01 Aug, EOD - Indian

Nifty Pharma 22011.7 (-3.33)

Nifty Smallcap 100 17668.2 (-1.66)

Nifty 50 24565.35 (-0.82)

Nifty IT 34649.6 (-1.85)

Nifty Midcap 100 56637.15 (-1.33)

SENSEX 80599.91 (-0.72)

Nifty Next 50 66192.8 (-1.35)

Nifty Bank 55617.6 (-0.62)

01 Aug, EOD - Global

NIKKEI 225 40799.6 (-0.66)

HANG SENG 24507.81 (-1.07)

S&P 6253.36 (-1.68)


Hot Pursuit News

You are Here : Home > News > Hot Pursuit News >

(30 Aug 2024, 16:11)

HAL gains on inking pact with SAFHAL to develop next-gen helicopter engines

Hindustan Aeronautics (HAL) rose 1.68% to Rs 4,680.45 after the company announced that it has selected SAFHAL Helicopter Engines to develop and produce ‘Aravalli’ engines for helicopters.


In an exchange filing, the company said, “HAL and SAFHAL have signed an airframer contract, to commence joint design, development, manufacture, supply and support of a new generation high power engine named 'Aravalli' for the 13-ton medium lift class, Indian multi-role helicopter (IMRH) and the deck-based multi-role helicopter (DBMRH), being designed and developed by HAL.”

SAFHAL, a joint venture between Safran Helicopter Engines SAS and HAL, is dedicated to the design, development, production, sales and support of new generation helicopter engines in India.

Under this strategic contract, SAFHAL will work with its parent companies on cutting-edge engine technologies, ensuring superior performance, reliability, and operational efficiency. This collaboration involves state-of-the-art design, advanced manufacturing processes and rigorous testing protocols to meet the highest global standards, the company stated in the press release.

C B Ananthakrishnan, chairman and managing director (additional charge) at HAL, said, " The collaboration will not only ensure the operational capabilities of the IMRH and DBMRH platforms but also contribute to the broader goal of indigenous development of critical defence technologies."

Cedric GOUBET, CEO of Safran Helicopter Engines said, "With this project, we are enriching the collaboration with HAL as well as the strategic relationship between India and France. Our combined expertise and resources will ensure the success of the IMRH and DBMRH programs, while contributing to the growth of India's aerospace & defence sector. We look forward to designing, producing and supporting those new efficient helicopter engines.”

Hindustan Aeronautics (HAL) is an aerospace and defense company, owned by the government of India. The company develops, designs, manufactures, and supplies aircraft, helicopters, avionics, and communications equipment for military and civil markets.

The company’s consolidated net profit surged 76.5% to Rs 1,437.16 crore in Q1 FY25 as against Rs 814.24 crore posted in Q1 FY24. Revenue from operations was at Rs 4,347.50 crore in Q1 FY25, up 11.04% as against Rs 3,915.35 crore recorded in Q1 FY24.


More News
More Company News View Company Information

Capital Market Publishers India Pvt. Ltd

401, Swastik Chambers, Sion Trombay Road, Chembur, Mumbai - 400 071, India.

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

Copyright @ Capital Market Publishers India Pvt.Ltd

Designed, Developed and maintained by CMOTS Infotech (ISO 9001:2015 Certified)

Site best viewed in Internet Explorer Edge ,   Google Chrome 115.0.5790.111 + ,   Mozilla Firefox 115.0.3 + ,   Opera 30.0+, Safari 16.4.1 +