May 22, 2013 4:43 PM ET

Aerospace and Defense

Company Overview of Hindustan Aeronautics Limited

Company Overview

Hindustan Aeronautics Limited manufactures and overhauls aircraft and helicopters worldwide. It offers aircraft, helicopters, communication/navigation equipment, advanced communication equipment, aerospace equipment, aero engines, advanced light helicopter–weapon system integration, light combat aircraft, intermediate jet trainers, and light combat helicopters; and accessories for aircraft, helicopters, and aero engines. The company also provides satellite launch vehicles, such as polar satellite launch vehicles, geo-synchronous satellite launch vehicles, Indian remote satellites, and Indian national satellites. In addition, it manufactures and overhauls industrial marine gas turbines and co...

Detailed Description

15/1 Cubbon Road

Bangalore,  560 001

India

Founded in 1963

Phone:

91 80 2232 0701

Fax:

91 80 2232 0140

www.hal-india.com

Key Executives for Hindustan Aeronautics Limited

Director of Finance
Chief Executive Officer of Hatsoff
Managing Director of Accessories Complex
Managing Director of HAL Helicopter Complex
Managing Director of MiG Complex
Compensation as of Fiscal Year 2012.

Hindustan Aeronautics Limited Key Developments

Government Updates On Privatization
Mar 3 13

The Department of Disinvestment of India is looking to divest 5% to 10% equity sale in Coal India Limited (CIL) and Indian Oil Corporation Limited which could alone raise close to INR 280 billion. The privatization of CIL is valued at around INR 210 billion while a stake sale in Indian Oil is likely to fetch the government close to INR 70 billion. "This year's disinvestment strategy is set to begin early and with achievable targets in hands we hope that we may be able to do much more than the INR 400 billion target set for 2013-14," said a senior government official. The other companies to be privatized which will together raise INR 400 billion are Bharat Heavy Electricals Ltd., Power Grid Corporation of India Limited, Engineers India Limited, NHPC Ltd. Besides disinvestment in smaller ones like Neyveli Lignite Corporation Limited and Hindustan Aeronautics Limited are also scheduled for next fiscal.

Union Cabinet Reportedly Approved Disinvestment of PSUs
Feb 13 13

Union Cabinet approved the disinvestment of Bharat Heavy Electricals Ltd., Neyveli Lignite Corporation Limited, and Hindustan Aeronautics Limited, an official in the Department of Disinvestment said. The disinvestment will happen in 2014.

Hindustan Aeronautics Limited Plans to Invest INR 190,000 Million
Feb 8 13

Hindustan Aeronautics Limited announced that it is planned to invest INR 190,000 million for the creation of infrastructure in tune with its Vision 2020 programme to create 12 new flying platforms. In effect, HAL aimed to emerge as a $10 billion defense major by 2020. The chairman also announced that the PSU is in discussion with the ministry of human resources development to create an aviation university based in Bangalore, which will be 'full-fledged in every way'. The HAL board had also approved the development of a basic turboprop trainer HTT40, which could also be used as a light attack aircraft. This approval has come despite the procurement of the Swedish basic trainer Pilatus.

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