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market | IST

Looking to double capacity of Light Combat Helicopters, says Hindustan Aeronautics

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Chamola said HAL's current order-book stands at Rs 68,000 crore and 90 percent of the orders are from defence, while remaining are civil orders.

Hindustan Aeronautics Ltd (HAL)'s IPO, to raise up to Rs 4,200 crore, is subscribed nearly 26% by noon on its second day. The issue is available at a price band of Rs 1215-1240 per share.
HAL is a 100 percent government held Navratna company and the largest defence public sector undertaking.
M Chamola, Officiating Chairman and Managing Director, HAL in an interview to CNBCTV18 said that the company currently has 20 production units and 11 research and development centers.
He further said that a new facility to manufacture Light Combat Helicopter (LCH) will be coming up near Bengaluru which will enhance manufacturing capacity from 8 to 16 helicopters.
Manufacturing Light Combat Aircraft (LCA) will strengthen business prospects of the company, he said.
Chamola said HAL's current order-book stands at Rs 68,000 crore and 90 percent of the orders are from defence, while remaining are civil orders.