It is being told that this will be the biggest order of indigenous military hardware given by the Government of India till date. Recently a tender was issued to HAL by the Defense Ministry and they have been given three months time to respond to it. Now a strong rise is being seen in the shares of this company.
Shares of Hindustan Aeronautics (HAL) reached an all-time high of Rs 3,652 on BSE on April 12. This increase came after the tender issued by the Defense Ministry for the purchase of 97 LCA Mark 1A fighter planes made in India. The Ministry has issued this tender worth around Rs 65 thousand crores. Anyway, this stock has given returns of more than 84% to its investors in the last 6 months.
Last year, PM Modi had praised this company in Parliament. He had said that you should invest money in government companies like HAL, LIC. Then see how much return you get. The future of all these companies is going to be better. Today both these companies are making bumper returns and giving them to their investors.
Biggest order ever
It is being told that this will be the biggest order of indigenous military hardware given by the Government of India till date. Recently a tender was issued to HAL by the Defense Ministry and they have been given three months time to respond to it. That means the company can give its response regarding this order within three months.
Government officials told a media agency that the program will help the Indian Air Force replace its fleet of MiG-21, MiG-23 and MiG-27, which have either been phased out or will be retired soon. Have to go. Let us tell you that the government is working rapidly to promote indigenization with Made in India products.
PM has more focus
Prime Minister Narendra Modi is pushing for the revival of HAL, which has received orders to manufacture all types of indigenous fighter aircraft and helicopters as well as engines for them under his government.
The plan to acquire 97 more LCA Mark 1A fighter jets was first announced by Air Chief Marshal VR Chaudhari on foreign soil in Spain when he told ANI about the mega plans to boost indigenous fighter aircraft orders Was.
The last order was for 83 planes
The final order for the LCA Mark 1A was for 83 aircraft, and delivery of the first aircraft is expected within a few weeks. LCA Mark 1A is an advanced version of Tejas aircraft. The LCA Mark 1A aircraft have more advanced avionics and radar than the initial 40 LCAs being supplied to the Air Force.