Hindustan Aeronaut.

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)

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

• HAL - DECLARES DIVIDEND OF 10 RUPEES PER SHARE FOR FY 2025-26

Source text: ID:nBSE6lyrM9

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May 14 (Reuters) - India's Hindustan Aeronautics HIAE.NS, a state-run aerospace and defence firm, reported a 5.5% year-on-year rise in fourth-quarter profit on Thursday, helped by a surge in its "other income" segment.

• The company's net profit rose to 41.96 billion rupees ($438.32 million) for the quarter ended March 31, from 39.77 billion rupees a year earlier.

• Other income rose sharply by 76.6% to about 11.51 billion rupees, boosting overall profitability. The company did not specify what accounted for the jump in this category.

• Revenue from operations rose 1.7% to 139.42 billion rupees.

• Analysts at Antique Stock Broking said fiscal 2027 could be an inflection point for HAL, driven by a pick-up in Tejas Mk1A deliveries as engine supply issues ease.

• However, total gross expenses increased about 5.4% year-on-year, driven by higher material costs.

• Shares of HAL jumped as much as 4.1% after the results and were trading 1.9% higher in the afternoon. The stock has risen about 6% so far this year.

($1 = 95.7288 Indian rupees)

(Reporting by Bipasha Dey in Bengaluru; Editing by Janane Venkatraman)

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May 1 (Reuters) - Hindustan Aeronautics Ltd HIAE.NS:

• HAL - D K SUNIL HAS CEASED AS CHAIRMAN & MANAGING DIRECTOR

Source text: ID:nBSE2df35

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** 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)

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** 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)

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** 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)

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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

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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

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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

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March 3 (Reuters) -

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

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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

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** Hindustan Aeronautics HIAE.NS falls 3.6% to 4,025 rupees

** Indian Air Force grounds fleet of ~30 Tejas fighter jets for technical checks after recent crash, broadcaster India Today reports

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

** About 1.73 mln shares traded, in line with 30-day avg

** Stock rated "buy" on avg; median PT is 5,387 rupees, per data compiled by LSEG

** HIAE down 5% YTD

(Reporting by Surbhi Misra in Bengaluru)

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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

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Feb 12 (Reuters) -

• INDIA GOVERNMENT: INKS RS 23.12 BILLION RUPEE CONTRACT WITH HINDUSTAN AERONAUTICS FOR EIGHT DORNIER 228 AIRCRAFT

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Feb 5 (Reuters) - Hindustan Aeronautics Ltd HIAE.NS:

• CLARIFICATION REGARDING LCA MK1A DELIVERIES

• CONFIRMS FIVE AIRCRAFT READY FOR DELIVERY

• NINE ADDITIONAL AIRCRAFT AWAITING GE ENGINES FOR DELIVERY

• RECEIVED FIVE ENGINES FROM GE; SUPPLY POSITION POSITIVE

• ASSURES MEETING GUIDANCE FOR CURRENT FINANCIAL YEAR

• ALL DESIGN AND DEVELOPMENT ISSUES IDENTIFIED ARE BEING ADDRESSED IN AN EXPEDITED MANNER

• IS IN ACTIVE DISCUSSIONS WITH INDIAN AIR FORCE TO DELIVER AIRCRAFT AT EARLIEST

Source text: ID:nBSE6N4XJB

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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

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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

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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

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Sept 25 (Reuters) -

• INDIA DEFENCE MINISTRY: SIGNED DEAL WORTH 623.70 BILLION RUPEES WITH HINDUSTAN AERONAUTICS FOR TEJAS MK-1A FIGHTER AIRCRAFT -X

Source text: [ID:]

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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

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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:]

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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:]

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