Hindustan Aeronautics trades higher on bagging contract worth Rs 458.87 crore

Hindustan Aeronautics is currently trading at Rs. 3777.65, up by 18.70 points or 0.50% from its previous closing of Rs. 3758.95 on the BSE.

Hindustan Aeronautics e1642150646406
Hindustan Aeronautics

The scrip opened at Rs. 3789.00 and has touched a high and low of Rs. 3803.00 and Rs. 3746.15 respectively. So far 13399 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 3950.00 on 19-Jun-2023 and a 52 week low of Rs. 1718.00 on 15-Jul-2022.

Last one week high and low of the scrip stood at Rs. 3812.60 and Rs. 3690.00 respectively. The current market cap of the company is Rs. 126393.46 crore.

The promoters holding in the company stood at 71.65%, while Institutions and Non-Institutions held 23.00% and 5.34% respectively.

Hindustan Aeronautics (HAL) has signed a contract for supply of 2 Dornier-228 Aircraft to Indian Coast Guard (ICG) along with associated Engineering Support package at an overall cost of Rs 458.87 crore including taxes and duties.

The aircraft will be fitted with a number of advanced equipment viz., Glass Cockpit, Maritime Patrol Radar, Electro Optic Infra-Red device, Mission Management System etc. The addition will further bolster the aerial surveillance capability of maritime areas of responsibilities of the ICG.

Hindustan Aeronautics is Bengaluru based Defence Public Sector Undertakings (DPSU) Company engaged in the design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including, aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures.