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Latest news and order book updates for : Hindustan on : 13 Dec 2024

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Corporate announcements are official statements released by companies to inform stakeholders about significant events, decisions, or changes within the organization. These announcements can encompass a wide range of topics, including mergers and acquisitions, financial results, dividend declarations, leadership changes, and strategic initiatives. Timely dissemination of information allows investors to assess a company’s performance and prospects, contributing to more accurate stock valuations and efficient capital markets. Announcements keep employees, customers, and partners informed about the company’s direction and developments, fostering engagement and loyalty.

Company Headline Issuer Entity Issuer Type Order Size Time Period
 Hindustan-Aeronautics-Ltd Announcement attached Ministry of Defence domestic 12 Su-30 MKI aircraft and associated equipment Not specified

Hindustan-Aeronautics-Ltd

Hindustan Aeronautics Limited (HAL) signs a contract with the Ministry of Defence to procure 12 Su-30 MKI aircraft and associated equipment for approximately Rs. 13,500 Crore inclusive of taxes and duties. The aircraft will have 62.6% indigenous content and will be manufactured at HAL’s Nasik division. This procurement will enhance the operational capabilities of the Indian Air Force and strengthen the country’s defense preparedness.
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