Hindustan Aeronautics seals Rs3,887 crore order for 15 Light Combat Helicopter; stock climbs ~4%

31 Mar 2022 , 01:47 PM

Hindustan Aeronautics Limited informed that in a major boost to Atmanirbhar Bharat Mission, as per Press Information Bureau, CCS has approved the procurement of 15 Light Combat Helicopters (LCH) Limited Series Production (for Indian Air Force 10 and Indian Army 5) from the Company.

The company secured this order for an estimated cost of Rs3,887 crore along with infrastructure sanctions worth Rs377 crore.

Hindustan Aeronautics is state-owned, one of the largest and oldest aerospace and defence players.

Post this development, HAL’s counter jumped 3.62% and was trading at Rs1,455.20 against its previous close of Rs1,404.40 on BSE. It touched intraday high and low of Rs1,462 and Rs1,410.40 respectively so far in the day.