Hindustan Aeronautics Limited has informed the Exchange about Bagging/Receiving of orders/contracts
HAL · price
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Awaiting price reaction for this filing.
Hindustan Aeronautics Limited (HAL) has signed a contract with the Ministry of Defence valued at Rs 2,901 crore for supply of 6 Advanced Light Helicopter (ALH) MK III (Maritime Role) units along with operational role equipment, engineering support package, and performance-based logistics support for the Indian Coast Guard. The procurement falls under the Buy (Indian-IDDM) category, reinforcing the government's Aatmanirbhar Bharat push. The project will involve over 200 MSMEs as suppliers and is expected to generate around 65 lakh man-hours of employment. The helicopters will enhance ICG's maritime security capability for protecting offshore installations, fishermen, and the marine environment.
This is a meaningful order win for HAL, adding Rs 2,901 crore to its order book from a high-credit-quality domestic defence customer, which supports revenue visibility. The contract reinforces HAL's dominance in indigenous military helicopter manufacturing and is mildly positive for the stock.