Hindustan Aeronautics gains on signing contract with Ministry of Defence
Hindustan Aeronautics is currently trading at Rs. 4810.90, up by 34.90 points or 0.73% from its previous closing of Rs. 4776.00 on the BSE.
The scrip opened at Rs. 4839.95 and has touched a high and low of Rs. 4839.95 and Rs. 4771.90 respectively. So far 49142 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 5166.00 on 16-May-2025 and a 52 week low of Rs. 3045.95 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 4941.85 and Rs. 4713.80 respectively. The current market cap of the company is Rs. 320677.61 crore.
The promoters holding in the company stood at 71.64%, while Institutions and Non-Institutions held 20.63% and 7.73% respectively.
Hindustan Aeronautics has signed contract with Ministry of Defence (MoD) for supply of 97 Light Combat Aircraft (LCA) Mk1A, including 68 fighters and 29 twin seaters, along with associated equipment, for Indian Air Force, at a cost of over Rs 62,370 crore (excluding taxes). The delivery of these aircraft would commence during 2027-28 and be completed over a period of six years.
The aircraft will have an indigenous content of over 64%, with 67 additional items incorporated, over and above the previous LCA Mk1A contract signed in January 2021. The integration of advanced indigenously developed systems such as the UTTAM Active Electronically Scanned Array (AESA) Radar, Swayam Raksha Kavach, and control surface actuators will further strengthen the Aatmanirbharta initiatives.
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.
