Latest news with #TejasLightCombatAircraft
Time of India
2 days ago
- Business
- Time of India
HAL announces Rs 15 final dividend for FY25. Check record date and other details
State-run aerospace and defence major Hindustan Aeronautics Ltd (HAL) has recommended a final dividend of Rs 15 per equity share for the financial year 2024-25. This represents 300% on the face value of Rs 5 per share, subject to shareholder approval at the upcoming Annual General Meeting (AGM). If approved at the AGM, the dividend will be paid to eligible shareholders within 30 days of approval. The company has also announced that the record date for determining eligibility for the final dividend is Thursday, August 21, 2025. This move comes on the back of another strong financial year for HAL, underlining its consistent performance and robust cash flows. The company has a track record of generous dividend payouts, supported by a healthy order book and rising demand for indigenous defence platforms. HAL is India's premier aerospace and defence company. It operates under the administrative control of the Ministry of Defence and plays a crucial role in the design, development, manufacture, repair, and overhaul of aircraft, helicopters, engines, and related systems. The company is a key supplier to the Indian Armed Forces and has been at the forefront of India's defence indigenisation efforts. Its flagship platforms include the Tejas Light Combat Aircraft (LCA), Dhruv Advanced Light Helicopter (ALH), Rudra, and Light Combat Helicopter (LCH), among others. HAL is also responsible for the production and servicing of legacy aircraft such as the Sukhoi Su-30MKI, Jaguar, and Mirage 2000. As of FY25, HAL boasts a robust order book exceeding Rs 1.2 lakh crore, which includes long-term projects such as the Tejas Mk-2, HTT-40 trainer aircraft, and advanced helicopters. The company is expanding its capabilities in UAVs, space systems, and engines, aligning with India's push for defence self-reliance under the Atmanirbhar Bharat initiative. HAL is among the top government-owned firms in terms of market capitalisation and dividend yield, making it a favourite among long-term investors and dividend-focused portfolios.
Economic Times
2 days ago
- Business
- Economic Times
HAL announces Rs 15 final dividend for FY25. Check record date and other details
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel State-run aerospace and defence major Hindustan Aeronautics Ltd (HAL) has recommended a final dividend of Rs 15 per equity share for the financial year 2024-25. This represents 300% on the face value of Rs 5 per share, subject to shareholder approval at the upcoming Annual General Meeting (AGM).If approved at the AGM, the dividend will be paid to eligible shareholders within 30 days of approval. The company has also announced that the record date for determining eligibility for the final dividend is Thursday, August 21, move comes on the back of another strong financial year for HAL, underlining its consistent performance and robust cash flows. The company has a track record of generous dividend payouts, supported by a healthy order book and rising demand for indigenous defence is India's premier aerospace and defence company. It operates under the administrative control of the Ministry of Defence and plays a crucial role in the design, development, manufacture, repair, and overhaul of aircraft, helicopters, engines, and related company is a key supplier to the Indian Armed Forces and has been at the forefront of India's defence indigenisation flagship platforms include the Tejas Light Combat Aircraft (LCA), Dhruv Advanced Light Helicopter (ALH), Rudra, and Light Combat Helicopter (LCH), among others. HAL is also responsible for the production and servicing of legacy aircraft such as the Sukhoi Su-30MKI, Jaguar, and Mirage of FY25, HAL boasts a robust order book exceeding Rs 1.2 lakh crore, which includes long-term projects such as the Tejas Mk-2, HTT-40 trainer aircraft, and advanced company is expanding its capabilities in UAVs, space systems, and engines, aligning with India's push for defence self-reliance under the Atmanirbhar Bharat is among the top government-owned firms in terms of market capitalisation and dividend yield, making it a favourite among long-term investors and dividend-focused portfolios.
News18
4 days ago
- Business
- News18
Stocks To Watch: Vedanta, Adani Ent, HAL, Hindalco, Tata Motors, IRCTC, And Others
Last Updated: Stocks to watch: Shares of firms like Vedanta, Adani Ent, HAL, Hindalco, Tata Motors, IRCTC, and others will be in focus on Wednesday's trade Stocks To Watch On June 25 Stocks to Watch on June 25, 2025: Tuesday proved to be an eventful session for market participants as benchmark indices witnessed sharp swings in both directions before closing with marginal gains. In today's trade, shares of Vodafone Idea, Vedanta, Hindalco Industries, Aurobindo Pharma, among others, will be in focus due to several news-driven developments. Vedanta, Adani Enterprises, Dalmia Bharat Cement According to a PTI report, Gautam Adani's group, Anil Agarwal's Vedanta, and Dalmia Bharat Cement have submitted resolution plans to acquire Jaiprakash Associates under the ongoing insolvency proceedings. Vodafone Idea Vodafone Idea clarified that it has not received any official communication from the government regarding reported relief measures for its adjusted gross revenue (AGR) dues, which amount to approximately Rs 84,000 crore. Hindustan Aeronautics (HAL) The company's chairman stated that the Indian Air Force is expected to receive at least six Tejas Light Combat Aircraft (LCA) by March 2026. Hindalco Industries Hindalco announced the acquisition of US-based AluChem Companies, Inc., taking full ownership through the purchase of a 100% equity stake for an enterprise value of $125 million. Union Bank of India In a rare development, the government has downgraded Pankaj Dwivedi, Executive Director (ED) of Union Bank of India, to the position of General Manager (GM). IRCTC Effective July 1, 2025, Indian Railways will implement a nationwide fare increase across all passenger categories—marking its first major hike in many years. Kaynes Technology The company has successfully completed its Qualified Institutional Placement (QIP), raising funds by issuing 28.73 lakh shares at Rs 5,569.50 each, which was 1% lower than the floor price. PTC Industries Subsidiary Aerolloy Technologies Ltd (ATL) has entered into a Memorandum of Understanding (MoU) with Safran Aircraft Engines, a leading global aerospace propulsion company. KFin Technologies The board has extended Vishwanathan Mavila Nair's tenure as Chairman for another year, effective October 1, 2025, to ensure consistent leadership. Aurobindo Pharma CuraTeQ Biologics, a subsidiary of Aurobindo Pharma, has received regulatory approval for its biosimilar Dyrupeg from the UK's Medicines and Healthcare Products Regulatory Agency (MHRA). Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
Mint
4 days ago
- Business
- Mint
Stocks to watch: Vedanta, Vodafone Idea, IRCTC, PTC Industries among shares in focus today amid Israel-Iran war
According to a PTI report, billionaire Gautam Adani's Group, mining tycoon Anil Agarwal's Vedanta, and Dalmia Bharat Cement have submitted their resolution plans to acquire Jaiprakash Associates under the ongoing insolvency proceedings. Vodafone Idea stated that it has not received any official communication from the government concerning the reported relief related to its adjusted gross revenue (AGR) dues amounting to approximately ₹ 84,000 crore. The company's chairman stated that the Indian Air Force is set to receive a minimum of six Tejas Light Combat Aircraft (LCA) by March 2026. Hindalco Industries has revealed its acquisition of US-based AluChem Companies, Inc., taking full ownership by purchasing a 100% equity stake for an enterprise value of $125 million. Jaguar Land Rover (JLR), the luxury vehicle arm of Tata Motors based in the UK, is facing a possible financial impact of £1.6 billion as a result of new tariffs proposed by the Trump administration in the US. In a rare development, the government has downgraded Union Bank of India Executive Director (ED) Pankaj Dwivedi to the position of General Manager (GM). Effective July 1, 2025, Indian Railways will implement a nationwide fare increase across all passenger categories—marking its first significant hike in many years. The company successfully completed its Qualified Institutional Placement (QIP), raising funds by issuing 28.73 lakh shares at a price of ₹ 5,569.50 each, which was 1% lower than the floor price. Aerolloy Technologies Ltd (ATL), a subsidiary of the company, has entered into a Memorandum of Understanding (MoU) with Safran Aircraft Engines, a renowned global leader in aerospace propulsion systems. The board has extended Vishwanathan Mavila Nair's tenure as Chairman for another year, effective from October 1, 2025, to maintain consistent leadership. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
5 days ago
- Business
- Business Standard
HAL to deliver six Tejas jets to IAF by March amid engine supply delays
The Indian Air Force will get at least half-a-dozen Tejas Light Combat Aircraft by March 2026, Hindustan Aeronautics Ltd CMD D K Sunil has said, weeks after the IAF chief flagged serious concerns over delays in the delivery of the jets. Sunil, chairperson and managing director of the aviation behemoth, attributed the delivery delays to US defence major GE Aerospace missing the deadline for supply of its engines to power the fighter jets. The slippage in the delivery schedule for the LCA Mk-1A variant of the jet had become a major issue with Chief of Air Staff Air Chief Marshal A P Singh raising the matter publicly. Sunil said the delay was caused only due to the US firm's inability to supply the F404 engines on time. In an exclusive interview with PTI Videos, the HAL chief said GE Aerospace is expected to supply 12 engines in the current fiscal. This will facilitate delivery of the jets to the IAF. "Every company goes through its fair share of criticisms. It does happen. Unfortunately, in the case of LCA Mark 1A, we have built the aircraft. As of today, we have six aircraft lined up," he said. "But the engine deliveries have not happened from GE Aerospace. They were to deliver the engines in 2023. Till date, we have got only one engine," he added. The delay from GE side was initially due to production timelines falling behind during the Covid pandemic, and the subsequent departure of many senior engineers from the company, causing cascading supply chain bottlenecks. According to Sunil, the technical issues with GE Aerospace have been sorted out and HAL is set to receive 12 jet engines by March 2026. "I can assure you that as of today, six aircraft are ready. There is no let up from our side. We are building those aircraft and getting them ready and we will be in a position to deliver (by this fiscal)," he said. HAL plans to produce 16 jets in the coming year provided there is steady flow of engine supplies by GE Aerospace. 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. Sunil said the Tejas Mk-1A is a world class aircraft comprising a high-quality radar, electronic warfare suites and an array of missiles. "It has got a full complement of avionics and weapons which make the aircraft a very potent platform. It will be very good for our Air Force," he said. Sunil said a number of countries have evinced interest in the Tejas jet and the HAL is holding talks with some of them. "We are talking to many countries on Tejas. I hope we will have a breakthrough soon," he said, declining to elaborate further. He also talked about HAL winning a mega contract to supply Prachand helicopters to the Indian military. In March, the defence ministry firmed up the procurement of 156 light combat helicopter Prachand from the HAL at a cost of Rs 62,700 crore to bolster the combat capability of the military. The HAL top executive said the delivery of Prachand will begin in 2028. Light Combat Helicopter (LCH) Prachand is India's first indigenously designed and developed combat helicopter having capability of operating at an altitude of over 4500 metres.
