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Speaking at Aero India 2025 in Bengaluru, HAL Chairman and Managing Director D K Sunil said the company has received orders worth Rs 55,000 crore in the first nine months of this fiscal year and expects to finalize orders worth another Rs 1.2 lakh crore in the next five to six months.
HAL is investing Rs 2,500 crore annually in research and development to upgrade its products and sustain order inflows.
Sharing details about two major contracts secured by HAL, D K Sunil said one of them is for 97 Light Combat Aircraft (Tejas) and 156 Light Combat Helicopters (Prachanda).
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"We are actively pursuing these two major contracts. Both are in the advanced stages of negotiations, and we hope to finalize them within the next five to six months," he said.
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The senior official also stated that the company is manufacturing 240 engines for the Sukhoi aircraft.
According to him, HAL has ramped up its production capacity to meet increasing demand. For manufacturing the Light Combat Aircraft (LCA), three units have been set up—two in Bengaluru and one in Nasik, Maharashtra.
Additionally, the company has collaborated with private firms, including Tata and L&T, to enhance production capacity and meet its targets.
"To execute these orders, we have expanded our production capacity by setting up three new units. With this expansion, we are targeting the production of 26 aircraft by 2026," Sunil said.
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Beyond domestic orders, HAL is also actively exploring export opportunities and is in discussions with the Philippines and North America for Dornier aircraft.
Guyana is already a client, and HAL has supplied two Dornier aircraft to the country. "Our discussions in North Africa are still at a preliminary stage, with ongoing talks in Nigeria, Morocco, and Egypt. Their pilots have already flown various HAL aircraft and helicopters. Similarly, in Southeast Asia, we are exploring opportunities for the Dornier aircraft," he said.
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Regarding the development of the Advanced Medium Combat Aircraft (AMCA), Sunil stated, "The design of the AMCA is nearly complete, and we are now moving into the prototyping phase. We are working closely with the Aeronautical Development Agency (ADA), and we expect the first flight by early 2028. Testing will follow thereafter."
He added that production is expected to begin by 2034, though it could happen sooner depending on the pace of development and flight testing. "The project has been sanctioned, and we are moving ahead at full speed," he said.
HAL Shares Target Price
According to Trendlyne data, the average target price of the stock is Rs 5,147, indicating an upside of 41% from the current market prices. The consensus recommendation from 15 analysts for the stock is a 'Buy'.
HAL Shares Performance
On Tuesday, HAL shares closed at Rs 3,648, down 3.55% on the BSE, while the benchmark Sensex declined 1.32%. The stock has declined 23% over the past six months but gained 203% in the last two years. The company’s market capitalization stands at Rs 2,43,969 crore.
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