Latest news with #AdvancedLightHelicopterDhruv
Mint
24-06-2025
- Business
- Mint
Stocks to buy: InCred bullish on HAL, BEL shares; sees up to 26% upside in these defence stocks
The recent escalation of geopolitical tensions in the Middle East amid the Israel-Iran war, and the India-Pakistan conflict last month has renewed investors' focus on defence stocks. India's defence sector growth over the past decade has been driven primarily by government budgets and policies that promote domestic production. The Ministry of Defence's budget has roughly doubled, from ₹ 2.7 lakh crore in 2015–16 to ₹ 6.8 lakh crore in 2025–26, the highest among all ministries, accounting for 13% of the central government's total expenditure. Defence exports rose by 13x since FY16, private sector exports rose by 67x and domestic procurement share surged to 75%, with large headroom for growth. Analysts believe that the geopolitical tensions with China and Pakistan are expected to increase government spending in the coming years. The government's 'Make in India' initiative and policies like the Defence Acquisition Procedure 2020 prioritize domestic procurement, with approximately 75% of the modernization budget allocated to local industries. According to InCred Equities, this focus has positioned defence PSUs as the backbone of India's defence manufacturing ecosystem, producing everything from aircraft and electronics to naval vessels and weaponry. Among the defence PSUs, Hindustan Aeronautics (HAL) and Bharat Electronics (BEL) stand out as the leading contributors, collectively accounting for ~50% of the total production by defence PSU companies, InCred Equities said. HAL, a Navratna company, contributes ~27% of the production, specializing in fighter aircraft, helicopters, and avionics, including the indigenous Light Combat Aircraft Tejas and Advanced Light Helicopter Dhruv. BEL, with a ~21% share, focuses on advanced electronics such as radars, communication systems, and electronic warfare equipment, serving both defence and non-defence sectors. InCred Equities has initiated coverage on HAL and BEL shares with a bullish outlook. Here are the defence stock picks by the brokerage firm: Hindustan Aeronautics' strong order book, coupled with ongoing indigenization and modernization initiatives, underpins a stable growth trajectory — EPS is forecast to rise by 16% YoY in FY26F and 18% YoY in FY27F, InCred Equities said. The brokerage firm initiates coverage on HAL shares with a, 'Add' rating and target price of ₹ 6,325, based on a 40× P/E on Mar FY27F estimates. HAL share price target implies an upside potential of up to 26% from Monday's closing price. Bharat Electricals' robust order book, coupled with expected orders' long-term visibility, provides strong revenue and growth confidence. The success of Operation Sindoor enhances its global standing and export potential. Aided by the government's push for indigenization, and a trusted partnership with the Ministry of Defence, BEL is well-positioned as a key beneficiary in the defence sector, InCred Equities said. It initiated coverage with an 'Add' rating. It has BEL share price target of ₹ 459, based on a 44×P/E applied to forecasted FY27F EPS of ₹ 10.4. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
NDTV
01-05-2025
- General
- NDTV
Army, Air Force Variants Of Dhruv Chopper Cleared For Operations
New Delhi: The government has cleared the resumption of operations of Army and Air Force versions of the Advanced Light Helicopter Dhruv, officials said on Thursday. The naval version of the chopper will remain grounded, officials said. The entire fleet of over 330 Dhruv helicopters operated by the Army, Navy, the Air Force and the Coast Guard was grounded in early January following a crash of one of the choppers. A Dhruv helicopter of the Coast Guard crashed at the Porbandar airport runway in Gujarat on January 5. Two pilots and an aircrew diver of the helicopter were killed in the incident. The indigenously designed and developed Advanced Light Helicopter (ALH-Dhruv) is a twin engine, multi-role, multi-mission new generation helicopter in the 5.5 ton weight class. More than 340 Dhruv helicopters have been produced by Hindustan Aeronautics Ltd so far.
Time of India
01-05-2025
- General
- Time of India
Army, Air Force versions of ALH Dhruv fleet cleared for operations
The government has cleared the resumption of operations of Army and Air Force versions of the Advanced Light Helicopter Dhruv , officials said on Thursday. The naval version of the chopper will remain grounded, they said. #Pahalgam Terrorist Attack Nuclear Power! How India and Pakistan's arsenals stack up Does America have a plan to capture Pakistan's nuclear weapons? Airspace blockade: India plots a flight path to skip Pakistan The entire fleet of over 330 Dhruv helicopters operated by the Army, Navy, the Air Force and the Coast Guard was grounded in early January following a crash of one of the choppers. A Dhruv helicopter of the Coast Guard crashed at the Porbandar airport runway in Gujarat on January 5. Two pilots and an aircrew diver of the helicopter were killed in the incident. Continue to video 5 5 Next Stay Playback speed 1x Normal Back 0.25x 0.5x 1x Normal 1.5x 2x 5 5 / Skip Ads by by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like They were so beautiful before; look at them now; number 10 will Surprise you Today's NYC Undo The indigenously designed and developed Advanced Light Helicopter (ALH-Dhruv) is a twin engine, multi-role, multi-mission new generation helicopter in the 5.5 ton weight class. More than 340 Dhruv helicopters have been produced by Hindustan Aeronautics Ltd so far.
Time of India
23-04-2025
- Politics
- Time of India
‘Accountability must be fixed': Owaisi slams Centre over Pahalgam terror attack, alleges intelligence failure
Owaisi slams Centre over Pahalgam terror attack, alleges intelligence failure NEW DELHI: All India Majlis-e-Ittehadul Muslimeen president Asaduddin Owaisi on Wednesday said the deadly terror attack in Jammu and Kashmir 's Pahalgam was a result of an " intelligence failure " and urged the Prime Minister Narendra Modi government to fix accountability. He also described the killing of innocent tourists as 'more painful and condemnable' than the Pulwama and Uri attacks. Speaking to reporters in Hyderabad, the AIMIM chief said, 'Terrorists have killed innocent people in an indiscriminate manner, asking about their religion before killing them in Pahalgam. This is a painful incident and a massacre. We strongly condemn this. We expect the government to take strict action.' — ANI (@ANI) by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo Owaisi said the Centre must assess whether its policy of deterrence against terrorism in Jammu and Kashmir is effective. 'This is an intelligence failure, too. The government has to analyse whether its deterrence policy is successful. Accountability must be fixed,' he said, addressing reporters. Owaisi also expressed concern over attempts to harm Kashmir's tourism industry through such acts of violence. He offered condolences to the families of those killed and prayed for the speedy recovery of the injured. The Hyderabad MP further said, 'The intention of the terrorists, who came from the neighbouring country, is to spread terror and kill innocents here in India.' Tuesday's attack at the Baisaran meadows in Pahalgam left at least 28 people dead, including two foreigners, one from Nepal and another from the UAE, and two locals, officials said. The terrorists allegedly separated the men after questioning their religion before opening fire. Union home minister Amit Shah met families of the victims on Wednesday and laid wreaths on the coffins at the Police Control Room in Srinagar. As per ANI, Shah said the perpetrators would face the "harshest consequences." Security forces have launched massive search operations in and around the area. The Indian Army, amid heightened tensions, has allowed limited operations of its Advanced Light Helicopter Dhruv fleet in affected zones. Following the killings, several political parties and organisations called for a Jammu bandh in protest, while the usually crowded tourist areas in the valley remained deserted.
