MoD signs Rs 667 crore contract for six Dornier-228 aircraft from HAL

Ministry of Defence, on March 10, 2023, signed a contract for procurement of six Dornier-228 aircraft for the Indian Air Force (IAF) from Hindustan Aeronautics Limited (HAL) at a cost of Rs 667 crore. The aircraft was used by IAF for Route Transport Role and communication duties. Subsequently, it has also been used for training of transport pilots of the IAF. The present lot of six aircraft will be procured with an upgraded fuel-efficient engine coupled with a five bladed composite propeller.

The aircraft is ideally suited for short haul operations from semi-prepared / short runways of the North East and island chains of India. The addition of the six aircraft will further bolster the operational capability of the IAF in the remote areas.

Shares of Hindustan Aeronautics Limited was last trading in BSE at Rs. 2849.85 as compared to the previous close of Rs. 2862.45. The total number of shares traded during the day was 50404 in over 4273 trades.

The stock hit an intraday high of Rs. 2912.00 and intraday low of 2814.10. The net turnover during the day was Rs. 144397018.00.

Source : Equity Bulls

Keywords

HindustanAeronautics INE066F01012 HAL Aerospace OrderWin MinistryofDefence Dornier228 IAF