Schedule a Call Back
HAL receives light combat helicopter order; boosting ‘Make in India’
Industry News- Jun 26,24
The revenue from operations increased 18.36% YoY to Rs 147.88 billion during the quarter.
Hindustan Aeronautics Limited (HAL) has been awarded a major contract to manufacture 156 Light Combat Helicopters (LCH) for the Indian Army and Air Force. This significant development strengthens India's 'Make in India' initiative, promoting self-sufficiency in defence manufacturing.
The news triggered a surge in HAL's stock price, jumping over 4% for two consecutive days. The project is estimated to be worth Rs 450-500 billion, showcasing a substantial investment in domestic defense production.
This move aligns with Defense Minister Rajnath Singh's vision of achieving self-reliance in the defense sector. HAL's performance also reflects this goal, with a consolidated revenue increase of 52% in Q4 FY24 compared to the previous year.
Overall, this development signifies a positive step towards India's ‘Make in India’ goals and strengthens its domestic defense manufacturing capabilities.
(Source: ZEE Business)
HAL
Hindustan Aeronautics Ltd
Ministry of Defence
light combat helicopters
LCH
Indian Air Force
defence manufacturing
Make in India
Related Stories
Aerospace Defence
Andhra Pradesh sees surge in aerospace & defence investment proposals
To support these developments, the Andhra government is finalising its Aerospace & Defence Policy 4.0 (2025–29), which includes tailor-made incentives and plans for four industrial clusters focusi..
Read moreAerospace Defence
Air Marshal Narmdeshwar Tiwari appointed Vice Chief of the Air Staff
He played a key role in operationalising the ‘Litening’ Laser Designation Pod during the 1999 Kargil operations and was deeply involved in the Light Combat Aircraft (LCA) flight testing and Fina..
Read moreAutomation & Robotics
India is among EPLAN’s fastest-growing markets: Haluk Menderes
In this interview with Rakesh Rao, Haluk Menderes, MD, EPLAN GmbH & Co KG, discusses the global engineering trends, how Indian companies can be ready for the next level of engineering automation, an..
Read moreRelated Products
Troop Comforts revolutionises military gear with indigenous innovations
Aerospace & Defence
Troop Comforts Ltd (TCL), a state-owned defence corporation, has recently received a request for proposal (RFP) from the Northern Command of the Indian Army for its indigenously developed military gea Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
