Hindustan Aeronautics soars as its ALH MK-III gets inducted in ‘840 Squadron’ in Chennai
Hindustan Aeronautics is currently trading at Rs. 1794.85, up by 69.60 points or 4.03 % from its previous closing of Rs. 1725.25 on the BSE.
The scrip opened at Rs. 1751.50 and has touched a high and low of Rs. 1799.00 and Rs. 1732.60 respectively. So far 26509 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1970.00 on 17-Jun-2022 and a 52 week low of Rs. 995.00 on 23-Jun-2021.
Last one week high and low of the scrip stood at Rs. 1970.00 and Rs. 1698.85 respectively. The current market cap of the company is Rs. 59077.91 crore.
The promoters holding in the company stood at 75.15%, while Institutions and Non-Institutions held 21.37% and 3.48% respectively.
Hindustan Aeronautics’ indigenously designed and developed Advanced Light Helicopter (ALH) MK-III has been inducted by Indian Coast Guard (ICG) Eastern Region as first aircraft of the newly created ‘840 Squadron’. The new squadron will be stationed at Chennai, the headquarters of the Eastern Region of the Coast Guard. Three more ALHs will be added to the inventory of ‘840 Squadron’ shortly. Till date, HAL has delivered 13 out of 16 such aircraft to the ICG.
The aircraft is equipped to carry out target neutralisation, bringing to use its mounted heavy machine gun. Through concerted aerial efforts, the state-of-the-art helicopter will address India’s multi-faceted marine interests within the Exclusive Economic Zone (EEZ).
Hindustan Aeronautics is Bengaluru based Defence Public Sector Undertakings (DPSU) Company engaged in the design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including, aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures.