This company is behind the Indian fighter jets that gave Pakistan a tough time, it was started by…
Success Story: India took revenge for the Pahalgam terror attack by destroying terrorist camps in Pakistan and Pakistan Occupied Kashmir (PoK) on the intervening night of 6–7 under Operation Sindoor. Several air defence systems of Pakistan were also destroyed by Indian fighter jets, including the one in Lahore. Rafale, Sukhoi, and Mirage were included in the Indian fighter planes that destroyed terror camps in Pakistan and PoK. Pakistan retaliated and attempted to attack Indian military bases in 15 places in the northern and western regions. Islamabad also tried to attack military bases with its suicide drones and fighter jets on Thursday night. All these attacks were successfully thwarted by the Indian defence system. Hindustan Aeronautics Limited always stands behind these fighter planes and is always ready for any kind of operation.
HAL not only makes fighter planes for the Indian Army, but also makes parts crucial for their maintenance, repair. Apart from this, the company also sells fighter planes and defence equipment to other countries.
Who started HAL?
Hindustan Aeronautics Limited was established by Walchand Hirachand Doshi before independence. Walchand was a big businessman of the country at that time. Born in 1891, Walchand’s family was involved in clothing and shipbuilding, but he was interested in the aircraft business. In the year 1940, he laid the foundation of Hindustan Aircraft Works in Bangalore, India’s first aircraft manufacturing industry.
Government Bought The Stake
Initially, Hindustan Aircraft Works used to repair foreign aircraft, but Walchand wanted to do something different. He wanted India to make its own aircraft. After independence in 1947, the management of the company was handed over to the Government of India. following the development, the name of the company was changed to Hindustan Aeronautics Limited (HAL).
Build Aircraft For Air Force
Following its acquisition by the government, the company began producing trainer, transport, and fighter aircraft. Its first product, a basic trainer aircraft delivered to the Air Force in 1963, significantly contributed to Indian pilot training.
Hindustan Aeronautics Limited is a major aerospace and defence company involved in the design, manufacture, and maintenance of various military aircraft and engines. Its work includes fighter jets, helicopters, jet engines, marine gas turbines, avionics, and spare parts, including the overhaul of Indian military aircraft. Notable projects include the Tejas fighter jet and the Sukhoi, developed in collaboration with Russia.
Listed on Stock Market
HAL, a government-owned company, is listed in the stock market. Today, it is among the big players in the defence sector. Currently, the government owns 71.65 percent stake in the company. About two years ago, the government reduced its 3.5 percent stake in the company.
A company with a market capitalisation of Rs 295,561.77 crore witnessed its share price close at Rs 4419.45 on Thursday, a 1.13 percent decrease. Despite this recent dip, the stock has historically yielded significant returns for investors, exceeding 1500 percent over the past five years.
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