BDL gets orders worth Rs 1,347.71 cr from HAL
BDL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.6 pts less than Nifty Midcap 150 and 0.5 pts more than its Aerospace & Defense peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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BDL has received orders worth about Rs 1,347.71 crore from Hindustan Aeronautics Ltd (HAL). The order includes Helina Launchers and LRUs valued at Rs 1,109.37 crore and CMDS LRUs at Rs 238.34 crore. Delivery to be completed over 24 to 60 months. BDL is a Government of India defence PSU and HAL is a domestic defence entity, with no promoter group interest in HAL.
Boosts BDL order book and provides revenue visibility over the next 2-5 years. Positive for the stock.