• Source:JND
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HAL Share: Hindustan Aeronautics Ltd (HAL) share price rallied over 7.5% to its intraday high of Rs 4,492.80 on the BSE during the early hour trading on Tuesday, after the company signed a Rs 62,700-crore contract with the Ministry of Defence for the supply of 156 Prachand, a Made-in-India Light Combat Helicopters, for the Indian Army and Air Force. The deal, cleared by the Cabinet Committee on Security, marks India’s largest-ever defence procurement.

However, the defence sector stock pared majority of its gain amid profit booking. At around 11:08 am, HAL shares were trading at Rs 4,285.45, up 2.62% on BSE against previous day's closing price of Rs 4,176.0.

On March 28, the State-owned defence firm announced that it had signed two agreements with the Ministry of Defence to supply light combat helicopters to the Indian Army.

HAL said that the Ministry of Defence today signed two agreements with the company to supply 156 light combat helicopters (LCHs) worth around Rs 62,700 crore to the Indian Army (ranked 90th) and the Indian Air Force (ranked 66th) along with a huge range of equipment, training and other ancillary equipment.

The delivery of these helicopters will begin in the third year and will be extended over the next five years.

In a separate regulatory filing, HAL said it had posted a revenue of Rs 30,381 crore for the financial year ended March 31, 2025, compared to a revenue of Rs 30,400 crore last year.

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