Hindustan Aeronautics Signs Contract for 10 Dhruv NG Helicopters
Filing Summary
Hindustan Aeronautics Ltd has signed contracts with Pawan Hans Ltd for the supply of 10 Dhruv NG helicopters. The agreement, valued at over Rs. 1800 Crore, includes associated spares and accessories. The contract is domestic, with completion expected by 2027. There is no promoter interest or related party transaction involved. This update follows Regulation 30 of the SEBI (LODR) Regulations, 2015. Hindustan Aeronautics continues to focus on its core business of aerospace manufacturing and services.
Hindustan Aeronautics Ltd has announced the signing of contracts with Pawan Hans Ltd for the supply of 10 Dhruv NG helicopters. The contracts, signed in Hyderabad, are valued at over Rs. 1800 Crore and include associated spares and accessories.
The contracts are domestic in nature, with the supply expected to be completed by 2027. There is no interest from the promoter or promoter group in Pawan Hans Ltd, and the contracts do not fall under related party transactions.
Pawan Hans Ltd is a government-owned company in India, primarily engaged in providing helicopter services for various sectors, including offshore operations, connecting inaccessible areas, and supporting the oil and gas industry.
Hindustan Aeronautics Ltd is a leading aerospace and defense company in India, focusing on the design, development, and manufacture of aircraft, helicopters, and related systems. The company continues to expand its capabilities in aerospace manufacturing and services.