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
Other Industrial Products
Ingersoll Rand aims to double India business in the next 5 years: Sunil Khanduja
In this interview, Sunil Khanduja, MD, Ingersoll Rand India, emphasises that the company is committed to India while supporting the country’s green and digital industrial transformation.
Read moreProcess Equipment
From oil & gas to hydrogen: The next big opportunity for Indian pipeline sector
India’s pipeline sector is on the brink of a historic transformation as it evolves from supporting oil and gas to becoming the backbone of the hydrogen economy, says Nikhil Mansukhani, MD, Man Ind..
Read moreElectrical & Electronics
Make in India in shifting world: Manufacturing for resilience, global leadership
India stands at a defining moment where disruption in global trade, technology, and supply chains offers both risks and opportunities for manufacturing-led growth. Rohit Chandra, Co-Founder & CEO, O..
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
