Hindustan Aeronautics surges on collaborating with Haveus Aerotech
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Hindustan Aeronautics is currently trading at Rs. 3942.00, up by 31.15 points or 0.80% from its previous closing of Rs. 3910.85 on the BSE.
The scrip opened at Rs. 3925.05 and has touched a high and low of Rs. 3959.95 and Rs. 3900.00 respectively. So far 24155 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4138.80 on 24-Aug-2023 and a 52 week low of Rs. 2203.05 on 29-Aug-2022.
Last one week high and low of the scrip stood at Rs. 4138.80 and Rs. 3780.05 respectively. The current market cap of the company is Rs. 131929.24 crore.
The promoters holding in the company stood at 71.64%, while Institutions and Non-Institutions held 22.54% and 5.82% respectively.
Hindustan Aeronautics (HAL) and Haveus Aerotech India have signed an initial pact for exploring business opportunities in the civil aviation sector both in the domestic and international markets. The memorandum of understanding (MoU) signed with HAL Accessories Division Lucknow (ADL), which is into manufacturing of aircraft systems and accessories for aircraft, helicopters and engines.
Under the collaboration, the two partners will share the experience and capabilities of each other relating to the needs of the civil aviation sector focusing on aerospace applications with a larger perspective of making India Atmanirbhar in the sector and furthering the Government's 'Make & Maintain in India' Policy.
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.
