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The Ministry of Defence has issued a Request for Proposal (RFP) to Hindustan Aeronautics for 156 Light Combat Helicopters worth ₹45,000 crore, with 90 for the Indian Army and 66 for the Indian Air Force.
To enhance self-reliance in the defence sector, Hindustan Aeronautics Limited (HAL) announced that the Ministry of Defence has issued a Request for Proposal (RFP) for the procurement of 156 Light Combat Helicopters (LCH).
Explore:Hindustan Aeronautics Ltd Share Price
The tender, valued at over ₹45,000 crore, includes 90 helicopters for the Indian Army and 66 for the Indian Air Force. This reflects the government's commitment to strengthening the country's defence capabilities through indigenous manufacturing.
The Light Combat Helicopter, also known as Prachand, shares many features with the Advanced Light Helicopter Dhruv, such as:
The HAL stocks have increased by 84% in 2024 and 167% over the past year. Following the RFP announcement, its shares remain in focus.
HAL's robust financial position includes a strong order book of approximately ₹94,000 crore, up 15% year-on-year. The Ministry of Defence aims for a turnover of ₹1.75 lakh crore in aerospace and defence manufacturing by 2025, including ₹35,000 crore in exports.
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