’s JV receives order worth ₹115 Cr from NHAI

Shareholding pattern of HAL:

ParticularsDec 2024Sep 2024Jun 2024
Promoter71.60%71.60%71.60%
FII12.30%11.90%11.70%
DII8.20%8.40%8.80%
Public8.00%8.10%7.90%
Alice Blue Image

About HAL:

Hindustan Aeronautics Ltd. (NSE: HAL) specializes in manufacturing aircraft and helicopters, along with their repair and maintenance. The company plays a crucial role in India’s aerospace and defence sector, supporting indigenous aviation advancements.

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.

Loading
Submit the form, and get to know how you scored!!!

Gainers & Losers

Read More News
आज के F&O मार्केट मूवर्स और हाइलाइट्स!

F&O मार्केट आज: टॉप गेनर्स और लूजर्स, OI में उछाल, सबसे सक्रिय कॉन्ट्रैक्ट्स।

आज F&O बाजार में मिली-जुली गतिविधियाँ देखने को मिलीं, जिसमें महत्वपूर्ण कॉन्ट्रैक्ट्स में उल्लेखनीय लाभ और नुकसान हुए। ओपन इंटरेस्ट

*T&C apply