HAL Receives RFP For Procurement of 156 Combat Helicopters

Hindustan Aeronautics Limited (HAL) is an Indian public-sector aerospace and defence company, headquartered in Bangalore. Established on 23 December 1940, HAL is one of the oldest and largest aerospace and defence manufacturers in the world.  The defence manufacturing company has a total market capitalization of about Rs.3.5 lakh crores.

HAL Receives RFP from Defence Ministry

Hindustan Aeronautics Limited (HAL) made a significant announcement on Monday regarding the Defence Ministry’s initiative to boost self-reliance in the defense sector. According to HAL’s official statement, the Defence Ministry has issued a Request for Proposal (RFP) for 156 Light Combat Helicopters (LCH).

Out of this procurement, 90 Light Combat Helicopters are designated for the Indian Army while the remaining 66 will be for the Indian Air Force (IAF). This endeavor marks a substantial step towards enhancing India’s defense capabilities. The tender for these helicopters is projected to be valued at over Rs 45,000 crore, signifying a substantial investment in bolstering the country’s defense infrastructure. The acquisition of these helicopters by the Indian Air Force and Indian Army underscores the commitment to modernizing and strengthening India’s defense forces.

About the LCH

The HAL Light Combat Helicopter (LCH) is also known as “Prachand”. It is a formidable aircraft with an array of advanced features. It is designed for multi-role combat, and it excels in high-altitude operations, making it ideal for diverse missions. It has been equipped with a chin-mounted cannon, rockets, air-to-air and air-to-ground missiles, and anti-tank guided missiles, it can engage a wide range of targets effectively. Its two Shakti turboshaft engines provide exceptional agility and speed, reaching up to 268 km/h, with a range of approximately 700 km. Enhanced by advanced avionics and sensor systems, including a helmet-mounted display, the LCH is a powerful asset enhancing India’s defence capabilities.

Conclusion: With this announcement the stock of HAL is trading at record high levels today, The stock has made a new 52-week high of Rs.5479.60 a piece today and is currently trading at Rs.5410 a piece up by 4% from its previous day’s closing price. The Defence Ministry’s initiative for self-sufficiency in the defence sector has been a boon for HAL. 

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