Hindustan Aeronautics Ltd Share Price

History of Hindustan Aeronautics Ltd

Hindustan Aeronautics Limited (HAL), is a Public Sector Enterprise and is under the administrative control of the Department of Defence Production, Ministry of Defence. HAL is 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. The Operations are organised into five complexes, i.e. , the Bangalore Complex, MiG Complex, Helicopter Complex, Accessories Complex, and Design Complex, which together include 21 production divisions and 11 research and design centres (R&D Centres) located across India. The Company relies on indigenous research as well as enters into technology transfer and licence agreements to manufacture its products.. ... Hindustan Aeronautics Limited (HAL) was incorporated as a Private Limited Company with the name 'Aeronautics India Limited' on August 16, 1963. Subsequently, Hindustan Aircraft Limited, a Company incorporated on December 23, 1940 was merged with the Company, pursuant to the Aircraft Companies' Amalgamation Order dated September 28, 1964. Accordingly, name of the Company was changed to 'Hindustan Aeronautics Limited' on December 05, 1964 with effect from October 01, 1964. In 1970, the Company established the Helicopter factory at Bangalore. In 1983, the company established the Korwa Division for Advanced Avionics at Korwa, Uttar Pradesh. In 1998, the Company established the Industrial and Marine Gas Turbine Division for aero derivative gas turbines and industrial engines at Bangalore. In 2000, the company established the Airport Service Centre at Bangalore. The Company's Aircraft Upgrade R&D Centre ('AURDC') was conferred with the 'Raksha Mantri's Award for Excellence in Performance (Design Effort)' in relation to the MiG-27 aircraft for the year 2005-06. In 2006, the Company upgraded the Barrackpore Branch Factory to a Division. The Company was notified as a Navratna Company by the Department of Public Enterprises, GoI through notification on June 27, 2007. The Navratna status provides the Company with strategic and operational autonomy and enhanced powers to make prompt investment decisions, subject to an overall investment ceiling set by the GoI. In 2008, the Company created a separate Helicopter Complex. In 2015, the company carried out restructuring of all R&D Centres under Design Complex. In 2016, the Company upgraded the Korwa Branch of Aerospace Systems and Equipment Research and Design Centre to an R&D Centre. On 29 December 2016, Naini Aerospace Limited was incorporated as a 100% subsidiary of Hindustan Aeronautics. On 2 May 2017, the Company's subsidiary Indo-Russian Helicopters Limited was incorporated. During year 2018-19, Company produced 41 new Aircraft and Helicopters. Additionally, they produced 102 New Aero-Engines and Accessories. It overhauled 213 platforms of various aircraft. Further, 560 Russian and western origin aero-engines were overhauled by the Company during the year under review. During the year 2018-19, Light Combat Helicopter (LCH) completed all weapon integration and firing tests in January, 2019 and is ready for induction. The maiden flight of third prototype (PT3) of Light Utility Helicopter (LUH) was conducted on 14th December, 2018. Advanced Light Helicopter (ALH) blade folding capability was demonstrated to customer on December 19, 2018 on CG 855 helicopter. The LCA Tejas completed mid-air refuelling trial by Wet (actual) Engagement on 10th September, 2018. It accomplished 100% running of HTFE-25 crore 2 Engine with Inlet Guide Vane (IGV) modulation in March, 2019. It indigeneously designed and developed Gas Turbine Electrical Generator (GTEG-60) Auxiliary Power Unit (APU) to start the main engines of AN-32 Military Transport Aircraft was flown on 11th February, 2019. Astra Missile was test fired by the IAF on 26th September, 2018. The LCA Naval Prototype -2 (NP2), safely executed the first contract of the HAL- designed and developed Arrester Hook System (AHS) with arresting wire at moderate taxi-in speed on August 02nd, 2018. The first Mirage 2000 aircraft upgraded to IOC standard with indigenous modification kits was delivered by the Company to the IAF on 01st January, 2019. The Company flew the Light Utility Helicopter (LUH) on 29th December, 2018. During year 2019-20, Company has produced 31 new Aircraft and Helicopters, covering Su-30 MKI, LCA Tejas, Dornier Do228, ALH Dhruv, Cheetal Helicopter and Chetak Helicopter, in addition to the production of 117 New Engines and Accessories. It overhauled 201 platforms including both fixed wing and rotary wing aircraft of various types. Further, 486 aero-engines of Russian and Western origin were also overhauled during the year under review. It has signaled out 7 ALHs of the current year production ahead of schedule for Army and delivered 1 Chetak Helicopter to the Indian Navy ahead of schedule. It has commenced production of Jaguar DARIN III (FOC) Upgrade and started manufacturing of RD-33 Engines. During year 2020-21, Company has produced 44 Nos of new Aircraft and Helicopters, covering Su-30 MKI, LCA Tejas, Dornier Do-228, ALH Dhruv, Light Combat Helicopter (LCH) and Chetak helicopter in addition to the production of 102 New Engines and Accessories. It overhauled 198 Nos of Aircraft and Helicopters. Further, 506 engines were also overhauled during the year 2020-21. The Company produced FOC standard LCA Tejas has been inducted into IAF Squadron The Flying Bullets' on May 27, 2020. Second production line for LCA aircraft has been operationalised and 2 LCAs have been produced in FY 2020-21. Two Light Combat Helicopters (LCH) were deployed for operations at high altitude at short notice to support IAF missions on August 12, 2020. Three Light Combat Helicopters (LCH) have been produced and signalled out against the Letter of Intent of IAF. It overhauled 5 Nos of Su30-MKI aircraft. It received Initial Operational Clearance (IOC) of Light Utility Helicopter (LUH) for the Indian Army from CEMILAC at the Aero India 2021. It received Operational Clearance from CEMILAC for ALH Mk-III for Indian Coast Guard and Indian Navy in January, 2021. The Company handed over three ALH Mk III to the Indian Navy and two ALH to Indian Coast Guard at the Aero India 2021. It demonstrated the tail boom folding operation on ALH Mk-III helicopter in November, 2020. The first Upgraded ALH Mk III CIVIL helicopter has been produced in November, 2020. It indigenously designed and developed a 60kW Gas Turbine Electrical Generator (GTEG-60), the Auxiliary Power Unit (APU) for the Military Transport aircraft AN-32, which has attained operational clearance on May 28, 2020. The 150th Do-228 aircraft, produced by HAL was handed over on November 11, 2020. A digital Pilot Operating Handbook (POH)' was also released as in-house efforts towards automation and Digital India'. It manufactured 300th Advanced Light Helicopter (ALH) which was rolled out and certified on 29th September, 2020. The biggest Cryogenic propellant tank (C32 LH2) ever fabricated for ISRO, was delivered to ISRO on November 28, 2020. FirstISROSENE Propellant Tank' ofsemi cryo developmental project has been formally handed over to LPSC, ISRO on 05th February, 2021. Inner Ring, a critical aero-engine component operating in the hot zone, has been developed and manufactured through 3D printing technology with the collaboration of Wipro Enterprises (P) Ltd. During the year 2021, the Company has entered into a contract for supply of 83 LCA Mk1A to IAF. It carried the production and supply orders of Su-30 MKI aircraft, Light Combat Aircraft (LCA) Tejas, Dornier Do-228 Aircraft, Advanced Light Helicopter (ALH) Dhruv, Light Combat Helicopter (LCH), Chetak helicopter, engines, accessories and aerospace structures to fulfill the requirement of their esteemed customers. It has achieved significant progress in various R&D / Development Projects viz. Basic Trainer Aircraft (HTT-40), Light Utility Helicopter (LUH), Light Combat Aircraft (LCA)- MK1A, Jaguar Darin III Upgrade, Hawk-i and Development of Engines. During the year 2022, the Company has produced 34 numbers of new Aircraft and Helicopters, covering LCA Tejas, Dornier Do228, ALH Dhruv and Light Combat Helicopter (LCH) in addition to the production of 80 New Engines and Accessories, at its various Divisions. It has also overhauled 207 Aircraft / Helicopters and 506 engines during the year. As on March 31, 2022, Company has 2 Subsidiaries including 1 wholly owned Subsidiary and 14 Joint Venture Companies (JVCs) including 2 Not-for-Profit Companies. During year 2021-22, Company handed over 75th ROH Su-30 MKI aircraft to IAF on January 25, 2022. It completed Mid-Life upgrade of two Do-228 aircraft for Coast Guard in 2021-22 against deliveries originally scheduled to start from 2022-23 as per Contract. It commenced Performance Based Logistics (PBL) operations of ALH Mk III (MR) on February 10, 2022 for the first batch of ALH Mk III (MR) inducted by CG under PBL support regime. It made an investment of Rs. 1,20,000 Lakh in UP Defence Industrial Corridor (UPDIC) towards enhancement of capacity & capability at Lucknow, Korwa and Kanpur Divisions of HAL. In-line with Government's vision to boost defence exports to friendly foreign countries, HAL signed contracts with Government of Mauritius (GoM) for export of one passenger variant Do-228 (PVD) on September 10, 2021 and for one Advanced Light Helicopter (ALH) Mk III helicopter on January 19, 2022. Further, HAL has already completed the production and delivery of this Do-228 PVD for Mauritius ahead of contractual delivery commitment. The Intermediate Jet Trainer (IJT), designed and developed by HAL for stage -II training of IAF pilots has demonstrated the capability to carry out six turn spins, to the LH and RH sides, which is the most crucial stage in flight trials. The Company indigenously designed and developed Air Data Computer ADC 3600A CVL1 (ADC-ITSOA)' which is Environmentally Qualified' with in-house developed application software certified for civil platforms of aircraft and helicopters. It integrated and flown Lithium Main Battery' on HTT-40 and making it first time in the continent using lithium battery for military aviation. It indigenously designed and developed Solid State Weapon Control System (SSWCS) for management of weapons on Jaguar aircraft as a replacement to the ageing Armament Main unit (AMU). It completed the design, development and certification of Solid State Cockpit Voice and Flight Data Recorder (SSCVFDR) and Control Unit (CU) for Hindustan-228 aircraft. The heaviest Semi-Cryogenic propellant tank (SC120- LOX) ever fabricated by HAL was delivered to Indian Space Research Organization (ISRO) on October 5, 2021. During the year 2022, the Company has produced Light Combat Aircraft (LCA) Tejas, Dornier Do-228 Aircraft (both civil & military), Advanced Light Helicopter (ALH) Dhruv, Light Combat Helicopter (LCH), engines, accessories and aerospace structures against the various customer orders. It launched production of Light Utility Helicopter (LUH). It signed a lease agreement with Alliance Air Aviation Limited on September 26, 2021 for the supply of two Civil Do-228 aircraft for regional operations in Arunachal Pradesh to boost the Regional Connectivity Scheme (RCS). First commercial flight on the Dibrugarh-Pasighat route commenced on April 12, 2022 by Alliance Air Aviation Limited. It embarked on DGCA Type Certification (TC) of 19 seater Hindustan-228 aircraft, a Do-228 Civil variant. In FY 2022, the Company launched new platform design and development programmes such as Combat Air Teaming System (CATS) Warrior, Hindustan Lead in Fighter Trainer HLFT-42, High Altitude Pseudo Satellite (HAPS), Utility Helicopter-Maritime, Deck Based Multi Role Helicopter (DBMRH). It has signed an MoU with Rolls-Royce on April 9, 2021 to explore the potential opportunity of HAL to become a 'Build to Print' supplier for the MT30 (Gas Turbine) package for sales within the Indian market. It signed an agreement with Rolls-Royce on September 14, 2021 for Make-in-India Adour engine parts to support Rolls-Royce's international defence customer base. The Company and d ZeroAvia entered into a development collaboration agreement on 9th November, 2021 for hydrogen-electric powertrain capable of flying the 19 seat Dornier 228 aircraft up to 500 NM. It signed an MoU with Max AeroSpace & Aviation Pvt. Ltd., Mumbai on 12th January, 2022 to explore business opportunities for MRO of civil aircraft. It signed an MoU with Uganda Peoples Defence Forces (UPDF) on 3rd March, 2022 towards Co-operation for Repair, Overhaul and maintenance, supply of spares etc., for Su-30 Mk2 of UPDF. It signed an MoU with Safran Helicopter Engines (SafranHE) on 14th March, 2022 for exploring business opportunities in the area of Helicopter Engines, etc. It has entered into a MoU with Israel Aerospace Industries (IAI) on 4th April, 2022 to convert Civil (Passenger) aircraft to Multi Mission Tanker Transport (MMTT) aircraft in India. It integrated Medical Intensive Care Unit (MICU) on board two ALH MK III of Indian Navy deployed at INS Hansa, Goa during May/June 2021. It carried out Ceremonial First Flight' of upgraded Dhruv Civil Helicopter on November 26, 2021. During the year 2023, the Company produced 22 numbers of new Aircraft and Helicopters, covering Light Combat Aircraft (LCA) Tejas, Dornier Do-228 Aircraft, Advanced Light Helicopter (ALH) Dhruv, Light Combat Helicopter (LCH) and Light Utility Helicopter (LUH), engines in addition to the production of 51 New Engines and Accessories, at its various Divisions. The Company overhauled 216 Aircraft / Helicopters and 536 engines during the year. During the year 2023, the Company opened Integrated Cryogenic Engine Manufacturing Facility (ICMF) in Bengaluru on September 27, 2022. It commissioned the production of 15 Light Combat Helicopters (LCH) against the 15 LCH contract ahead of contract schedule. The first flight of the LCA Mk1A prototype (LCA SP-25 modified for MK1A features) was commissioned on May 20, 2022. It produced 4 Do-228 aircraft in advance against the contract for supply 6 Do-228 to IAF. The maiden arrested landing and ski-jump take-off from the indigenous aircraft carrier INS Vikrant was carried out by the LCA Navy MK1 aircraft on February 6, 2023. Handed over the last of the 16 ALH MKIII (Maritime role) order to the Indian Coast Guard (ICG) on November 15, 2022. Delivered the first set of hardware for Gaganyaan mission (first unmanned mission) as well as the 150th HAL made Satellite Bus-structure to ISRO on April 4, 2022. HAL also delivered the Crew Module Fairing (CMF) and HEM-Thrust Transfer Structure (HTS) hardware for Human Spaceflight Program' to Indian Space Research Organization (ISRO) on August 17, 2022 in Bengaluru. Build of LCA Navy MK I Trainer prototype aircraft NP5 (3rd Naval prototype) commissioned and engine ground run carried out on January 16, 2023. Design & development of Indigenous Mission Management System (MMS) integrated on DO-228 (ICG) and flight testing commenced from August 25, 2022. Developed and designed Solid State Flight Data Recorder (SSFDR) / Cockpit Voice Recorder (CVR) for Cheetah, Chetak and Cheetal helicopter. The Company indigenously designed and developed two products, HTT-40 Basic Trainer Aircraft and LUH MkI. It commissioned New Helicopter Manufacturing Factory at Tumakuru; established facilities for manufacturing of semi cryogenic and cryogenic engine components at Integrated Cryogenic Engine Manufacturing Facility (ICMF). The Company achieved a significant milestone towards civil aviation segment and Regional Connectivity Scheme UDAN with the first commercial flight of HAL's civil Do-228 held on April 12, 2022 at Dibrugarh-Pasighat route. During the year 2023, HTT-40 completed erect spin certification flights, and PSQR validation trials. First Inverted Spin tests was carried out in March, 2023. During the year 2023-24 , a new 50:50 Joint Venture Company got incorporated on November 9, 2023 with the name SAFHAL Helicopter Engines Pvt Ltd with Safran Helicopter Engines SAS, France to carry out business of indigenous design, development, certification, production, sale & support of helicopter engines with one of the first opportunities identified as engine for Indian Multi Role Helicopter (IMRH) & Deck Based Multi Role Helicopter (DBMRH) projects. In 2024, the first LCA Tejas twin seater was handed over to the Indian Air Force (IAF) in the presence of Raksha Rajya Mantri. The first production series of LCA Mk1A fighter has completed its Maiden flight. The first Mid Life Upgraded (MLU) Dornier aircraft fitted with Pollution Surveillance System (PSS) was handed over to ICG. Delivered 30 types of riveted structure, six types of welded structure and satellite's bus structure Rover, Lander and Castings & Forgings for Chandrayaan-3. Delivered 10 types of riveted structures and 5 types of welded propellant tankages for PSLV C57 (Aditya L1) mission and PSLV C58 (XPoSAT) mission. Handed over first Closed Inter Tank Structure (C32)' and first Development Service Module' for the Gaganyaan Experimental Mission of ISRO. A New Design and Test facility at Aero Engine Research & Development Centre in Bangalore was inaugurated on December 29, 2023, to accelerate Research and Development of aero-engines. The Company also undertaken Design and Development of the Indian Multi Role Helicopter (IMRH) and Weapon systems integration on ALH & LCH. During FY 2024-25, Company became the 1st Defence PSU to achieve the prestigious 'Maharatna' status on October 12, 2024. HAL supplied structural assemblies to ISRO for its GSLV-F15 NVS-02 Mission. This Mission placed the NVS02 satellite into a Geosynchronous Transfer Orbit, for providing accurate Position, Velocity and Timing service to users in India. HAL indigenously developed Software Defined Radio (SDR), has been flight tested on ALH Dhruv. The Hindustan Turbo Trainer (HTT-40) aircraft received a Certification from the Centre for Military Airworthiness and Certification (CEMILAC) during Aero India-2025. The Company's flagship product, Advanced Light Helicopter Dhruv's upgraded civil variant, received the Directorate of Civil Aviation (DGCA) certification. In FY 2024-25, first AL-31FP Engine under 240 engines contract was handed over to Indian Air Force on September 30, 2024, ahead of schedule. HAL received Directorate General of Civil Aviation (DGCA) Certification for Upgraded Dhruv Civil ALH on November 20, 2024. It delivered first Gas Generator (GG-01) module for CE-20, Cryogenic Engine from Integrated Cryogenic Manufacturing Facility (ICMF). Mistral-2 Missile Firing Trial was conducted on LCH Prachand, at the Integrated Test Range, Chandipur, Odisha, on December 2, 2024. Supplying of 12 types of riveted structures, four types of welded propellant tankages, and two types of feedlines, four fully integrated L-40 liquid boosters, to ISRO for its GSLV-F15 NVS-02 Mission.