Hindustan Aeronaut.
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By Abhirami G
August 21 (Reuters) - India's Paras Defence PRAF.NS expects export revenue to at least double this fiscal year as the Middle East conflict fuels demand for its defence engineering products, a top executive told Reuters.
Escalating geopolitical tensions are driving governments to boost defence budgets, creating a surge in orders for makers of military equipment and components.
Mumbai-based Paras Defence expects exports to rise to 1.2 billion to 1.3 billion rupees ($12.53 million-$13.58 million), from 500 million to 600 million rupees last year, Technical and R&D Director Amit Mahajan said.
Exports accounted for about 10% of the company's revenue in fiscal 2026.
Paras also expects revenue of 6 billion to 6.5 billion rupees in fiscal 2027, up from 4.77 billion rupees a year earlier as demand rises.
Orders from Israel and the United Arab Emirates have grown in the fiscal year so far, while demand from France and Germany has also increased as European countries accelerate military spending and diversify supply chains amid concerns about dependence on U.S. suppliers, Mahajan said.
The company declined to provide regional growth figures and said it was not targeting specific geographies.
Paras exports optical and electro-optics systems for defence and space, including infrared lenses, anti-drone equipment and border-surveillance systems.
Its primary customers include state-run and private Indian defence firms such as Hindustan Aeronautics HIAE.NS and the Defence Research and Development Organisation (DRDO).
India's defence exports grew 62% to $4.1 billion in fiscal 2026, with the bulk of exports comprising explosives.
Few domestic companies export optics and electro-optics equipment, with state-owned Bharat Electronics BAJE.NS being the only major rival to Paras, an industry analyst said.
Investor interest has grown in the sector this year. The Nifty India Defence index .NIFTYINDDEFENCE, which includes Paras, has gained 27%, against a 7% fall in the benchmark Nifty 50 .NSEI. The defence index is up nearly 21% since the Iran war began in late February.
($1 = 95.7425 Indian rupees)
(Reporting by Abhirami G in Bengaluru; Editing by Chandini Monnappa and Sonia Cheema)
By Abhirami G
August 21 (Reuters) - India's Paras Defence PRAF.NS expects export revenue to at least double this fiscal year as the Middle East conflict fuels demand for its defence engineering products, a top executive told Reuters.
Escalating geopolitical tensions are driving governments to boost defence budgets, creating a surge in orders for makers of military equipment and components.
Mumbai-based Paras Defence expects exports to rise to 1.2 billion to 1.3 billion rupees ($12.53 million-$13.58 million), from 500 million to 600 million rupees last year, Technical and R&D Director Amit Mahajan said.
Exports accounted for about 10% of the company's revenue in fiscal 2026.
Paras also expects revenue of 6 billion to 6.5 billion rupees in fiscal 2027, up from 4.77 billion rupees a year earlier as demand rises.
Orders from Israel and the United Arab Emirates have grown in the fiscal year so far, while demand from France and Germany has also increased as European countries accelerate military spending and diversify supply chains amid concerns about dependence on U.S. suppliers, Mahajan said.
The company declined to provide regional growth figures and said it was not targeting specific geographies.
Paras exports optical and electro-optics systems for defence and space, including infrared lenses, anti-drone equipment and border-surveillance systems.
Its primary customers include state-run and private Indian defence firms such as Hindustan Aeronautics HIAE.NS and the Defence Research and Development Organisation (DRDO).
India's defence exports grew 62% to $4.1 billion in fiscal 2026, with the bulk of exports comprising explosives.
Few domestic companies export optics and electro-optics equipment, with state-owned Bharat Electronics BAJE.NS being the only major rival to Paras, an industry analyst said.
Investor interest has grown in the sector this year. The Nifty India Defence index .NIFTYINDDEFENCE, which includes Paras, has gained 27%, against a 7% fall in the benchmark Nifty 50 .NSEI. The defence index is up nearly 21% since the Iran war began in late February.
($1 = 95.7425 Indian rupees)
(Reporting by Abhirami G in Bengaluru; Editing by Chandini Monnappa and Sonia Cheema)
Adds background in paragraphs 3-4 and 7, 9
Aug 14 (Reuters) - Reliance Industries RELI.NS said on Friday it planned to partner with Britain's Rolls-Royce RR.L to develop and manufacture an engine for India's fighter jet programme, as the country aims to build its most advanced stealth combat aircraft.
A prototype of the jet, known as the Advanced Medium Combat Aircraft, is expected to roll out in 2028 and play a key role in India's future air combat strategy.
Last year, India approved a framework to build its most advanced stealth fighter jet and invited interest from defence firms, weeks after a military conflict with nuclear-armed neighbour Pakistan.
In a move to reduce its dependence on imported defence equipment, the country also opened the door for domestic companies to participate in developing the twin-engine stealth fighter, approving the execution model for the Advanced Medium Combat Aircraft (AMCA) programme.
Under the proposed partnership announced on Friday, Reliance and Rolls-Royce will explore forming a dedicated aerospace gas turbine complex in India to jointly develop the engine.
"Our intent with Rolls-Royce is to combine their world-leading expertise in advanced propulsion with Reliance's technology, manufacturing, scale and execution capabilities to build an indigenous aero-engine ecosystem in India," Reliance Executive Director Anant Ambani said in a statement.
The announcement potentially positions the British aero-engine maker against France's Safran SAF.PA, which has separately proposed a joint venture with India's state-run GTRE to develop a higher-thrust engine for later versions of the AMCA fighter.
Hindustan Aeronautics HIAE.NS manufactures the 4.5-generation Tejas fighter jet, but has faced slow engine deliveries from General Electric GE.N due to supply chain issues faced by the U.S. firm.
Rolls-Royce, which has previously worked with India on military propulsion programmes, supplies engines for a range of defence and civil aerospace applications.
($1 = 95.4250 Indian rupees)
(Reporting by Abinaya V and Mridula Kumar in Bengaluru and Aftab Ahmed in New Delhi; Editing by Anil D'Silva and Vijay Kishore)
Adds background in paragraphs 3-4 and 7, 9
Aug 14 (Reuters) - Reliance Industries RELI.NS said on Friday it planned to partner with Britain's Rolls-Royce RR.L to develop and manufacture an engine for India's fighter jet programme, as the country aims to build its most advanced stealth combat aircraft.
A prototype of the jet, known as the Advanced Medium Combat Aircraft, is expected to roll out in 2028 and play a key role in India's future air combat strategy.
Last year, India approved a framework to build its most advanced stealth fighter jet and invited interest from defence firms, weeks after a military conflict with nuclear-armed neighbour Pakistan.
In a move to reduce its dependence on imported defence equipment, the country also opened the door for domestic companies to participate in developing the twin-engine stealth fighter, approving the execution model for the Advanced Medium Combat Aircraft (AMCA) programme.
Under the proposed partnership announced on Friday, Reliance and Rolls-Royce will explore forming a dedicated aerospace gas turbine complex in India to jointly develop the engine.
"Our intent with Rolls-Royce is to combine their world-leading expertise in advanced propulsion with Reliance's technology, manufacturing, scale and execution capabilities to build an indigenous aero-engine ecosystem in India," Reliance Executive Director Anant Ambani said in a statement.
The announcement potentially positions the British aero-engine maker against France's Safran SAF.PA, which has separately proposed a joint venture with India's state-run GTRE to develop a higher-thrust engine for later versions of the AMCA fighter.
Hindustan Aeronautics HIAE.NS manufactures the 4.5-generation Tejas fighter jet, but has faced slow engine deliveries from General Electric GE.N due to supply chain issues faced by the U.S. firm.
Rolls-Royce, which has previously worked with India on military propulsion programmes, supplies engines for a range of defence and civil aerospace applications.
($1 = 95.4250 Indian rupees)
(Reporting by Abinaya V and Mridula Kumar in Bengaluru and Aftab Ahmed in New Delhi; Editing by Anil D'Silva and Vijay Kishore)
Aug 11 (Reuters) - BEML Ltd BEML.NS:
BEML - SECURED SIGNIFICANT ORDER WORTH 1.84 BILLION RUPEES FROM HINDUSTAN AERONAUTICS
BEML - ORDER FOR SUPPLY OF LIGHT COMBAT HELICOPTER FUSELAGE AEROSTRUCTURES
Source text: ID:nnAZN4TDALL
Further company coverage: BEML.NS
(([email protected];;))
Aug 11 (Reuters) - BEML Ltd BEML.NS:
BEML - SECURED SIGNIFICANT ORDER WORTH 1.84 BILLION RUPEES FROM HINDUSTAN AERONAUTICS
BEML - ORDER FOR SUPPLY OF LIGHT COMBAT HELICOPTER FUSELAGE AEROSTRUCTURES
Source text: ID:nnAZN4TDALL
Further company coverage: BEML.NS
(([email protected];;))
July 24 (Reuters) - Hindustan Aeronautics Ltd HIAE.NS:
TAKYON NETWORKS - RECEIVES WORK ORDER WORTH 14.3 MILLION RUPEES FROM HINDUSTAN AERONAUTICS
Source text: ID:nBSE1dd2FB
Further company coverage: HIAE.NS
(([email protected];))
July 24 (Reuters) - Hindustan Aeronautics Ltd HIAE.NS:
TAKYON NETWORKS - RECEIVES WORK ORDER WORTH 14.3 MILLION RUPEES FROM HINDUSTAN AERONAUTICS
Source text: ID:nBSE1dd2FB
Further company coverage: HIAE.NS
(([email protected];))
July 2 (Reuters) - Indian space startup Skyroot Aerospace said on Thursday it was preparing for the launch of its Vikram-1 rocket, the first attempt by an Indian private company to place a satellite in orbit.
Founded by former Indian Space Research Organisation engineers, Skyroot is developing small rockets similar to those built by Rocket Lab RKLB.O and Firefly Aerospace FLY.O.
The Vikram-1, a seven-stories-tall, multi-stage launch vehicle, is designed to carry payloads of up to 350 kilograms into the low Earth orbit.
Skyroot, which became India's first space startup to reach a $1 billion valuation after raising $60 million from GIC and Sherpalo Ventures in May, has set a July 12 - August 4 launch window for the maiden flight from the country's main spaceport, the Satish Dhawan Space Centre.
The test flight, carrying a mix of domestic and international customers, aims primarily to collect in-flight performance data across propulsion, guidance and stage separation systems, the company said.
The launch comes as India opens its state-dominated space sector to private companies, seeking a bigger share of the global market for satellite launches and related services.
Industrial groups such as Larsen & Toubro LASRT.NS and Hindustan Aeronautics Limited are also moving into rocket manufacturing as the government pushes to build a $44 billion space economy by 2033.
(Reporting by Abhinav Parmar in Bengaluru; Editing by Nivedita Bhattacharjee)
(([email protected];))
July 2 (Reuters) - Indian space startup Skyroot Aerospace said on Thursday it was preparing for the launch of its Vikram-1 rocket, the first attempt by an Indian private company to place a satellite in orbit.
Founded by former Indian Space Research Organisation engineers, Skyroot is developing small rockets similar to those built by Rocket Lab RKLB.O and Firefly Aerospace FLY.O.
The Vikram-1, a seven-stories-tall, multi-stage launch vehicle, is designed to carry payloads of up to 350 kilograms into the low Earth orbit.
Skyroot, which became India's first space startup to reach a $1 billion valuation after raising $60 million from GIC and Sherpalo Ventures in May, has set a July 12 - August 4 launch window for the maiden flight from the country's main spaceport, the Satish Dhawan Space Centre.
The test flight, carrying a mix of domestic and international customers, aims primarily to collect in-flight performance data across propulsion, guidance and stage separation systems, the company said.
The launch comes as India opens its state-dominated space sector to private companies, seeking a bigger share of the global market for satellite launches and related services.
Industrial groups such as Larsen & Toubro LASRT.NS and Hindustan Aeronautics Limited are also moving into rocket manufacturing as the government pushes to build a $44 billion space economy by 2033.
(Reporting by Abhinav Parmar in Bengaluru; Editing by Nivedita Bhattacharjee)
(([email protected];))
June 29 (Reuters) - Hindustan Aeronautics Ltd HIAE.NS:
HAL - DECLARES DIVIDEND OF 10 RUPEES PER SHARE FOR FY 2025-26
Source text: ID:nBSE6lyrM9
Further company coverage: HIAE.NS
(([email protected];))
June 29 (Reuters) - Hindustan Aeronautics Ltd HIAE.NS:
HAL - DECLARES DIVIDEND OF 10 RUPEES PER SHARE FOR FY 2025-26
Source text: ID:nBSE6lyrM9
Further company coverage: HIAE.NS
(([email protected];))
May 14 (Reuters) - Hindustan Aeronautics Ltd HIAE.NS:
HINDUSTAN AERONAUTICS Q4 CONSOL NET PROFIT 41.96 BILLION RUPEES
HINDUSTAN AERONAUTICS Q4 CONSOL REVENUE FROM OPERATIONS 139.42 BILLION RUPEES
Source text: ID:nnAZN4SW7IA
Further company coverage: HIAE.NS
(([email protected];;))
May 14 (Reuters) - Hindustan Aeronautics Ltd HIAE.NS:
HINDUSTAN AERONAUTICS Q4 CONSOL NET PROFIT 41.96 BILLION RUPEES
HINDUSTAN AERONAUTICS Q4 CONSOL REVENUE FROM OPERATIONS 139.42 BILLION RUPEES
Source text: ID:nnAZN4SW7IA
Further company coverage: HIAE.NS
(([email protected];;))
May 1 (Reuters) - Hindustan Aeronautics Ltd HIAE.NS:
HAL - D K SUNIL HAS CEASED AS CHAIRMAN & MANAGING DIRECTOR
Source text: ID:nBSE2df35
Further company coverage: HIAE.NS
(([email protected];))
May 1 (Reuters) - Hindustan Aeronautics Ltd HIAE.NS:
HAL - D K SUNIL HAS CEASED AS CHAIRMAN & MANAGING DIRECTOR
Source text: ID:nBSE2df35
Further company coverage: HIAE.NS
(([email protected];))
** HAL HIAE.NS and GE Aerospace GE.N on track for a deal to co-produce F414 engine in India, according to media reports
** Shares of HIAE up 3.13% at 4,371 rupees on the day
** Initial deal plan covers 99 engines to meet baseline Tejas Mk2 requirements, with local production lines likely 2–3 years post contract signing
** Brokerage Citi sees deal boosting visibility for Tejas Mk2 orders and de-risking engine supply chain
** Citi flags Tejas Mk1A delivery updates, margins and order inflows as key near-term triggers, sees scope for re-rating as deliveries pick up
** HIAE rated "buy" on avg by 21 analysts; median PT 5,212 rupees, according to LSEG-compiled data
** YTD stock down 3.41%
(Reporting by Devika Nair in Bengaluru)
(([email protected];))
** HAL HIAE.NS and GE Aerospace GE.N on track for a deal to co-produce F414 engine in India, according to media reports
** Shares of HIAE up 3.13% at 4,371 rupees on the day
** Initial deal plan covers 99 engines to meet baseline Tejas Mk2 requirements, with local production lines likely 2–3 years post contract signing
** Brokerage Citi sees deal boosting visibility for Tejas Mk2 orders and de-risking engine supply chain
** Citi flags Tejas Mk1A delivery updates, margins and order inflows as key near-term triggers, sees scope for re-rating as deliveries pick up
** HIAE rated "buy" on avg by 21 analysts; median PT 5,212 rupees, according to LSEG-compiled data
** YTD stock down 3.41%
(Reporting by Devika Nair in Bengaluru)
(([email protected];))
** Brokerage Antique sees 2027 as an inflection point for HAL HIAE.NS as deliveries of Tejas MK-1A jets to start from first half of 2027, with GE's GE.N engine deliveries ramping up
** HAL ordered 99 engines from GE in 2021; As per brokerage, five have been supplied, sixth expected in April
** Antique expects supply issues to ease out in second half of 2026 and sees sharp improvement in Tejas MK-1A delivery in 2027
** HAL's stock down 0.6% at 3,727.70 rupees on the day
** Brokerage retains "buy" rating with PT 5,427 rupees
** Of 21 analysts tracking stock, 17 rate buy or higher, while four rate hold or lower, according to LSEG-compiled data
** HIAE trades at a forward 12-month price-to-earnings ration of 26.20, compared with the industry median of 32.45 - LSEG
** HAL's stock down 14% YTD, while Indian defence stocks .NIFTYINDDEFENCE down 0.3%; benchmark Nifty 50 index .NSEI down 12.4%
(Reporting by Pranav Kashyap in Bengaluru)
(([email protected]; +919886482111;))
** Brokerage Antique sees 2027 as an inflection point for HAL HIAE.NS as deliveries of Tejas MK-1A jets to start from first half of 2027, with GE's GE.N engine deliveries ramping up
** HAL ordered 99 engines from GE in 2021; As per brokerage, five have been supplied, sixth expected in April
** Antique expects supply issues to ease out in second half of 2026 and sees sharp improvement in Tejas MK-1A delivery in 2027
** HAL's stock down 0.6% at 3,727.70 rupees on the day
** Brokerage retains "buy" rating with PT 5,427 rupees
** Of 21 analysts tracking stock, 17 rate buy or higher, while four rate hold or lower, according to LSEG-compiled data
** HIAE trades at a forward 12-month price-to-earnings ration of 26.20, compared with the industry median of 32.45 - LSEG
** HAL's stock down 14% YTD, while Indian defence stocks .NIFTYINDDEFENCE down 0.3%; benchmark Nifty 50 index .NSEI down 12.4%
(Reporting by Pranav Kashyap in Bengaluru)
(([email protected]; +919886482111;))
** Shares of India's Astra Microwave Products ASTM.NS rise 3.08% to 925 rupees
** Company says joint venture company Astra Rafael Comsys Private Limited wins an order from Hindustan Aeronautics Ltd HIAE.NS worth 2.51 billion rupees ($26.93 million)
** Order is for supply of software defined radio for HAL, Bengaluru
** Trading vols at 427,059 shares vs 30-day-avg of 415,496 shares
** Stock rated "buy" on average by six analysts, median PT at 1,230.50 rupees, according to data compiled by LSEG
** YTD, stock down 8.6%
($1 = 93.1980 Indian rupees)
(Reporting by Surbhi Misra in Bengaluru)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
** Shares of India's Astra Microwave Products ASTM.NS rise 3.08% to 925 rupees
** Company says joint venture company Astra Rafael Comsys Private Limited wins an order from Hindustan Aeronautics Ltd HIAE.NS worth 2.51 billion rupees ($26.93 million)
** Order is for supply of software defined radio for HAL, Bengaluru
** Trading vols at 427,059 shares vs 30-day-avg of 415,496 shares
** Stock rated "buy" on average by six analysts, median PT at 1,230.50 rupees, according to data compiled by LSEG
** YTD, stock down 8.6%
($1 = 93.1980 Indian rupees)
(Reporting by Surbhi Misra in Bengaluru)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
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
(([email protected];))
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
(([email protected];))
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
(([email protected];))
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
(([email protected];))
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
(([email protected];;))
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
(([email protected];;))
March 3 (Reuters) -
INDIA GOVERNMENT: DEFENCE MINISTRY INKS 50.83 BILLION RUPEES HELICOPTER AND MISSILE CONTRACTS
Further company coverage: HIAE.NS
(([email protected];))
March 3 (Reuters) -
INDIA GOVERNMENT: DEFENCE MINISTRY INKS 50.83 BILLION RUPEES HELICOPTER AND MISSILE CONTRACTS
Further company coverage: HIAE.NS
(([email protected];))
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
(([email protected];;))
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
(([email protected];;))
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
(([email protected];))
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
(([email protected];))
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
(([email protected];))
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
(([email protected];))
Recasts throughout to add details from government statement
NEW DELHI, Feb 12 (Reuters) - India on Thursday gave initial clearance for a 3.6-trillion-rupee ($40 billion) boost to the country's armed forces, including procurement of more Rafale fighter jets for the air force and Boeing P-8I reconnaissance aircraft for the navy.
Heightened tensions with its neighbours, including Pakistan, have pushed India's military to modernise.
The air force's fighter squadron strength has shrunk to 29 in recent months, well below the 42 it had earlier. Its workhorse MiG-21 was retired in September and other early variants of the MiG-29, the Anglo-French Jaguar and the French Mirage 2000, are also set to end service in the coming years.
New Delhi has long relied on importing machinery and weapons for its armed forces, but a recent push by Prime Minister Narendra Modi has helped boost domestic manufacturing.
For the Indian Air Force, this era began in the 1980s but was fruitful only in the last decade when the locally produced Tejas fighter jet was introduced to replace Soviet-era MiG-21s.
Hindustan Aeronautics HIAE.NS (HAL) has nearly 180 of the advanced Mk-1A variants of the Tejas on order domestically, but has yet to begin deliveries due to engine supply chain issues at GE Aerospace GE.N.
The defence ministry said the Defence Acquisition Council had given the initial nod for more Rafale fighter jets and missiles for the air force, anti-tank missiles for the army and P-8I reconnaissance aircraft for its navy.
The total value of all these proposals stands at 3.6 trillion rupees, the statement said. It did not elaborate further.
The approvals come ahead of a visit by French President Emmanuel Macron to India next week. The Indian Air Force's fleet currently includes Rafale fighters from Dassault Aviation AM.PA.
In April, India signed a deal for 26 Rafale-Marine twin- and single-seat jets to be deployed on its two carriers: INS Vikrant and INS Vikramaditya.
Separately, the defence ministry on Thursday also signed a deal with HAL to buy eight Dornier 228 aircraft for the coastguard.
The proposals pave the way for commercial and technical details to be finalized soon.
Earlier in the day, local media reported that the DAC had given its approval to buy 114 Rafale fighter jets from Dassault for 3.25 trillion rupees.
($1 = 90.5780 Indian rupees)
(Reporting by Delhi Newsroom; Editing by Thomas Derpinghaus and Toby Chopra)
Recasts throughout to add details from government statement
NEW DELHI, Feb 12 (Reuters) - India on Thursday gave initial clearance for a 3.6-trillion-rupee ($40 billion) boost to the country's armed forces, including procurement of more Rafale fighter jets for the air force and Boeing P-8I reconnaissance aircraft for the navy.
Heightened tensions with its neighbours, including Pakistan, have pushed India's military to modernise.
The air force's fighter squadron strength has shrunk to 29 in recent months, well below the 42 it had earlier. Its workhorse MiG-21 was retired in September and other early variants of the MiG-29, the Anglo-French Jaguar and the French Mirage 2000, are also set to end service in the coming years.
New Delhi has long relied on importing machinery and weapons for its armed forces, but a recent push by Prime Minister Narendra Modi has helped boost domestic manufacturing.
For the Indian Air Force, this era began in the 1980s but was fruitful only in the last decade when the locally produced Tejas fighter jet was introduced to replace Soviet-era MiG-21s.
Hindustan Aeronautics HIAE.NS (HAL) has nearly 180 of the advanced Mk-1A variants of the Tejas on order domestically, but has yet to begin deliveries due to engine supply chain issues at GE Aerospace GE.N.
The defence ministry said the Defence Acquisition Council had given the initial nod for more Rafale fighter jets and missiles for the air force, anti-tank missiles for the army and P-8I reconnaissance aircraft for its navy.
The total value of all these proposals stands at 3.6 trillion rupees, the statement said. It did not elaborate further.
The approvals come ahead of a visit by French President Emmanuel Macron to India next week. The Indian Air Force's fleet currently includes Rafale fighters from Dassault Aviation AM.PA.
In April, India signed a deal for 26 Rafale-Marine twin- and single-seat jets to be deployed on its two carriers: INS Vikrant and INS Vikramaditya.
Separately, the defence ministry on Thursday also signed a deal with HAL to buy eight Dornier 228 aircraft for the coastguard.
The proposals pave the way for commercial and technical details to be finalized soon.
Earlier in the day, local media reported that the DAC had given its approval to buy 114 Rafale fighter jets from Dassault for 3.25 trillion rupees.
($1 = 90.5780 Indian rupees)
(Reporting by Delhi Newsroom; Editing by Thomas Derpinghaus and Toby Chopra)
** 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)
(([email protected]; Mobile: +91 9591011727;))
** 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)
(([email protected]; Mobile: +91 9591011727;))
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
(([email protected];;))
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
(([email protected];;))
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
(([email protected];))
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
(([email protected];))
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)
(([email protected]; X: @MukherjeeHritam;))
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)
(([email protected]; X: @MukherjeeHritam;))
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
(([email protected];))
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
(([email protected];))
Deal part of efforts to modernise India's military
Tejas fighters critical to shore up air force squadrons
India plans follow-on order with GE for engines
Adds details; paragraphs 1-10
By Shivam Patel and Hritam Mukherjee
NEW DELHI, Sept 25 (Reuters) - India signed a deal worth 623.70 billion rupees ($7.03 billion) on Thursday to buy indigenous fighter aircraft from state warplane maker Hindustan Aeronautics Ltd (HAL) HIAE.NS in the effort to modernise its armed forces.
The acquisition comes in the face of the growing military strength and influence in South Asia of neighbour China, including defence ties with India's arch-rival Pakistan.
The order for 97 home-grown fighters of the Tejas Mk-1A variety, envisages completion of deliveries over a span of six years from financial year 2027-28, the defence ministry said in a statement.
"The supply of these aircraft by HAL would enhance operational capability of the Indian Air Force to continue their unhindered operations and strengthen defence preparedness," Defence Minister Rajnath Singh said in a post on X.
The news came a day ahead of the last flight of the Indian Air Force's Russian-origin MiG-21 fighters.
After that India's fleet of mainly ex-Soviet fighter aircraft will shrink to 29 from an approved strength of 42, a matter of frustration for officials after a bitter military conflict with Pakistan in May.
Thursday's deal is a follow-on order for the advanced Mk-1A version of the Tejas group of fighters, powered by General Electric GE.N engines.
The government signed a deal with HAL in 2021 for 83 such aircraft but delivery of that order has yet to begin, as the warplane maker blamed GE for being slow in providing the engines.
GE has said the delay followed challenges in restarting the production line and re-engaging global supply chains for the engine after the COVID-19 pandemic.
It delivered the first engine for the Mk-1A fighter in March this year and Indian officials have said they expect production and deliveries to stabilise in the current fiscal year.
Thursday's order would take India's total Tejas fleet to 220, and officials expect to sign a follow-on deal with GE for additional engines.
($1=88.6880 Indian rupees)
(Reporting by Shivam Patel and Hritam Mukherjee; Editing by YP Rajesh and Clarence Fernandez)
(([email protected]; X: @MukherjeeHritam;))
Deal part of efforts to modernise India's military
Tejas fighters critical to shore up air force squadrons
India plans follow-on order with GE for engines
Adds details; paragraphs 1-10
By Shivam Patel and Hritam Mukherjee
NEW DELHI, Sept 25 (Reuters) - India signed a deal worth 623.70 billion rupees ($7.03 billion) on Thursday to buy indigenous fighter aircraft from state warplane maker Hindustan Aeronautics Ltd (HAL) HIAE.NS in the effort to modernise its armed forces.
The acquisition comes in the face of the growing military strength and influence in South Asia of neighbour China, including defence ties with India's arch-rival Pakistan.
The order for 97 home-grown fighters of the Tejas Mk-1A variety, envisages completion of deliveries over a span of six years from financial year 2027-28, the defence ministry said in a statement.
"The supply of these aircraft by HAL would enhance operational capability of the Indian Air Force to continue their unhindered operations and strengthen defence preparedness," Defence Minister Rajnath Singh said in a post on X.
The news came a day ahead of the last flight of the Indian Air Force's Russian-origin MiG-21 fighters.
After that India's fleet of mainly ex-Soviet fighter aircraft will shrink to 29 from an approved strength of 42, a matter of frustration for officials after a bitter military conflict with Pakistan in May.
Thursday's deal is a follow-on order for the advanced Mk-1A version of the Tejas group of fighters, powered by General Electric GE.N engines.
The government signed a deal with HAL in 2021 for 83 such aircraft but delivery of that order has yet to begin, as the warplane maker blamed GE for being slow in providing the engines.
GE has said the delay followed challenges in restarting the production line and re-engaging global supply chains for the engine after the COVID-19 pandemic.
It delivered the first engine for the Mk-1A fighter in March this year and Indian officials have said they expect production and deliveries to stabilise in the current fiscal year.
Thursday's order would take India's total Tejas fleet to 220, and officials expect to sign a follow-on deal with GE for additional engines.
($1=88.6880 Indian rupees)
(Reporting by Shivam Patel and Hritam Mukherjee; Editing by YP Rajesh and Clarence Fernandez)
(([email protected]; X: @MukherjeeHritam;))
** 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)
(([email protected];))
** 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)
(([email protected];))
India may build a third, nuclear-powered aircraft carrier
Roadmap includes first use of domestic fighter jets on carriers
Emphasis on drones, widely used in recent conflict with Pakistan
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)
India may build a third, nuclear-powered aircraft carrier
Roadmap includes first use of domestic fighter jets on carriers
Emphasis on drones, widely used in recent conflict with Pakistan
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)
-- Source link: https://tinyurl.com/5942e8z3
-- Note: Reuters has not verified this story and does not vouch for its accuracy
((Bengaluru newsroom, [email protected]))
-- Source link: https://tinyurl.com/5942e8z3
-- Note: Reuters has not verified this story and does not vouch for its accuracy
((Bengaluru newsroom, [email protected]))
** 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)
(([email protected];))
** 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)
(([email protected];))
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
(([email protected];;))
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
(([email protected];;))
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Popular questions
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What does Hindustan Aeronaut. do?
Hindustan Aeronautics (HAL) is 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. The company has been set up to meet the requirement of Indian Defense Forces (namely Indian Airforce, Indian Navy, Indian Army and Coast Guard) in the area of Aerospace.
Who are the competitors of Hindustan Aeronaut.?
Hindustan Aeronaut. major competitors are Bharat Electronics, Bharat Dynamics, Data Patterns (I), Astra Microwave Prod, Paras Defence &Space, Bharat Heavy Elect., Suzlon Energy. Market Cap of Hindustan Aeronaut. is ₹3,33,585 Crs. While the median market cap of its peers are ₹49,889 Crs.
Is Hindustan Aeronaut. financially stable compared to its competitors?
Hindustan Aeronaut. seems to be less financially stable compared to its competitors. Altman Z score of Hindustan Aeronaut. is 3.68 and is ranked 7 out of its 8 competitors.
Does Hindustan Aeronaut. pay decent dividends?
The company seems to pay a good stable dividend. Hindustan Aeronaut. latest dividend payout ratio is 33.01% and 3yr average dividend payout ratio is 31.9%
How has Hindustan Aeronaut. allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Inventory, Short Term Loans & Advances
How strong is Hindustan Aeronaut. balance sheet?
Balance sheet of Hindustan Aeronaut. is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Hindustan Aeronaut. improving?
Yes, profit is increasing. The profit of Hindustan Aeronaut. is ₹9,276 Crs for TTM, ₹9,116 Crs for Mar 2026 and ₹8,364 Crs for Mar 2025.
Is the debt of Hindustan Aeronaut. increasing or decreasing?
The net debt of Hindustan Aeronaut. is decreasing. Latest net debt of Hindustan Aeronaut. is -₹92,338.73 Crs as of Mar-26. This is less than Mar-25 when it was -₹76,314.22 Crs.
Is Hindustan Aeronaut. stock expensive?
Yes, Hindustan Aeronaut. is expensive. Latest PE of Hindustan Aeronaut. is 35.79, while 3 year average PE is 27.69. Also latest EV/EBITDA of Hindustan Aeronaut. is 28.7 while 3yr average is 21.11.
Has the share price of Hindustan Aeronaut. grown faster than its competition?
Hindustan Aeronaut. has given lower returns compared to its competitors. Hindustan Aeronaut. has grown at ~45.51% over the last 4yrs while peers have grown at a median rate of 54.4%
Is the promoter bullish about Hindustan Aeronaut.?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Hindustan Aeronaut. is 71.64% and last quarter promoter holding is 71.64%.
Are mutual funds buying/selling Hindustan Aeronaut.?
The mutual fund holding of Hindustan Aeronaut. is increasing. The current mutual fund holding in Hindustan Aeronaut. is 6.79% while previous quarter holding is 5.81%.