Hindustan Aeronautics Ltd. (HAL) saw a 6% jump in its stock price on April 1, following the announcement of two significant contracts worth Rs 62,700 crore from the Ministry of Defence.
The company received the contracts for the supply of 156 Light Combat Helicopters (LCH), named Prachand, along with training and associated equipment.
The first contract includes the supply of 66 LCHs to the Indian Air Force (IAF), while the second is for the delivery of 90 LCHs to the Indian Army.
Additionally, a contract was signed with Metrea Management for the wet leasing of a flight refuelling aircraft to provide air-to-air refuelling training for pilots of the Indian Air Force and Navy.
At 09:16 AM, Hindustan Aeronautics shares were quoted at Rs 4,433.05, up by Rs 257.05, or 6.16%, on the BSE. The company’s stock has now extended its gains for the fourth consecutive session.
The Defence Ministry's contracts have been seen as a major boost for HAL, with the light combat helicopters order providing a positive surprise to the market. This follows a period of strong performance, as HAL continues to be a key player in India's defence sector.
The stock has experienced significant volatility over the past year, touching a 52-week high of Rs 5,675.00 in July 2024 and a low of Rs 3,045.95 in March 2025.
Currently, it is trading 21.88% below its 52-week high and 45.54% above its 52-week low. HAL’s market capitalisation stands at Rs 296,471.30 crore, reflecting its strong position in the market.
These contracts not only strengthen HAL’s order book but are also expected to contribute significantly to the company’s earnings over the next few years.
