Hindustan Aeronautics announced that the Ministry of Defence has signed a contract for procurement of 12 Su-30MKI aircraft along with associated equipment at an approximate cost of Rs 13,500 crore. The aircraft would have an indigenous content of 62.6%, enhanced due to indiginisation of many components to be manufactured by Indian defence industry. These aircraft would be manufactured at Nasik division of HAL. The supply of these aircraft would enhance operational capability of Indian Air Force and strengthen defence preparedness of the country.Powered by Capital Market - Live News

The Defence Acquisition Council (DAC) on 03 December 2024, accorded Acceptance of Necessity (AoN) for 05 capital acquisition proposals amounting to over Rs. 21,772 crore. DAC granted Acceptance of Necessity (AoN) for the procurement of 31 New Water Jet Fast Attack Crafts (NWJFACs) for the Indian Navy. These are designed to perform the task of Low Intensity Maritime Operations, Surveillance, Patrol, and Search and Rescue (SAR) operations close to coast. In addition, these vessels will play an effective role in Anti-Piracy missions, especially in and around our Island territories. DAC also accorded AoN for procurement of 120 Fast Interceptor Craft (FIC-1). These vessels are capable to perform multiple roles, including escorting High Value Units such as Aircraft Carriers, Destroyers, and Frigates, Submarines for coastal defence. AoN for procurement of Electronic Warfare Suite (EWS) comprising External Airborne Self Protection Jammer pods, Next Generation Radar Warning Receiver and associated equipment for Su-30 MKI Aircraft was accorded by DAC. This system will enhance the operational capabilities of SU-30 MKI and protect it from enemy radars and related weapon system while carrying out a mission against enemy targets protected by Air Defence systems.DAC accorded AoN for procurement of 06 Advanced Light Helicopters (ALH) M (MR) for Indian Coast Guard to strengthen the Coastal Security and Surveillance in the coastal areas. It has also accorded approval for the overhaul of T-72 & T-90 tanks, BMP- and engines of Sukhoi fighter aircraft which will enhance the service life of these assets. Powered by Capital Market - Live News

Hindustan Aeronautics announced the cessation of the following management personnel due to superannuation with effect from 30 November 2024:Apurba Roy - Executive Director (AD, Korwa)V S Srinivas - Executive Director (FMD) U Ananthakrishna Acharya - General Manager (ARDC)Powered by Capital Market - Live News

Net profit of Hindustan Aeronautics rose 22.14% to Rs 1510.48 crore in the quarter ended September 2024 as against Rs 1236.70 crore during the previous quarter ended September 2023. Sales rose 6.04% to Rs 5976.29 crore in the quarter ended September 2024 as against Rs 5635.70 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales5976.295635.70 6 OPM %27.4427.11 - PBDT2194.382001.07 10 PBT2016.811651.42 22 NP1510.481236.70 22 Powered by Capital Market - Live News

Net profit of Hindustan Aeronautics rose 20.65% to Rs 1490.36 crore in the quarter ended September 2024 as against Rs 1235.30 crore during the previous quarter ended September 2023. Sales rose 6.05% to Rs 5976.55 crore in the quarter ended September 2024 as against Rs 5635.81 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales5976.555635.81 6 OPM %27.2827.13 - PBDT2174.121999.50 9 PBT1996.681650.05 21 NP1490.361235.30 21 Powered by Capital Market - Live News