Defence stock engaged in the design, development, manufacturing, maintaining, and upgrading of aircraft, helicopters, and critical aerospace components, broke a 10% upper circuit following the inauguration of state-of-the-art facilities to provide a major boost to ISRO’s Launch Vehicle Mark-3 (LMV3), India’s heaviest and most powerful rocket
With a market capitalization of Rs. 3,18,397 Crores, the shares of Hindustan Aeronautics Limited were trading at Rs. 4,765 per equity share, up 9.19 percent from its previous day’s close price of Rs. 4,364.05.
Hindustan Aeronautics Limited announced the inauguration of state-of-the-art Propellant Tank Production and CNC Machining facilities at HAL’s Aerospace Division by Mr. S. Somanath, Chairman, ISRO.
The newly established facilities will provide a major boost to ISRO’s ability to meet its growing production needs, particularly for the Launch Vehicle Mark-3, India’s heaviest and most powerful rocket.
Currently, the existing capacity allows for only two LVM3 launches per year, whereas ISRO’s requirements stand at six launches annually. The facilities will address this gap, enabling HAL to manufacture enough critical components to support the production of six LVM3 rockets per year.
The Propellant Tank Production Facility will specialize in the manufacturing of high-performance fuel and oxidizer tanks, critical components for the LVM3 launch vehicle of size 4m in diameter and up to 15m in length. The CNC Machining Facility houses advanced Computer Numerical Control (CNC) machines for handling high-precision fabrication of 4.5m class Rings and Propellant Tank Domes ofLVM3
Appreciating HAL’s efforts, Mr Somanath said HAL has enormous capacities and this potential should be explored in the larger interest of both organizations. HAL will play a larger role in ISRO’s future missions hence should focus on emerging technologies, designing challenges, and taking up end-to-end tasks to ease pressure on ISRO, he added.
Hindustan Aeronautics Limited (HAL) is the Indian government’s prime manufacturer of defense machinery in the Aeronautic segment. The Company designs, develops, manufactures, maintains, and upgrades aircraft, helicopters, and critical aerospace components & accessories. It has an order book of Rs. 94,000 Crores and it expects it to increase to Rs. 1,20,000 Crores.
It has a strong customer base that consists of the Indian Air Force, the Indian Navy, the Indian Coast Guard, ISRO, DRDO, and Some of the international clients are Airbus Industries, Boeing, GE Aviation, Honeywell International, Rolls Royce Plc, and many more.
Its Revenue from operations grew by 18.20 percent from Rs. 12,495 Crores in Q4FY23 to Rs. 14,769 Crores in Q4FY24, accompanied by profits of Rs. 2,841 Crores to Rs. 4,292 Crores.
Written by: Bharath K.S
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