return to news
  1. Upstox
    /
  2. News
    /
  3. Market News
    /
  4. Stocks
    /
  5. HAL signs contract with SAFHAL to manufacture an Indian Multi-Role Helicopter

Market News

HAL signs contract with SAFHAL to manufacture an Indian Multi-Role Helicopter

Upstox
By Upstox News Desk

2 min read | Updated on August 30, 2024, 19:09 IST

Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

Hindustan Aeronautics holds the largest order book amongst all major defence companies in India of ₹94,000 crore and has seen strong Q1 performance in FY25. 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.

Stock list

HAL
--
HAL signs contract with SAFHAL to manufacture an Indian Multi-Role Helicopter

HAL signs contract with SAFHAL to manufacture an Indian Multi-Role Helicopter

Hindustan Aeronautics (HAL) has signed an airframer contract with SAFHAL Helicopter Engines (SAFHAL) 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), which HAL is designing and developing.

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, marks a significant milestone in India's aerospace and defence sector, aiming to enhance the nation's Aatmanirbharta in helicopter engine technology.

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.

Hindustan Aeronautics is Bengaluru based Defence Public Sector Undertakings (DPSU) Company 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.

Following the announcement, shares of Hindustan Aeronautics Ltd surged 2% on the NSE at ₹4,687 apiece. HAL shares have shown remarkable growth in 2024 by gaining 66% on a YTD basis

Uplearn

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

Next Story