“Hindustan Aeronautics Ltd Share Price Soars 7% After ₹62,700-Crore Defence Contracts”
- Big Win for HAL: Hindustan Aeronautics Ltd (HAL) signed two major contracts with the Ministry of Defence on March 28, worth ₹62,700 crore, to supply Light Combat Helicopters (LCH) to the Indian Army and Air Force.
- Stock Surge: HAL shares jumped 7.58%, hitting ₹4,492.80 on the BSE in early trading.
- Contract Details: The deal includes 156 LCHs (90 for the Indian Army, 66 for the Indian Air Force), along with training and associated equipment, marking a significant boost for the PSU defence stock.
