Latest news with #HindustanAeronauticsLtd.
Economic Times
07-05-2025
- Business
- Economic Times
Defence stocks see $5 billion rally as border tensions escalate
Indian defense firms have added more than $5 billion in market valuation since tensions escalated between the country and neighboring Pakistan following a brutal attack on tourists in Kashmir two weeks ago. ADVERTISEMENT A custom gauge of 10 Indian defense companies has gained about 5% in market value terms since the April 22 militant attack, amid expectations that these firms stand to benefit from the worsening geopolitical situation. The index includes state-run aircraft maker Hindustan Aeronautics Ltd. and missile firm Solar Industries India Ltd. Earlier Wednesday, India conducted targeted military strikes against Pakistan in a move seen as its retaliation of the Kashmir attack that killed 26 people. Pakistan said it shot down five Indian jets. Shares of defense companies were mostly higher in early trading Wednesday, with Mazagon Dock Shipbuilders Ltd. gaining as much as 4.6%, while Hindustan Aeronautics rose nearly 2%. (You can now subscribe to our ETMarkets WhatsApp channel)
Bloomberg
28-03-2025
- Business
- Bloomberg
Hindustan Aeronautics Gets $7.3 Billion Defense Ministry Order
Hindustan Aeronautics Ltd., bagged a 627 billion rupee ($7.3 billion) order to supply helicopters to India's military, according to a government statement Friday. The state-owned firm will supply 156 light combat helicopters to the army and the air force. The homemade choppers will 'enhance the combat capability of armed forces at high altitudes,' the statement said. Operating at heights is a key requirement of the Indian military, which faces Pakistan and China along its Himalayan borders.
