Hindustan Aeronautics Ltd Share Price – NSE /  BSE

Aerospace & Defence, Mid Cap

Mr. Tapas Ghose has ceased to be the General Manager, (Indgn) of Hindustan Aeronautics upon superannuation with effect from 30th September 2024.

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Hindustan Aeronautics announced that Dr. Rajalakshmi Menon, OS & DG (Aero), DRDO, has been appointed as Part-time Official Director (Government Nominee Director) on the Board of Directors of the Company in place of Muzaffaruddin Siddique Zakiruddin Siddique. The change in effect from 13 September 2024.

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Dr. D. K. Sunil did his graduation in Electronics & Communication Engineering from Osmania University, Hyderabad and M. Tech in Aircraft Production Engg from IIT, Madras. He also completed Ph.D in Electronics Science from University of Hyderabad in the year 2019.

Sunil joined Hindustan Aeronautics (HAL) in 1987 as a Management Trainee, and has about 37 years of experience in varied roles in the company contributing significantly to design, production, quality enhancement, and customer support issues.

Meanwhile, the Ministry of Defence has signed a contract with the company for supply of 240 aero-engines (AL-31FP) for Su-30 MKI aircraft of the Indian Air Force (IAF), at a cost of over Rs 26,000 crore.

The aeroengines will be manufactured by the Koraput division of the company and are expected to fulfil the need of the Indian air force to sustain the operational capability of the Su-30 fleet for the defence preparedness of the country.

The company would supply 30 aero-engines per annum as per the contractual delivery schedule. The supply of all 240 engines would be completed over the period of next eight years.

By the end of the delivery programme, the firm would enhance the indigenisation content up to 63% to achieve an average of over 54%. This would also help increase the indigenous content of Repair and Overhaul tasks of the aero-engines.

Hindustan Aeronautics (HAL) is an aerospace and defense company, owned by the government of India. The company develops, designs, manufactures, and supplies aircraft, helicopters, avionics, and communications equipment for military and civil markets.

The company’s consolidated net profit surged 76.5% to Rs 1,437.16 crore in Q1 FY25 as against Rs 814.24 crore posted in Q1 FY24. Revenue from operations was at Rs 4,347.50 crore in Q1 FY25, up 11.04% as against Rs 3,915.35 crore recorded in Q1 FY24.

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Hindustan Aeronautics announced that consequent upon approval of the Cabinet Committee on Security (CCS), the Ministry of Defence has signed a Contract today with the Company for supply of 240 aero-engines (AL-31FP) for Su-30 MKI aircraft of the Indian Air Force (IAF), at a cost of over Rs. 26,000 crore.

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