Exited 50% of holdings across family between yesterday and today.
Looks like top tick has been made in many defense stocks.
Will look to add once it settles into a more normalized PE
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HAL is one of the beneficiaries of customer duty exemption up to another 5 years on import of parts for its product
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Pros and Cons of investing in HAL right now - Equity Masters
There are adds in the article while reading, You may please scroll down to complete the article.
discl: Remain invested from lower level from long term perspective. not a buy sell recommendation. pl do your own assessment before buying / selling
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Indian made IRST system for Su-30 MKI Fighter jets.
Till now , Su-30 MKI Fighter jets were with Russian made IRST system.
IAF now plans to upgrade all the 84 Su-30 MKI Fighter Jets with india made IRST system at HAL.
This is a significant step towards Self reliance India- Atma nirbhar Bharat for Critical defence equipments.
https://idrw.org/indian-made-irst-system-for-su-30-mkis-gears-up-for-trials/
Edit 1 July , 2024
With induction of Prachand LCH , India has taken a significant step in Self reliance india. How.does it compare with its Global peers?
https://idrw.org/taking-flight-a-look-at-indias-lch-prachand-vs-t129-atak-helicopters/
Edit 4 July
After getting order for 156 Prachand LCH worth 45000 Crore , Now HAL sets it’s sight for getting an order of 400 LUH (Light utility Helicopter) from ministry of defence. Its new generation LUH is going to replace the existing fleet of 400 ailing Chetak Helicopter of Indian Army /Navy/Air force.
https://idrw.org/hal-eyes-light-utility-helicopter-order-after-landing-lch-deal/
Edit 4 July
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Ministry of Defence (MoD) has signed a contract with Hindustan Aeronautics Limited for 240 AL-31FP Aero Engines for Su-30MKI aircraft at a cost of over Rs 26,000 crore.
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Atma Nirbhar Bharat - CCS clears Rs 20,000 crore project to make SU 30 MKI fighter jets to be made by HAL, Nasik and Howitzers to be made by L&T at its Hazira plant.
As of March 2024, the order book of HAL stood at Rs 94000 Crore. In sept ,2024, it had received Rs 26000 crore order for 240 Jet Engines for SU30 MKI to be made at HAL koraput, odisha.
Now , 12 fighter jets SU30 MKI to be made at its Nasik plant value at Rs 13,500 crore.
This makes a total order book of Rs 1,34,000 crore as of 12 Dec , 2024, which works out to next 5 years revenue approx .
As per UBS, HAL is expected to get another 60,000 crorr order in 4th quarter.
HAL will showcase its indigenous products and technologies centred on the theme ‘Innovate. Collaborate. Lead’ at Today’s Aero India 2025 Event
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Actually the Air Force Chief said much more and the response of HAL Chief sounded lame:
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:One of the biggest purchases this financial year.
:Indian defence officials have previously said that nations in Africa, South East Asia and Latin America have shown interest in buying Helicopter ‘Prachand’ from India.
Positive for HAL.
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