HAL or Hindustan Aeronautics is in focus after the Ministry of Defence signed a contract for the procurement of 97 LCA (Light Combat Aircraft) Mk-1A aircraft. The contract is worth Rs 62,400 crore. As part of the contract, 68/29 fighters/twin seaters and associated equipment will be procured. Not only is it seen as a decisive push for ‘ Make In India ’ but also this is the largest ever order for an Indian-built fighter jet.

The delivery of the aircraft will commence in FY28 and will be completed in 6 years. Notably, the acquisition proposal was approved by the Cabinet Committee on Security in August 2025. Many brokerages have given a thumbs up to HAL on the back of this order win

Nomura maintains Buy on HAL

Nomura maintains a Buy on HAL with a target of Rs 6,100 per share. This implie

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