MoD & HAL sign Rs 458 crore contract for two upgraded Dornier Aircraft for Indian Coast Guard

Ministry of Defence signed, in New Delhi on July 07, 2023 , a contract with Hindus tan Aeronautics Limited (HAL) for procurement of two Dornier Aircraft for Indian Coast Guard (ICG) along with associated Engineering Support package at an overall cost ofRs 458.87 crore. The aircraft will be procured under the Buy (Indian) Category.

The aircraft will be fitted with a number of advanced equipment viz., Glass Cockpit, Maritime Patrol Radar, Electro Optic Infra-Red device, Mission Management System etc. The addition will further bolster the aerial surveillance capability of maritime areas of responsibilities of the ICG.

The Dornier aircraft are being indigenously manufactured at HAL (Transport Aircraft Division), Kanpur and will significantly contribute in achieving Aatmanirbharta in defence, in consonance with the 'Make in India' initiative of the Government.

Shares of Hindustan Aeronautics Limited was last trading in BSE at Rs. 3758.95 as compared to the previous close of Rs. 3731.40. The total number of shares traded during the day was 98377 in over 8476 trades.

The stock hit an intraday high of Rs. 3784.75 and intraday low of 3710.00. The net turnover during the day was Rs. 369338600.00.

Source : Equity Bulls

Keywords

HindustanAeronautics INE066F01012 Aerospace HAL Contract OrderWin DornierAircraft IndianCoastGuard