HAL

March 31 (Reuters) - Hindustan Aeronautics Ltd HIAE.NS:

• HAL - REGISTERS PROVISIONAL UNAUDITED REVENUE OF 322.50 BILLION RUPEES FOR FY 2025-26

Source text: ID:nBSE5ZY7qg

Further company coverage: HIAE.NS

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March 26 (Reuters) - ACS Technologies Ltd ACST.BO:

• ACS TECHNOLOGIES LTD -GETS ORDER VALUED AT 15.6 MILLION RUPEES

Source text: ID:nBSE6MV1tR

Further company coverage: ACST.BO

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March 5 (Reuters) - DCX Systems Ltd DCXS.NS:

• RECEIVES PURCHASE ORDERS WORTH 680.5 MILLION RUPEES

• TO SUPPLY ANTENNA AND POWER SUPPLIES TO HINDUSTAN AERONAUTICS

Source text: ID:nBSE5Jcmy5

Further company coverage: DCXS.NS

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March 3 (Reuters) -

• INDIA GOVERNMENT: DEFENCE MINISTRY INKS 50.83 BILLION RUPEES HELICOPTER AND MISSILE CONTRACTS

Further company coverage: HIAE.NS

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Feb 24 (Reuters) - Centum Electronics Ltd CENT.NS:

• RECEIVES ORDER FROM HAL FOR AESA RADAR SYSTEM

• PHASE-1 ORDER VALUE OF 660 MILLION RUPEES, PHASE-2 INDICATIVE VALUE OF 5 BILLION RUPEES

Source text: ID:nBSE2tycw3

Further company coverage: CENT.NS

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Feb 23 (Reuters) - Hindustan Aeronautics Ltd HIAE.NS:

• HAL - THERE HAS BEEN NO REPORTED CRASH OF THE LCA TEJAS

• HAL - EVENT IN QUESTION WAS A MINOR TECHNICAL INCIDENT ON GROUND

• HAL - ISSUE BEING ANALYSED IN DEPTH, WORKING CLOSELY WITH INDIAN AIR FORCE FOR RESOLUTION

Further company coverage: HIAE.NS

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Feb 13 (Reuters) - Hindustan Aeronautics Ltd HIAE.NS:

• CLARIFIES REPORT ABOUT DASSAULT-HAL RAFALES COLLABORATION

• COMPANY DID NOT RECEIVE ANY SUCH OFFICIAL COMMUNICATION

Source text: ID:nNSE4fvv6z

Further company coverage: HIAE.NS

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Feb 12 (Reuters) - Hindustan Aeronautics Ltd HIAE.NS:

• HINDUSTAN AERONAUTICS Q3 CONSOL NET PROFIT 18.67 BILLION RUPEES

• HINDUSTAN AERONAUTICS Q3 CONSOL REVENUE FROM OPERATIONS 76.99 BILLION RUPEES

• HAL - DIVIDEND OF 35 RUPEES PER SHARE

Further company coverage: HIAE.NS

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** Shares of Hindustan Aeronautics HIAE.NS drop 3.6% to 4,065 rupees, their lowest since April 2025

** The Economic Times on Wednesday reported HIAE not shortlisted for the next stage to develop and manufacture India's advance medium combat aircraft (AMCA)

** Report also said the AMCA contract had a clause that "discouraged companies with a large outstanding order book"

** HIAE on Wednesday said it "has not received any official communication in this regard and, therefore, is not in a position to comment on these reports at this stage"

** State-owned fighter jet manufacturer has fallen 9.1% since then

** J.P. Morgan analysts say HIAE's recent slump makes it an attractive stock; adds co has "ample opportunity to win large orders"

** Brokerage keeps "overweight" rating and PT of 6,004 rupees unchanged

** Analysts tracking HIAE rate it "buy" on average - data compiled by LSEG

** Stock rose 5.3% in January vs 5.6% climb in defence stocks index .NIFTYINDDEFENCE

(Reporting by Nandan Mandayam in Bengaluru)

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Feb 4 (Reuters) - Hindustan Aeronautics Ltd HIAE.NS:

• CANNOT COMMENT ON AMCA PROGRAMME REPORTS

• HAL HAS NOT RECEIVED ANY OFFICIAL COMMUNICATION IN THIS REGARD

Source text: ID:nBSEbjmMYg

Further company coverage: HIAE.NS

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Jan 29 (Reuters) - Hindustan Aeronautics Ltd HIAE.NS:

• HAL - CONTRACT SIGNED FOR SUPPLY OF 10 DHRUV NG HELICOPTERS

• HAL - CONTRACT VALUE EXCEEDS 18 BILLION RUPEES

Source text: ID:nBSEGGxfJ

Further company coverage: HIAE.NS

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Nov 21 (Reuters) - GE GE.N Aerospace is prepared to support the investigation into what caused a crash of a Indian home-produced Tejas fighter jet at the Dubai Airshow, a spokesperson for the company said on Friday.

It was the second known crash of the fighter jet, which is built by state-owned Hindustan Aeronautics Ltd HIAE.NS and powered by General Electric engines.

(Reporting by Aditi Shah in New Delhi and Hritam Mukherjee in Bengaluru; Editing by Anil D'Silva)

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Nov 12 (Reuters) - Hindustan Aeronautics Ltd HIAE.NS:

• Q2 CONSOL NET PROFIT 16.69 BILLION RUPEES

• Q2 CONSOL REVENUE FROM OPERATIONS 66.29 BILLION RUPEES

Source text: ID:nBSE5WP0wb

Further company coverage: HIAE.NS

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NEW DELHI, Sept 25 (Reuters) - India has signed a deal worth 623.70 billion rupees ($7.03 billion) with Hindustan Aeronautics Ltd HIAE.NS for Tejas Mk-1A fighter aircraft for the Indian Air Force, the defence ministry said in a statement on X on Thursday.

($1 = 88.6880 Indian rupees)

(Reporting by Hritam Mukherjee; Editing by YP Rajesh)

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** Shares of Hindustan Aeronautics HIAE.NS rise 2% to 4,541 rupees after tech transfer pact

** Indian space agency ISRO, commercial arm NSIL and regulator IN-SPACe enable HAL to manufacture Small Satellite Launch Vehicle

** SSLV can carry 500kg payload to low-Earth orbit for communication, earth observation uses

** HAL gets autonomy to build, own, operate launch vehicle; 2-yr tech absorption, then 10-yr production phase

** 18 analysts have a "buy" rating on avg, median PT is 5,800 rupees - data compiled by LSEG

** Stock up nearly 9% YTD

(Reporting by Urvi Dugar)

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NEW DELHI, Sept 5 (Reuters) - India could build its third aircraft carrier, to be nuclear-powered, as part of a 15-year defence modernisation plan announced on Friday that also includes the use of Indian-made fighter jets by the navy for the first time.

Bordered by strategic rivals China and Pakistan, both of whom India has clashed with in deadly fights in recent years, New Delhi is increasingly leaning on domestic defence companies to bolster capabilities and cut dependence on foreign suppliers such as Russia, France and the United States.

"As the nation stands on the threshold of embracing greater challenges and responsibilities in the forthcoming decades, it is but imperative that the Services be equipped accordingly," said the defence ministry's 2025 roadmap.

"Greater private-public sector partnership is thus the road ahead."

India currently operates two aircraft carriers, one of Russian origin and the other home-built. The proposed carrier is expected to be nuclear-powered, a first for India, for longer reach and stealthier operations.

The document outlines the need for at least 10 nuclear propulsion systems to support the carrier and other future warships, underscoring India's ambition to expand its strategic reach across the Indian Ocean.

India also plans to induct an unspecified number of new-generation twin-engine, deck-based fighters and light combat aircraft, both being developed by state-owned Hindustan Aeronautics Ltd HIAE.NS for the navy.

In April, India signed a deal with France worth 630 billion rupees (about $8 billion) for 26 Rafale-Marine twin and single-seat jets, made by Dassault Aviation AM.PA, to be deployed on its two carriers: INS Vikrant and INS Vikramaditya.

India hopes to have 62 Rafale jets in service by 2030, including 36 for the air force that started arriving in 2020. Currently, the carriers deploy a fleet of Soviet-origin MiG-29K.

The roadmap also anticipates procuring two electromagnetic aircraft launch systems, developed for the U.S. Navy to launch aircraft from carriers using electromagnetic forces instead of traditional steam catapults.

It also places a big emphasis on drones that played a key role in a May military conflict with arch-enemy Pakistan.

India has budgeted spending of about 6.81 trillion rupees ($77 billion) on defence this fiscal year. It is the world's fourth biggest defence spender after the United States, China and Russia, according to World Bank data.

(Reporting by Shivam Patel and Krishna N. Das in New Delhi; Editing by Ros Russell)

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-- Source link: https://tinyurl.com/5942e8z3

-- Note: Reuters has not verified this story and does not vouch for its accuracy

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** Shares of Hindustan Aeronautics HIAE.NS rise nearly 1% to 4,506 rupees

** Wins order for 97 fighter jets from govt; biggest on record worth 670 bln rupees ($7.66 bln) - CLSA

** CLSA ("outperform", 5,436 rupees PT) says HAL biggest beneficiary of government's 'Make in India' push with large growth pipeline

** Notes HAL deserves premium over global aerospace peers due to pipeline, market access; has virtual monopoly in high entry barrier industry

** On avg, stock rated "buy" by 18 analysts; median PT at 5,800 rupees - data compiled by LSEG

** Stock up nearly 8% YTD

($1 = 87.4200 Indian rupees)

(Reporting by Komal Salecha)

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Aug 21 (Reuters) - Hindustan Aeronautics Ltd HIAE.NS:

• MINISTRY OF DEFENCE APPROVED PROPOSAL FOR PROCUREMENT OF 97 AIRCRAFT FROM CO

Source text: ID:nBSE2Dj4G8

Further company coverage: HIAE.NS

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** Hindustan Aeronautics (HAL) HIAE.NS rises 2.1% to 4,545 rupees

** Government approves order for 97 fighter jets worth 620 bln rupees ($7.12 bln) from HAL, local media reports, citing sources

** HAL did not immediately respond to Reuters' request for comment

** HIAE gains ~9% YTD

($1 = 87.1260 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

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** Shares of Hindustan Aeronautics HIAE.NS rise about 3% to 4538 rupees apiece

** State-run aerospace manufacturer reports 11% rise in consolidated June-quarter revenue

** Nomura keeps "buy" rating, citing strong order book, defence indigenization, and R&D focus

** CLSA reiterates "outperform," highlighting gains due to $12 billion order execution under Prime Minister Narendra Modi's third term

** Sees large fighter aircraft order in 2025 and GE engine deal visibility as near-term catalysts

** CLSA says HIAE justifiably trades at a premium to global peers given Make-in-India pipeline and market access

** The average rating of 17 analysts tracking HIAE is "buy", the median price target is 5650 rupees, 28% above the last close, data compiled by LSEG shows

** HIAE shares are up 11.7% in 2025 so far, outperforming the 0.9% uptick in the Nifty PSE index .NIFTYPSE, exchange data shows

(Reporting by Bharath Rajeswaran in Bengaluru)

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Aug 12 (Reuters) - Hindustan Aeronautics Ltd HIAE.NS:

• HINDUSTAN AERONAUTICS Q1 CONSOL NET PROFIT 13.84 BILLION RUPEES

• HINDUSTAN AERONAUTICS Q1 CONSOL REVENUE FROM OPERATIONS 48.19 BILLION RUPEES

Source text: [ID:]

Further company coverage: HIAE.NS

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July 17 (Reuters) - Hindustan Aeronautics Ltd HIAE.NS:

• INDIA GOVERNMENT - HINDUSTAN AERONAUTICS GETS FIRST SET OF WING ASSEMBLIES FOR LIGHT COMBAT AIRCRAFT MK1A FROM L&T

Source text: [ID:]

Further company coverage: HIAE.NS

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Adds details on bid, share price, in paragraphs 4, 6, 8 and 13

By Nivedita Bhattacharjee

BENGALURU, June 20 (Reuters) - State-run Hindustan Aeronautics Ltd HIAE.NS has won a bid to commercially make India's small satellite launch rockets, in the government's biggest move yet to open its fast-growing space industry to private players.

Fighter jet maker HAL won with a bid of 5.11 billion rupees ($59 million), space regulator the Indian National Space Promotion and Authorisation Centre said on Friday.

Reuters reported in February that three consortiums - Alpha Design Technologies, a unit of Adani Defence Systems and Technologies, state-backed Bharat Dynamics BARA.NS and HAL - were the finalists to acquire India's Small Satellite Launch Vehicle (SSLV) technology.

"One of the big things we have been wanting to do is to make India the global hub for small satellite launches," Pawan Goenka, chairman of IN-SPACe told reporters.

Shares of HAL rose as much as 1.6% to hit a session high of 4,980 rupees after the announcement.

Handing SSLV's technology to HAL marks a significant shift for India's space industry, which has already granted satellite communication service licenses to global and domestic firms such as France's Eutelsat and Reliance Jio’s satellite venture.

The rocket is capable of carrying 500kg payloads to low-Earth orbit.

HAL will have the capability to build, own, and commercialize SSLV launches, Goenka added.

HAL intends to offer a "very competitive" price on launches both for India and international clients, said Barenya Senapati, Director (Finance) at Hindustan Aeronautics.

About 20 companies had initially expressed interest in bidding for the SSLV, under Prime Minister Narendra Modi's policy drive to open up India's space industry.

The global low-Earth orbit launch vehicle market was valued at $13.9 billion in 2023 and is estimated to grow to about $44 billion by 2032, according to Global Market Insights.

India, which accounts for only 2% of the global space economy, is eyeing a fivefold expansion to $44 billion by the end of the decade.

Hindustan Aeronautics and Larsen & Toubro LART.NS, an industrial conglomerate, have a government contract to manufacture and deliver larger rockets to Indian Space Research Organisation.

The first of those are due for launch between October and December, said Radhakrishnan Durairaj, chairman and managing director of New Space India Limited, the commercial arm of ISRO.

($1 = 86.5900 Indian rupees)

(Reporting by Nivedita Bhattacharjee; editing by Sudipto Ganguly, Alexandra Hudson)

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June 4 (Reuters) - Hindustan Aeronautics Ltd HIAE.NS:

• HINDUSTAN AERONAUTICS LTD - DENIES REPORTS OF STALLED NEGOTIATIONS WITH GENERAL ELECTRIC

• HAL: NEGOTIATIONS WITH GE ARE ON TRACK AND PROGRESSING WELL

• HAL: HAL IS NOT IN TALKS WITH ANY OTHER COMPANY REGARDING ENGINES FOR LCA MK2

Source text: ID:nBSEbhBch9

Further company coverage: HIAE.NS

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By Greg Torode and Jun Yuan Yong

HONG KONG, May 28 (Reuters) - Spending on weapons and research is spiking among some Asian countries as they respond to a darkening security outlook by broadening their outside industrial partnerships while trying to boost their own defence industries, a new study has found.

The annual Asia-Pacific Regional Security Assessment released on Wednesday by the London-based International Institute for Strategic Studies (IISS) said outside industrial help remains vital even as regional nations ultimately aim for self-reliance.

"Recent conflicts in Ukraine and the Middle East, coupled with worsening U.S.-China strategic competition and deterioration of the Asia-Pacific security landscape, may lead to a rising tide of defence-industrial partnerships," it read.

"Competitive security dynamics over simmering flashpoints ... feed into the need to develop military capabilities to address them."

Spending on defence procurement and research and development rose $2.7 billion between 2022 and 2024, it showed, to reach $10.5 billion among Southeast Asia's key nations of Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.

The spike comes even as the nations spent an average of 1.5% of GDP on defence in 2024, a figure that has kept relatively constant over the last decade.

The study, released ahead of this weekend's annual Shangri-La Dialogue defence meeting in Singapore, said Asia-Pacific nations still rely on imports for most key weapons and equipment.

Such items range from submarines and combat aircraft to drones, missiles and advanced electronics for surveillance and intelligence gathering.

The informal Singapore gathering of global defence and military officials is expected to be dominated by uncertainties stemming from the protracted Ukraine conflict, Trump administration security policies and regional tension over Taiwan and the disputed busy waterway of the South China Sea .

Saudi Arabia and the United Arab Emirates are increasingly active and making inroads, the study said, though European companies have a prominent and expanding regional presence, via technology transfer, joint ventures and licenced assembly deals.

The UAE now operates a diversified network of collaborators, such as China's NORINCO weapons giant and rival India's Hindustan Aeronautics.

Joint development operations are not always easy, the study said, offering lessons from India's two-decade collaboration with Russia to produce the BrahMos supersonic anti-ship missile.

While the feared weapon is fielded by India, exports have been hampered by lack of a clear strategy, with deliveries to its first third-party customer, the Philippines, starting only in 2024, the study added.

Closer Russia-China ties could further complicate the weapon's development, particularly if Moscow chooses to prioritise ties with Beijing to develop a hypersonic version of the missile.

(Reporting by Greg Torode in Hong Kong and Yong Jun Yuan in Singapore; Editing by Clarence Fernandez)

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** Motilal Oswal starts Hindustan Aeronautics HIAE.NS with "buy", PT of 5,100 rupees

** Warplane maker's stock rises ~2.3% to 4,122 rupees

** Brokerage expects HAL to benefit from strong pipeline of projects and overall revenue to record 29% CAGR over FY25-27, driven by a sharp scale up in manufacturing revenue

** Says co's projects, including Tejas Mk1, Tejas Mk1a and Su-30 upgrade, will fuel manufacturing revenue growth

** Stock rated "buy" on avg; median PT is 4,887 rupees, per data compiled by LSEG

** HIAE down 1.66% this year, as of last close

(Reporting by Shivani Tanna in Bengaluru)

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** India's Hindustan Aeronautics Ltd (HAL) HIAE.NS soars as much as 6.4% to three-month high of 4,444.95 rupees

** HAL to supply 156 light combat helicopters to Indian defence ministry in two contracts worth 627 bln rupees ($11.7 mln)

** Sees provisional FY25 revenue of 304 bln rupees vs 303.8 bln rupees in FY24; order book of 1.84 trln rupees at FY end from 94.1 bln rupees at start

** UBS raises PT to 5,440 rupees on improved visibility in orderbook execution

** Antique Stock Broking expects ramp in rev from FY26 on alleviating supply challenges

** Trading volume of ~3.5 mln shares is double the six-month daily avg

** HIAE up 6% YTD

($1 = 85.4700 Indian rupees)

(Reporting by Vivek Kumar M)

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Adds details, background throughout

By Shivam Patel

NEW DELHI, March 28 (Reuters) - India will buy 156 combat helicopters for its air force and army in a deal worth over $7.3 billion, the defence ministry said on Friday, marking one of the biggest purchases this financial year in the country's drive to modernise its military.

The dual-engine 'Prachand' helicopter manufactured by Indian warplane maker Hindustan Aeronautics Ltd HIAE.NS is powered by engines co-developed with France's Safran SAF.PA and can operate at an altitude of 5,000 metres and above.

India has been making efforts to boost its domestic defence production to achieve self-reliance and shield itself from disruptions in global supply chains after being the world's top arms importer for years, with Russia as its main supplier.

New Delhi's recent defence purchases are driven by its aim to modernise its armed forces by gradually weaning them off their Soviet-origin weapons and boost their capabilities in the face of arch-rival China's growing military strength.

India's defence ministry said it signed two contracts for 66 helicopters for its air force and 90 for its army, and that the supply is expected to begin after three years.

"This decision marks a major boost to India's combat capabilities and self-reliance in defence," Defence Minister Rajnath Singh wrote in a social media post. "Helicopter 'Prachand' is a powerful machine."

The Indian Air Force first began inducting the helicopter into its fleet in 2022. Indian defence officials have previously said that nations in Africa, South East Asia and Latin America have shown interest in buying it from India.

($1 = 85.4850 Indian rupees)

(Reporting by Shivam Patel in New Delhi; Editing by Aidan Lewis, William Maclean)

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