Latest news with #ALHDhruv
India Gazette
2 days ago
- Business
- India Gazette
India has redefined its defence capabilities with emphasis on self-reliance
New Delhi [India], June 19 (ANI): India has emerged as a formidable global leader over the past 11 years, driven by bold initiatives that fuse ambition with action, with the country making significant strides in indigenizing its defence sector, with defence exports witnessing a multifold increase over the past 11 years. India achieved its highest-ever defence production in Financial Year 2023-24, with the total value touching Rs 1,27,434 crore. This marks a 174 per cent rise from Rs 46,429 crore in 2014-15, according to an official statement from the government. Indigenous platforms such as the Light Combat Aircraft Tejas, Arjun tank, Akash missile system, ALH Dhruv helicopter, and several naval vessels have all contributed to this success. The growth has been powered by focused policies and a strong push for Atmanirbharta, or self-reliance. In FY 2024-25, India recorded defence exports worth Rs 23,622 crore, up from Rs 686 crore in FY 2013-14. The private sector contributed Rs 15,233 crore, while DPSUs accounted for Rs 8,389 crore, a 42.85 percent jump from the previous year. Over 1,700 export authorisations were granted in the same year. India now exports a diverse range of products such as bulletproof jackets, helicopters, torpedoes, and patrol boats. The USA, France, and Armenia were the top buyers in 2023-24. With the goal of reaching Rs 50,000 crore in exports by 2029, India is firmly positioning itself as a global hub for defence manufacturing. The government has issued five Positive Indigenisation Lists that limit imports and encourage local manufacturing. Over 5,500 items are covered under these lists, of which 3,000 had been indigenised by February 2025. The lists include everything from basic components to advanced systems like radars, rockets, artillery, and light helicopters. This structured push has ensured that critical capabilities are now being built within the country. Two dedicated Defence Industrial Corridors have been established in Uttar Pradesh and Tamil Nadu. These corridors have attracted investments worth over Rs 8,658 crore and signed 253 memoranda of understanding (MoU) with an estimated investment potential of Rs 53,439 crore as of February 2025. Spread across 11 nodes in both states, these hubs are providing the infrastructure and incentives needed to turn India into a defence manufacturing powerhouse. The Ministry of Defence also signed 193 contracts worth Rs 2,09,050 crore in 2024-25 -- the highest ever in a single year. Of these, 177 contracts were awarded to the domestic industry, amounting to Rs 1,68,922 crore. This shows a clear shift towards prioritising Indian manufacturers and strengthening the defence ecosystem within the country. The focus on indigenous procurement has also boosted job creation and technological advancement. Launched in April 2018, Innovations for Defence Excellence (iDEX) has fostered a vibrant ecosystem for innovation and technology development in the defence and aerospace sectors. By engaging MSMEs, startups, individual innovators, R&D institutes, and academia, iDEX has provided grants of up to Rs 1.5 crore to support the development of cutting-edge technologies. Strengthening its impact, the Armed Forces have procured 43 items worth over Rs 2,400 crore from iDEX-supported startups and MSMEs, reflecting growing trust in indigenous innovation for defence preparedness. To further enhance self-reliance in defence technology, Rs 449.62 crore has been allocated to iDEX, including its sub-scheme Acing Development of Innovative Technologies with iDEX (ADITI), for 2025-26. As of February 2025, 549 problem statements have been opened, involving 619 startups and MSMEs, with 430 iDEX contracts signed. India's maritime strategy centres on vigilance, quick response and active regional engagement. With a long coastline and key shipping routes to protect, the Indian Navy plays a vital role in safeguarding national and economic interests. Guided by the Prime Minister's vision of MAHASAGAR, India promotes cooperation and stability across oceans. Over the past year, in response to piracy and rising threats in the Western Arabian Sea, the Navy deployed over 35 ships, conducted more than 1,000 boarding operations and responded to 30-plus incidents. These efforts saved over 520 lives and ensured safe passage for 312 merchant vessels carrying cargo worth more than 5.3 billion US dollars. India's commitment extends beyond defence. It remains a reliable first responder in the Indian Ocean Region for humanitarian and disaster relief missions. In September 2024, India launched Operation Sadbhav to support Laos, Vietnam and Myanmar after Typhoon Yagi. In April 2025, it hosted the 'Africa India Key Maritime Engagement' (AIKEYME) exercise with ten African nations, strengthening maritime ties and shared responses to regional challenges. India's maritime outlook balances strong naval presence with inclusive diplomacy, shaping a secure and cooperative Indo-Pacific, the statement said. (ANI)
Economic Times
02-05-2025
- Business
- Economic Times
HAL shares in focus after Army, Air Force versions of ALH Dhruv helicopters cleared for operations
Hindustan Aeronautics Ltd (HAL) shares are in focus as Army and Air Force variants of ALH Dhruv helicopters, previously grounded, have been cleared for operations following a Defect Investigation Committee's recommendations. This clearance follows the grounding of the entire fleet after a Coast Guard incident in January. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Markets HAL Q3 Earnings HAL Shares Target Price Shares of Hindustan Aeronautics Ltd HAL ) will be in focus on Friday after the Army and Air Force variants of the ALH Dhruv helicopters , grounded since January, were cleared for which manufactures the Dhruv helicopters, said on Thursday that the clearance came following recommendations from a Defect Investigation (DI) Committee. 'It is now intimated that the Advanced Light Helicopter (ALH) Dhruv Army and Air Force versions are cleared for operations,' the defence PSU said in a statement.A time-bound plan has also been drawn up with the armed forces to resume entire fleet of 330 ALHs was grounded after an Indian Coast Guard ALH Mark-III crashed during a training sortie in Porbandar on January 5, killing all three crew members. Following the incident, HAL had also advised civilian operators to suspend operations until the cause was ALH Dhruv is an indigenously designed, twin-engine, multi-role helicopter in the 5.5-tonne category. HAL has produced over 340 units so in April, HAL signed a Rs 62,700 crore contract with the Ministry of Defence to supply 156 Light Combat Helicopters (LCH) Prachand to the Army and Air Force. Cleared by the Cabinet Committee on Security, it marks India's largest-ever defence procurement The Prachand is the only attack helicopter capable of operating at altitudes from 5,000 to 16,400 feet, making it suitable for high-altitude missions in areas such as Siachen and Eastern Ladakh. It can fire both air-to-air and air-to-ground missiles and is integrated with network-centric operation systems for enhanced battlefield the quarter ending December 2024, HAL reported a net profit of Rs 1,432.60 crore, a 14.28% increase compared to Rs 1,253.51 crore in the same period last year. The company's revenue from operations also saw a 15% rise, reaching Rs 6,956.93 per Trendlyne data, the average target price of the stock is Rs 4,891, which shows an upside of 9% from the current market prices. The consensus recommendation from 17 analysts for the stock is a 'Strong Buy'.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
02-05-2025
- Business
- Time of India
HAL shares in focus after Army, Air Force versions of ALH Dhruv helicopters cleared for operations
Shares of Hindustan Aeronautics Ltd ( HAL ) will be in focus on Friday after the Army and Air Force variants of the ALH Dhruv helicopters , grounded since January, were cleared for operations. HAL, which manufactures the Dhruv helicopters, said on Thursday that the clearance came following recommendations from a Defect Investigation (DI) Committee. 'It is now intimated that the Advanced Light Helicopter (ALH) Dhruv Army and Air Force versions are cleared for operations,' the defence PSU said in a statement. A time-bound plan has also been drawn up with the armed forces to resume operations. The entire fleet of 330 ALHs was grounded after an Indian Coast Guard ALH Mark-III crashed during a training sortie in Porbandar on January 5, killing all three crew members. Following the incident, HAL had also advised civilian operators to suspend operations until the cause was identified. The ALH Dhruv is an indigenously designed, twin-engine, multi-role helicopter in the 5.5-tonne category. HAL has produced over 340 units so far. Also Read: HDFC Bank, SBI Life among 10 largecap stocks that earned upgrades in last 1 month. Check revised target price Earlier in April, HAL signed a Rs 62,700 crore contract with the Ministry of Defence to supply 156 Light Combat Helicopters (LCH) Prachand to the Army and Air Force. Cleared by the Cabinet Committee on Security, it marks India's largest-ever defence procurement . The Prachand is the only attack helicopter capable of operating at altitudes from 5,000 to 16,400 feet, making it suitable for high-altitude missions in areas such as Siachen and Eastern Ladakh. It can fire both air-to-air and air-to-ground missiles and is integrated with network-centric operation systems for enhanced battlefield coordination. HAL Q3 Earnings In the quarter ending December 2024, HAL reported a net profit of Rs 1,432.60 crore, a 14.28% increase compared to Rs 1,253.51 crore in the same period last year. The company's revenue from operations also saw a 15% rise, reaching Rs 6,956.93 crore. HAL Shares Target Price As per Trendlyne data, the average target price of the stock is Rs 4,891, which shows an upside of 9% from the current market prices. The consensus recommendation from 17 analysts for the stock is a 'Strong Buy'. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
India Today
01-05-2025
- Business
- India Today
Army and Air Force versions of Dhruv helicopters cleared for operations
The government has cleared the resumption of operations of the Indian Army and the Indian Air Force versions of the Advanced Light Helicopter (ALH) Dhruv fleet, which was grounded for four months, officials said on decision follows recommendations from a Defect Investigation (DI) Committee that reviewed technical issues after one of its choppers was involved in a crash in Gujarat in the naval version of the chopper will remain grounded, officials said. A time-bound plan for restarting operations has been agreed upon between the armed forces and Hindustan Aeronautics Limited (HAL), the helicopter's entire fleet of over 330 Dhruv helicopters operated by the Army, Navy, the Air Force and the Coast Guard was grounded after a Dhruv helicopter of the Coast Guard crashed at Gujarat's Porbandar airport runway on January pilots and an aircrew diver of the chopper were killed in the indigenously designed and developed ALH Dhruv is a twin-engine, multi-role and multi-mission new-generation helicopter in the 5.5-ton weight than 340 Dhruv helicopters have been produced by HAL so far.(with inputs from PTI) IN THIS STORY#Gujarat
The Hindu
01-05-2025
- General
- The Hindu
Army and Air Force versions of ALH Dhruv cleared for operations: HAL
The Army and the Air Force versions of the Advanced Light Helicopter (ALH) Dhruv, which have been grounded since January, have been cleared for operations. The Hindustan Aeronautics Limited (HAL), which is the manufacturer of the Dhruv helicopter, on Thursday said that based on the Defect Investigation (DI) Committee recommendations the Army and Air Force versions of the helicopter are cleared for operations. 'It is now intimated that the Advanced Light Helicopter (ALH) Dhruv Army and Air Force versions are cleared for operations based on the Defect Investigation (DI) Committee recommendations,' the defence PSU said in a statement. It further added that a time-bound plan for the resumption of operations has been worked out with the users. The armed forces had temporarily grounded all their 330 ALHs following the January 5 crash of the Indian Coast Guard's ALH Mark-III in Porbandar, Gujarat during a training sortie that killed all three crew members onboard. the helicopter. Besides, the HAL had also advised civilian operators to ground the helicopter till the cause of the crash is identified. The ALH Dhruv was also missing in action at the Aero India 2025. The Indian Air Force's Sarang Helicopter Display Team, which has displayed their formation aerobatics skills in the show for the last two decades, did not participate this time due to the grounding of the ALH Dhruv helicopter. Following the grounding of the indigenous helicopter, the armed forces had been facing a shortage of helicopters and their military operations were affected. However, last week in the aftermath of the Pahalgam terror attack, the Army version of the ALH had resumed flying in the Anantnag area of Jammu and Kashmir.
