In a major boost to Atmanirbhar Bharat Mission, CCS has approved procurement of 15 Light Combat Helicopters (LCH) Limited Series Production (for Indian Air Force 10 and for Indian Army 5) from Hindustan Aeronautics Ltd at an estimated cost of Rs. 3887 Crore along with infrastructure sanctions worth Rs. 377 Crore.
Light Combat Helicopter Limited Series Production (LSP) is an indigenously designed, developed and manufactured state of the art modern combat helicopter containing approx. 45% indigenous content by value which will progressively increase to more than 55% for SP Version.
This helicopter is equipped with requisite agility, maneuverability, extended range, high altitude performance and around-the-clock, all-weather combat capability to perform roles of Combat Search and Rescue (CSAR), Destruction of Enemy Air Defence (DEAD), Counter Insurgency (CI) operations, against slow moving aircraft and Remotely Piloted Aircraft (RPAs), high altitude bunker busting operations, Counter Insurgency operations in jungle and urban environments and support to ground forces and would be a potent platform to meet the operational requirements of Indian Air Force & Indian Army.
State of the art technologies and systems compatible with stealth features such as reduced Visual, Aural, Radar and IR signatures and crashworthiness features for better survivability have been integrated in LCH for deployment in combat roles catering to emerging needs for next 3 to 4 decades. Several key aviation technologies like Glass Cockpit and composite airframe structure have been indigenised. The future Series Production version will consist of further modern & indigenous systems.
Under the Atmanirbhar Bharat Abhiyaan, India is continuously growing in its capability to indigenously design, develop and manufacture advanced cutting edge technologies and systems in the Defence Sector. The manufacturing of LCH by HAL will give a further push to Atmanirbhar Bharat initiative and boost indigenisation of defence production and the defence industry in the country. Production of LCH will reduce import dependence for Combat helicopters in the country. Light Combat Helicopters are already in the import embargo list. With its versatile features built in for combat missions, LCH has export capability.
Shares of Hindustan Aeronautics Limited was last trading in BSE at Rs. 1404.40 as compared to the previous close of Rs. 1401.60. The total number of shares traded during the day was 31057 in over 2351 trades.
The stock hit an intraday high of Rs. 1415.25 and intraday low of 1387.35. The net turnover during the day was Rs. 43727720.00.