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As On 18-Jul-2019, 10:06 AM
SENSEX
39,151.46
-64.18 (-0.16%)
NIFTY
11,668.10
-19.40 (-0.17%)
    No Companies Visited
A A A

Hindustan Aeronautics Limited (HAL), a public sector enterprise, is 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. The Operations are organised into five complexes, namely the Bangalore Complex, MiG Complex, Helicopter Complex, Accessories Complex, and Design Complex, which together include 20 production divisions and 11 research and design centres (R&D Centres) located across India. The Company relies on indigenous research as well as enters into technology transfer and licence agreements to manufacture its products. In addition, the company has entered into 13 commercial joint ventures to grow its operations.

Hindustan Aeronautics Limited (HAL) was incorporated as a private limited company with the name 'Aeronautics India Limited' on August 16, 1963. Subsequently, Hindustan Aircraft Limited, a company incorporated on December 23, 1940 was merged with the Company, pursuant to the Aircraft Companies Amalgamation order dated September 28, 1964. The name of the Company was changed to 'Hindustan Aeronautics Limited' on December 5, 1964 with effect from October 1, 1964

In 1970, the company established the Helicopter factory at Bangalore. In 1983, the company established the Korwa Division for Advanced Avionics at Korwa, Uttar Pradesh.

The status of the Company was changed to public limited company by a special resolution of the members of the Company passed at the Extra Ordinary General Meeting held on July 10, 1995.

In 1998, the company established the Industrial and Marine Gas Turbine Division for aeroderivative gas turbines and industrial engines at Bangalore. In 2000, the company established the Airport Service Centre at Bangalore.

The company's Aircraft Upgrade R&D Centre ('AURDC') was conferred with the 'Raksha Mantri's Award for Excellence in Performance (Design Effort)' in relation to the MiG-27 aircraft for the year 2005-06.

In 2006, the company upgraded the Barrackpore Branch Factory to a Division.

The company was notified as a Navratna company by the Department of Public Enterprises, GoI through notification on June 27, 2007. The Navratna status provides the company with strategic and operational autonomy and enhanced powers to make prompt investment decisions, subject to an overall investment ceiling set by the GoI.

In 2008, the company created a separate Helicopter Complex. In 2015, the company carried out restructuring of all R&D Centres under Design Complex.

In 2016, the company upgraded the Korwa branch of Aerospace Systems and Equipment Research and Design Centre to an R&D Centre. On 29 December 2016, Naini Aerospace Limited was incorporated as a 100% subsidiary of Hindustan Aeronautics.

On 2 May 2017, the company's subsidiary Indo-Russian Helicopters Limited was incorporated.

The Government of India sold 3.41 crore shares of Hindustan Aeronautics via an initial public offer (IPO) during the period from 16 March 2018 to 20 March 2018. There was no fresh issue of shares from the company. The IPO was priced at Rs 1,215 per share. The stock was listed on the bourses on 28 March 2018. After the successful completion of the IPO, Government of India's stake in the company came down to 89.97%.

On 2 April 2018, Hindustan Aeronautics announced that it has achieved all time high turnover of Rs 18000 crore (provisional and unaudited) for the year ended 31 March 2018.

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Flash News 18-Jul-2019
  •  ( 10:09) Wipro Q1 consol. PAT down 3.86% at Rs 2,387.60 cr  
  •  ( 09:40) Negative market breadth  
  •  ( 09:26) Market trading lower  
  •  ( 08:43) DFM Foods Q1 net profit surges 52.3% to Rs 7.63 crore  
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18 July 2019 10:11
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