Latest news with #HindustanAeronauticsLtd
Time of India
7 days ago
- Business
- Time of India
Nashik airport logs fourfold rise in air cargo movement in April-June
Nashik: The Nashik airport's air cargo operations recorded a fourfold rise in the April-June period of 2025-26 financial year as compared to the same period last fiscal. The facility handled 2,416 metric tonnes of cargo, including various commodities, through 145 flights to international destinations during the three months. Tired of too many ads? go ad free now During the same period last fiscal, the airport managed 556 metric tonnes of goods via 34 cargo flights, sources from Halcon said. Halcon, which oversees cargo operations at Nashik airport, is a joint venture between Hindustan Aeronautics Ltd (HAL) and Container Corporation of India (Concor). The airport's air cargo exports included agricultural products, poultry items and industrial goods, marking the highest quarterly export volume since air cargo operations began at the airport, Halcon officials said. "During the last fiscal, the airport handled 4,161 MT of goods through 250 cargo flights. We have set a target of handling around 400 cargo flights at the facility with 7,000 MT of various goods to various international destinations during the current financial year (2025-26). So far, we have met 35% of the target," a Halcon official said. Ashish Nahar, president, Nashik Industries & Manufacturers' Association (NIMA), which is an apex body of industries in Nashik, said it was a positive development for Nashik. "In fact, there is huge potential for the air cargo movement from Nashik airport. NIMA is also making efforts to boost exports from Nashik as much as possible," Nahar said. Transport of goods via passenger flights to Delhi, Bengaluru gets a boost Goods transport via passenger flights from Nashik airport has received a boost due to increased air connectivity. Currently, a private airline operates flights to six destinations — Delhi, Bengaluru, Hyderabad, Ahmedabad, Goa and Indore. Tired of too many ads? go ad free now Around 124 tonnes of various goods were transported to Delhi, Bengaluru, Hyderabad and Ahmedabad via passenger flights from Nashik airport during the first quarter (April-June) of the current financial year 2025-26. The goods included flowers, vegetables, automobile spare parts and couriers, sources with a private airline said. During the last financial year (2024-25), around 165 tonnes of various goods were sent via passenger flights to these destinations from the airport. The passenger flights also have the capacity to transport around three to six tonnes of various goods. The private airline is operating 232-seater Airbus A321 flights on Nashik-Delhi and Nashik-Bengaluru routes, while it is operating 180-seater Airbus A320 flights on the other four routes. Considering the rise in the transport of goods via passenger flights, the private airline has also set up its office at the Air Cargo complex of Halcon adjacent to Nashik airport for booking of goods.
Time of India
17-07-2025
- Business
- Time of India
HAL receives first set of wing assemblies for Tejas LCA from L&T
State-run aerospace major Hindustan Aeronautics Ltd (HAL) on Thursday received the first set of wing assemblies for its Tejas Light Combat Aircraft (Mk1A) programme. The wing assemblies have been produced by Larsen & Toubro. Explore courses from Top Institutes in Select a Course Category healthcare Data Science Data Science Artificial Intelligence Digital Marketing Others Operations Management MBA MCA Healthcare Design Thinking Degree Cybersecurity Project Management others Management Finance Leadership Product Management PGDM CXO Technology Data Analytics Public Policy Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details HAL Chairman and Managing Director D K Sunil described it as a "testament" to years of "dedicated hand-holding and a shared commitment to excellence" by the aerospace major and the L&T. "The HAL is working with suppliers, both large and SMEs, as an initiative towards achieving Aatmanirbharta in the aerospace and defence sector," he said. "The HAL has effectively built a parallel aircraft structural assembly line in the private sector which will help in capacity augmentation of the LCA Tejas programme," he said. Live Events The wing assemblies were handed over to HAL in Coimbatore. In February 2021, the defence ministry sealed a Rs 48,000 crore deal with HAL for the procurement of 83 Tejas Mk-1A jets for the IAF. The ministry is also in the process of procuring 97 more LCA Mk-1As at a cost around Rs 67,000 crore. The single-engine Mk-1A will be a replacement for the IAF's MiG-21 fighters. The IAF is looking at inducting the warplanes as the number of its fighter squadrons has gone down to 31 from officially sanctioned strength of 42. Tejas is a single-engine multi-role fighter aircraft capable of operating in high-threat air environments. It has been designed to undertake air defence, maritime reconnaissance and strike roles.
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Business Standard
07-07-2025
- Business
- Business Standard
Ready to ease entry barriers for pvt firms keen on Amca: Defence secy
The private industry has welcomed the Amca execution model, under which both private and public Indian defence firms have been given equal opportunity to compete for developing the fighter's prototype Listen to This Article The government is willing to extend targeted assistance to new entrants to create an enabling environment for a second combat aircraft manufacturer — possibly from the private sector — alongside state-run Hindustan Aeronautics Ltd (HAL), through the advanced medium combat aircraft (Amca) execution model, Defence Secretary Rajesh Kumar Singh told Business Standard. This was after a key meeting of the Aeronautical Development Agency (ADA), the Amca's design agency, in Bengaluru on Friday, which was attended by over two dozen interested companies. While stating that the government acknowledged HAL's inherent advantage in securing the prototype development tender for India's first fifth-generation
Business Upturn
07-07-2025
- Business
- Business Upturn
HAL, BEL, BDL shares in focus as Defence Ministry plans Rs 2 lakh crore contracts in FY26
By Aditya Bhagchandani Published on July 7, 2025, 11:19 IST Shares of Hindustan Aeronautics Ltd (HAL), Bharat Electronics Ltd (BEL) and Bharat Dynamics Ltd (BDL) were in focus today after the Ministry of Defence announced its intent to sign defence contracts worth Rs 2 lakh crore in the current financial year (FY26). The announcement is seen as a significant boost to Indian defence manufacturers. Defence Secretary Giridhar Aramane stated that the ministry plans to maintain the momentum of indigenisation with these contracts, ensuring the majority of orders benefit Indian defence players. This comes after a robust FY25 in which the ministry placed substantial orders with domestic companies. Earlier, in the Union Budget for FY26, the Ministry of Defence was allocated Rs 6.81 lakh crore — accounting for 13.45% of the total budget. Of this, Rs 3.11 lakh crore was earmarked for revenue expenditure, including salaries and maintenance. Defence pensions received Rs 1.61 lakh crore, while the Defence Research and Development Organisation (DRDO) saw its allocation rise 12.4% year-on-year to Rs 26,816 crore. The fresh plan for Rs 2 lakh crore in capital contracts reflects the government's commitment to enhancing domestic capabilities under the 'Atmanirbhar Bharat' initiative, which prioritises self-reliance in defence production. At 11:15 AM: Hindustan Aeronautics Ltd (HAL) traded at ₹5,009.50, up 0.33% Bharat Electronics Ltd (BEL) was down 2.18% at ₹418.25 Bharat Dynamics Ltd (BDL) was down 1.60% at ₹1,945.90 Investors are keenly watching for further details of the contracts, which could significantly benefit these key defence stocks in the coming quarters. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
New Indian Express
07-07-2025
- Politics
- New Indian Express
Contract workers in Bengaluru unite against labour codes, seek job security
BENGALURU: Over 300 non-permanent workers of institutions such as the National Institute of Mental Health and Neuro Sciences (NIMHANS), Hindustan Aeronautics Ltd (HAL) and Defence Research and Development Organisation (DRDO) gathered here on Sunday to condemn the 'exploitation of contract workers'. The event -- Convention against Labour Codes and Demand for the End of the Exploitative Contract Labour System -- was organised at Gandhi Bhavan by the Government and Public Sector Undertakings (PSU) Non-Permanent Workers Joint Forum. The convention demanded the abolition of the exploitative contract labour system and the repeal of the four new labour codes. Clifton D' Rozario, vice-president of the All India Central Council of Trade Unions (AICCTU), condemned the large-scale exploitation of contract workers in government entities and PSUs. 'Lakhs of workers performing core duties are wrongly labelled as contract workers. They face job insecurity, low wages and no social security. The new labour codes institutionalise this exploitation,' he said. D'Rozario also called for legislation to grant permanency to all contract workers, citing similar laws in Assam and Tamil Nadu. Chandrashekar, general secretary of the HAL Contract Workers' Association, highlighted wage stagnation. 'The last revision of the central minimum wages was in 2017. It's 2025 now, and costs have surged. This outdated wage structure amounts to forced labour.' The demands from the forum also include upholding the freedom of association and the right to protest and strike.
