HAL

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

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

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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

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March 3 (Reuters) - Hindustan Aeronautics Ltd HIAE.NS:

• MINISTRY OF DEFENCE SIGNS CONTRACT FOR 6 ALH MK III HELICOPTERS

• CONTRACT FOR ALH MK-III VALUED AT 29.01 BILLION RUPEES

Source text: ID:nBSE8gltqC

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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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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

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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) - 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

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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

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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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Updates

** Shares of Hindustan Aeronautics Ltd HIAE.NS closed 1% higher at 4,776 rupees

** Co signs 623.70 billion rupees ($7.03 billion) deal for Tejas Mk-1A fighter aircraft with Indian Air Force

** CLSA reiterates "outperform" on stock with TP of 5,436 rupees, an upside of 15.1% to Wednesday's close

** Says delivery of 2 aircraft crucial for $7.8 billion repeat order, which could add 35% to its $22 billion backlog; says deal pipeline remains healthy

** HIAE at "deserved premium" to global aerospace peers on Make-in-India pipeline, market access - CLSA

** CLSA says co reached important milestone with 1st flight of 13th Light Combat Aircraft this week vs 12 it aimed for in fiscal year

** HIAE up 14.5% YTD

(Reporting by Meenakshi Maidas and Urvi Dugar in Bengaluru)

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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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-- 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

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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

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Fixes source in para 3 to Indian National Space Promotion and Authorisation Centre and not ISRO

By Nivedita Bhattacharjee

BENGALURU, June 20 (Reuters) - Hindustan Aeronautics Ltd HIAE.NS has won the bid to privately make India's small satellite launch rockets, the country's space regulator said on Friday, the government's biggest step yet to open its fast-growing space industry to private players.

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.

Fighter jet maker HAL had applied independently, Indian National Space Promotion and Authorisation Centre (IN-SPACe) said in a statement on Friday.

HAL's wining bid was 5.11 billion rupees ($59 million), Pawan Goenka, the head of IN-SPACe told reporters, adding that the technology transfer phase will take two years.

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

The move to hand the 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 .

By winning the bid to make the rocket, capable of carrying 500kg payloads to low-Earth orbit, HAL will have the capability to independently build, own, and commercialize SSLV launches, Goenka added.

About 20 companies had initially expressed interest in bidding for the SSLV, the first privatisation of its kind 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.

($1 = 86.5900 Indian rupees)

(Reporting by Nivedita Bhattacharjee; editing by Sudipto Ganguly)

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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

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