logo
HAL announces Rs 15 final dividend for FY25. Check record date and other details

HAL announces Rs 15 final dividend for FY25. Check record date and other details

Time of India4 hours ago

State-run aerospace and defence major
Hindustan Aeronautics Ltd
(HAL) has recommended a final dividend of Rs 15 per equity share for the financial year 2024-25. This represents 300% on the face value of Rs 5 per share, subject to shareholder approval at the upcoming Annual General Meeting (AGM).
If approved at the AGM, the dividend will be paid to eligible shareholders within 30 days of approval. The company has also announced that the record date for determining eligibility for the final dividend is Thursday, August 21, 2025.
This move comes on the back of another strong financial year for HAL, underlining its consistent performance and robust cash flows. The company has a track record of generous dividend payouts, supported by a healthy order book and rising demand for indigenous defence platforms.
HAL is India's premier aerospace and defence company. It operates under the administrative control of the Ministry of Defence and plays a crucial role in the design, development, manufacture, repair, and overhaul of aircraft, helicopters, engines, and related systems.
The company is a key supplier to the Indian Armed Forces and has been at the forefront of India's defence indigenisation efforts.
Its flagship platforms include the Tejas Light Combat Aircraft (LCA), Dhruv Advanced Light Helicopter (ALH), Rudra, and Light Combat Helicopter (LCH), among others. HAL is also responsible for the production and servicing of legacy aircraft such as the Sukhoi Su-30MKI, Jaguar, and Mirage 2000.
As of FY25, HAL boasts a robust order book exceeding Rs 1.2 lakh crore, which includes long-term projects such as the Tejas Mk-2, HTT-40 trainer aircraft, and advanced helicopters.
The company is expanding its capabilities in UAVs, space systems, and engines, aligning with India's push for defence self-reliance under the Atmanirbhar Bharat initiative.
HAL is among the top government-owned firms in terms of market capitalisation and dividend yield, making it a favourite among long-term investors and dividend-focused portfolios.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Sugar production to increase by 15 pc to 35 million tonnes in SS 26 on favourable monsoon: Report
Sugar production to increase by 15 pc to 35 million tonnes in SS 26 on favourable monsoon: Report

Time of India

time17 minutes ago

  • Time of India

Sugar production to increase by 15 pc to 35 million tonnes in SS 26 on favourable monsoon: Report

Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: Sugar output is likely to increase by 15 per cent in sugar season 2025-26 to about 35 million tonnes on a favourable monsoon, a report said on gross sugar production is likely to rise 15 per cent in sugar season 2026 to about 35 million tonnes, aided by above-average monsoon, boosting cane acreage and yields in key sugar-producing states like Maharashtra and Karnataka, Crisil Ratings said in the growth is expected to ease tightness in the domestic supply and has the potential to boost ethanol diversion and revive exports with appropriate policy support, it would offer sugar mills some relief from challenges of high cane costs, subdued ethanol prices and muted exports that compressed their operating profitability by 200 basis points (bps) to 8.7-9 per cent in fiscal 2026, with improved supplies and potentially higher diversion of sugar for blending ethanol with gasoline, the operating margin of sugar mills is likely to recover to about 9-9.5 per cent, said the report, adding that this is likely to support credit profiles of sugar players, which saw some pressure last the past two seasons, while the fair and remunerative (FRP) price of sugarcane has risen 11 per cent, ethanol prices have largely remained unchanged, compressing the miller's revenue-cost sugar season 2026, diversion for ethanol is expected to rise to 4 million tonnes (from 3.5 million tonnes in sugar season 2025), supported by high sugar output and the government's 20 per cent blending target (19 per cent average achieved so far), as it offers faster cash-flow churn, said the report."The strategic diversification to ethanol was intended to de-risk earnings and cash flow of sugar mills. But rising cane costs (cane FRP has been hiked by 4.5 per cent to Rs 355 per quintal for sugar season 2026) and stagnant ethanol procurement prices have limited improvement in profitability."As a result, the operating margin of integrated millers is likely to improve only marginally by 40-60 bps to 9-9.5 per cent despite a 15 per cent jump in sugar output. That said, standalone millers, lacking distillery or co-generation power sales, may continue facing margin pressure," Crisil Ratings Senior Director Anuj Sethi report further stated that sugar prices are likely to remain range-bound with output expected to rise, limiting any significant upside in profitability of sugar Ratings estimated exports, restricted at 1 million tonnes in sugar season 2025 owing to domestic supply concerns, are likely to continue at similar levels in sugar season 2026 with high sugar output and opening inventory of 2 months of said, any easing of export curbs will depend on the decision to divert higher volumes for ethanol, adequate domestic availability, benign inflation trends and favourable global price parity as seen in sugar season 2023, it added."Sugar inventory levels at the end of fiscal 2026 are expected to remain at levels similar to last year, limiting the rise in working capital debt despite higher distillery operations. With capital spending restricted to routine modernisation, overall debt levels of integrated players are expected to remain under control," Crisil Ratings Director Poonam Upadhyay the upcoming season, there is a need to watch the temporal and spatial distribution of monsoon, its impact on cane yield, timely ethanol price revisions and clarity on export policy amid global sugar price movements, the report added.

Ex-employer uses man's documents to open firm
Ex-employer uses man's documents to open firm

Time of India

time29 minutes ago

  • Time of India

Ex-employer uses man's documents to open firm

Rajkot: A 35-year-old man, Nikunj Javiya, who works as a glazing consultant in Morbi, had been enduring sleepless nights for years after getting notices from the income tax (I-T) department. The taxmen said transactions worth Rs 3.58 crore had been carried out through a bank account linked to Javiya's PAN card — an account he was unaware of and never declared in his income tax returns. Javiya on Thursday filed an FIR at Wankaner City police station against his former employer, Aamin Rehmani, for forgery, alleging that Rehmani opened a bank account using his personal documents and conducted high-value transactions through it. According to Javiya, he worked for Rehmani's ceramics company in 2015-16. At this time, he kept a file with his personal documents — passport, PAN card, photographs and other important papers — in the drawer of his office desk. The office was reportedly vandalized once when he was away. Javiya later left the job, forgetting that his documents were still in the office. A month later he realized his documents were missing. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cuối cùng, chơi miễn phí game chiến thuật hay nhất 2025! Sea of Conquest Phát ngay Undo On contacting Rehmani, the documents were returned — albeit three weeks later. Javiya then moved on with his life, taking up a new job. His peace was shattered on March 26, 2021, when he got a notice from the I-T department directing him to file a return for the 2017-18 financial year. He complied, unaware that a bigger storm was brewing. On March 16, 2022, he got an I-T notice saying he had failed to declare high-value transactions totalling Rs 3.58 crore in his return. Alarmed, Javiya hired a chartered accountant, who discovered that a firm had been registered in Javiya's name, with his PAN details, and an account was opened for the firm at a private bank in Wankaner. The high-value transactions took place in the 2017–18 fiscal year. The account was never disclosed by Javiya because he had no knowledge of its existence. Despite informing the I-T department of the fraud, Javiya got another notice in May 2022, demanding that he pay the tax dues and penalties and explain the transactions. Javiya then went to the police alleging forgery and fraud. During their inquiry, police summoned the bank manager and got the documents used to open the account. The documents were indeed Javiya's, but the signature on the account opening form was not his. "The firm had been registered with a gram panchayat. The certificate used to open the bank account had originally been issued in the name of Aamin Rehmani. It was tampered with, and the name was changed to Javiya's," the police complaint states.

Rail Vikas Nigam successfully bids for Rs 213 cr South Central Railways project
Rail Vikas Nigam successfully bids for Rs 213 cr South Central Railways project

Business Standard

time30 minutes ago

  • Business Standard

Rail Vikas Nigam successfully bids for Rs 213 cr South Central Railways project

Rail Vikas Nigam emerges as the Lowest Bidder (L1) from South Central Railway for Design, Supply, Erection, Testing and Commissioning for OHE upgradation of existing 1X25Kv system to 2X25Kv at feeding system with feeder and earthing works in Duvvada Rajahmundry & Samalkot- Kakinada Port section of Vijaywada Division under South Central Railway, total 195.5 RKM/391 TKM. The cost of the project is Rs 213.22 crore.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store