Mumbai, September 26 (Udaipur Kiran News). Shares of Hindustan Aeronautics Ltd (HAL) rose over 0.7% on Thursday after the company announced signing a major contract with the Ministry of Defence (MoD) for the supply of 97 Light Combat Aircraft (LCA) Mk1A to the Indian Air Force (IAF).
The stock was trading at ₹4,810.90, up ₹34.90 (0.73%) from its previous close of ₹4,776. It opened at ₹4,839.95 and hit an intraday high of the same level. The company’s market capitalisation currently stands at ₹3,20,677.61 crore.
Over the past 52 weeks, HAL shares have touched a high of ₹5,166.00 (16-May-2025) and a low of ₹3,045.95 (03-Mar-2025).
Promoters hold 71.64% stake in the company, while institutions own 20.63% and non-institutional investors hold 7.73%.
₹62,370 crore defence contract details
HAL has signed a contract worth over ₹62,370 crore (excluding taxes) for the supply of 97 LCA Mk1A aircraft, which includes 68 single-seater fighters and 29 twin-seater variants, along with associated equipment.
Deliveries will begin in FY 2027-28 and will be completed over a period of six years. The aircraft will feature over 64% indigenous content with 67 additional components compared to the previous LCA Mk1A order signed in January 2021.
Boost to ‘Aatmanirbhar Bharat’
The upgraded LCA Mk1A aircraft will integrate several indigenously developed systems, including the UTTAM AESA Radar, Swayam Raksha Kavach self-protection suite, and control surface actuators, furthering India’s Aatmanirbharta (self-reliance) initiative in defence manufacturing.
Headquartered in Bengaluru, HAL is a leading Defence Public Sector Undertaking (DPSU) engaged in the design, development, and production of aircraft, helicopters, aero-engines, avionics, and aerospace structures for India’s armed forces.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.