Latest news with #HindustanAeronautics
CNA
9 hours ago
- Business
- CNA
Warplane maker HAL wins bid to make India's small satellite launch rockets
BENGALURU : State-run Hindustan Aeronautics Ltd has won a bid to commercially make India's small satellite launch rockets, in the government's biggest move yet to open its fast-growing space industry to private players. Fighter jet maker HAL won with a bid of 5.11 billion rupees ($59 million), space regulator the Indian National Space Promotion and Authorisation Centre said on Friday. Reuters reported in February that three consortiums - Alpha Design Technologies, a unit of Adani Defence Systems and Technologies, state-backed Bharat Dynamics and HAL - were the finalists to acquire India's Small Satellite Launch Vehicle (SSLV) technology. "One of the big things we have been wanting to do is to make India the global hub for small satellite launches," Pawan Goenka, chairman of IN-SPACe told reporters. Shares of HAL rose as much as 1.6 per cent to hit a session high of 4,980 rupees after the announcement. Handing SSLV's technology to HAL marks a significant shift for India's space industry, which has already granted satellite communication service licenses to global and domestic firms such as France's Eutelsat and Reliance Jio's satellite venture. The rocket is capable of carrying 500kg payloads to low-Earth orbit. HAL will have the capability to build, own, and commercialize SSLV launches, Goenka added. HAL intends to offer a "very competitive" price on launches both for India and international clients, said Barenya Senapati, Director (Finance) at Hindustan Aeronautics. About 20 companies had initially expressed interest in bidding for the SSLV, under Prime Minister Narendra Modi's policy drive to open up India's space industry. The global low-Earth orbit launch vehicle market was valued at $13.9 billion in 2023 and is estimated to grow to about $44 billion by 2032, according to Global Market Insights. India, which accounts for only 2 per cent of the global space economy, is eyeing a fivefold expansion to $44 billion by the end of the decade. Hindustan Aeronautics and Larsen & Toubro, an industrial conglomerate, have a government contract to manufacture and deliver larger rockets to Indian Space Research Organisation. The first of those are due for launch between October and December, said Radhakrishnan Durairaj, chairman and managing director of New Space India Limited, the commercial arm of ISRO.
Business Upturn
9 hours ago
- Business
- Business Upturn
HAL wins ISRO's SSLV technology transfer bid, to lead mass production
By Aditya Bhagchandani Published on June 20, 2025, 15:48 IST Hindustan Aeronautics (HAL) on Friday announced that it has emerged as the successful bidder for the technology transfer of the Small Satellite Launch Vehicle (SSLV), developed by the Indian Space Research Organisation (ISRO). The deal includes the entire design and manufacturing technology of the SSLV, along with quality control, launch operations, post-flight analysis, and technical documentation. Additionally, HAL will receive comprehensive training and support for technology absorption. Under this agreement, HAL will lead the mass production of SSLVs to cater to both Indian and global demand, positioning itself as a key player in India's expanding private space ecosystem. The move marks a significant milestone for HAL as it deepens its role in India's space manufacturing sector, especially at a time when the government is pushing for greater private participation in space. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Reuters
12 hours ago
- Business
- Reuters
Warplane maker HAL wins bid to privatise India's small satellite launch rockets
BENGALURU, June 20 (Reuters) - Hindustan Aeronautics Ltd ( opens new tab has won the bid to privately make India's small satellite launch rockets, the country's space regulator said on Friday, the government's biggest step yet to open its fast-growing space industry to private players. Reuters reported in February that three consortiums - Alpha Design Technologies, a unit of Adani Defence Systems and Technologies, state-backed Bharat Dynamics ( opens new tab and HAL - were the finalists to acquire India's Small Satellite Launch Vehicle (SSLV) technology. Fighter jet maker HAL had applied independently, Indian Space Research Organisation (ISRO) said in a statement on Friday, without disclosing the deal value. Reuters reported earlier that HAL was expected to pay about 3 billion Indian rupees (about $35 million). By winning the bid to make the rocket, capable of carrying 500kg payloads to low-Earth orbit, HAL will have the capability to independently build, own, and commercialize SSLV launches, said Pawan Goenka, the head of Indian National Space Promotion and Authorisation Centre. About 20 companies had initially expressed interest in bidding for the SSLV, the first privatisation of its kind under Prime Minister Narendra Modi's policy drive to open up India's space industry. The global low Earth orbit launch vehicle market was valued at $13.9 billion in 2023 and is estimated to grow to about $44 billion by 2032, according to Global Market Insights. India, which accounts for only 2% of the global space economy, is eyeing a fivefold expansion to $44 billion by the end of the decade. ($1 = 86.6450 Indian rupees)
Mint
16 hours ago
- Business
- Mint
Dividend stock 2025: HAL share price edges higher after announcement of board meeting date
Hindustan Aeronautics (HAL) share price opened nearly a percent higher on Friday after the company announced the date of its board meeting to consider dividend. The defence stock gained 0.98% to open at a high of ₹ 4,948.75 apiece on the BSE. The PSU defence company, Hindustan Aeronautics, said the meeting of its board of directors is scheduled on 27 June 2025 to consider a final dividend for FY25. '...this is to inform that the Board of Directors of the Company in its meeting scheduled to be held on Friday, the 27th June, 2025 will consider, inter-alia, the recommendation of final dividend for the financial year 2024-25.' HAL said in a regulatory filing on June 19. However, any other information regarding the dividend amount, HAL dividend record date or the dividend payment date are not announced yet. The company also said that the Trading Window for trading in the securities of the company shall remain closed for all Insiders including Designated Persons, Connected Persons and their immediate relatives, with immediate effect till 48 hours after declaration of the financial results for the quarter ending on 30th June, 2025. Hindustan Aeronautics (HAL) last declared an interim dividend of ₹ 25 per share on February 18, 2025, as per data available on the BSE. In 2024, the company paid dividends of ₹ 13 and ₹ 22 per share. In the previous year, 2023, HAL distributed dividends of ₹ 20 and ₹ 15 per equity share. Additionally, the PSU defence major announced a stock split during 2023. HAL share price has remained largely unchanged over the past one month. However, the PSU defence stock has witnessed a 28% gain over the last three months and a 17% increase on a year-to-date (YTD) basis. Despite an 8% decline over the past year, HAL share price has demonstrated strong long-term performance, rallying 154% in two years and delivering multibagger returns of 1,280% over the past five years. At 9:48 AM, HAL share price was trading 0.30% higher at ₹ 4,915.25 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
10-06-2025
- Business
- Time of India
Civil aviation ministry, IAF working together to induct retired military pilots for flying Dornier 228 aircraft, ET Infra
Advt Advt By , ETInfra Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Get updates on your preferred social platform Follow us for the latest news, insider access to events and more. NEW DELHI: The Ministry of Civil Aviation is working with the Indian Air Force (IAF) to induct retired military pilots in order to address the shortage of pilots who can fly the civilian version of the Dornier 228 Hindustan Aeronautics Ltd-manufactured civilian version of 19-seater Dornier 228, was introduced in the northeast region in April 2022 under the UDAN or regional connectivity scheme to connect remote places in the lack of trained civil pilots for Dornier 228 has emerged as a major impediment for the expansion of flight services under the scheme.'We are working with the (Indian) Air Force to induct their retiring pilots. For Dornier, the pool of pilots is from the Air Force only,' said a senior government official aware of the development. The official added that the ministry has undertaken several rounds of meetings with the IAF on the the flight services in the northeastern states are being provided by government-owned Alliance Air which has signed a Memorandum of Understanding with Hindustan Aeronautics, to operate the India-made Dornier aircraft. The aircraft is manufactured by Hindustan Aeronautics at its Kanpur the last few years, senior officials from Hindustan Aeronautics have highlighted the issue of lack of trained civil pilots to fly the Dornier 228 to the Ministry of Civil Aviation. The aircraft manufacturer had earlier leased two Dornier 228s to Alliance that retired pilots from the IAF cannot directly be deployed for operating the civilian version of the Dornier 228, the official outlined that the pilots will have to undergo the necessary qualification and certification process mandated by the Directorate General of Civil Aviation (DGCA).'Whether it is helicopter or fixed wing aircraft, defense pilots automatically are not qualified to be civil pilots. So, they have to go through the DGCA process,' the official said.'The process is a little bit shorter compared to a fresh person coming and becoming a pilot, but they have to go through it,' he Dornier 228 small aircraft is an important part of the Ministry of Civil Aviation's strategy of creating a hub and spoke model of regional air connectivity in the country, linking relatively distant and inaccessible areas with major cities.
