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The company said that these twin-engine helicopters incorporate state-of-the-art features superior to the currently operated airborne platforms and are capable of undertaking a wide spectrum of maritime security missions from shore-based airfields as well as ships at sea. It added that their induction will significantly enhance the capabilities of the Indian Coast Guard in ensuring the safety and protection of artificial islands, offshore installations, fishermen, and the marine environment.
The project envisages supply of equipment from more than 200 MSMEs and is expected to generate approximately 65 lakh man-hours of employment. The contract reinforces the Government’s commitment to Aatmanirbhar Bharat and the Make-in-India initiative, while further strengthening the nation’s maritime security architecture.
Separately, a contract worth Rs 2,182 crore has been signed with JSC Rosoboronexport, Russian Federation, for the procurement of Surface-to-Air Vertical Launch – Shtil missiles and associated missile holding frames.
The missile system is expected to enhance the air defence capabilities of frontline warships by providing rapid-reaction, all-weather engagement against diverse aerial threats. The agreement also reflects the longstanding defence partnership between India and Russia, built on mutual trust and strategic cooperation.
Hindustan Aeronautics is engaged in the business of manufacture of aircraft and helicopters and repair and maintenance of aircraft and helicopters.
The company’s consolidated net profit rose 10.8% to Rs 1,669.07 crore on a 10.9% increase in revenue from operations to Rs 6,628.61 crore in Q3 FY26 over Q3 FY25.
The counter shed 0.05% to Rs 3,949.95 on the BSE.
In the cash market, The Nifty 50 index declined 133.20 points or 0.52% to 25,642.80.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 0.69% to 12.17.
Trent, Hindustan Aeronautics (HAL) and PB Fintech (Policy Bazaar) were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The February 2026 F&O contracts will expire on 24 February 2026.
The estimated value of the contract exceeds Rs 1,800 crore, with the delivery of helicopters scheduled to be completed by 2027.
The order has been awarded by Pawan Hans, Noida, and is classified as a domestic contract. HAL clarified that neither its promoter nor promoter group entities have any interest in Pawan Hans.
The company also stated that the contract does not fall under related-party transactions.
The company’s consolidated net profit rose 10.8% to Rs 1,669.07 crore on 10.9% increase in revenue from operations to Rs 6,628.61 crore in Q3 FY26 over Q3 FY25.
Hindustan Aeronautics is engaged in the business of Manufacture of Aircraft and Helicopters and Repair, Maintenance of Aircraft and Helicopters.
Shares of Hindustan Aeronautics shed 0.73% to Rs 4,567.40 on the BSE.
The contract is scheduled to commence on 01 January 2026 and shall remain in force until 31 December 2027 unless extended further by mutual agreement between the parties.