HAL shares touched a day high of Rs 4,830 on 6 October as HAL marks its 2,000th engine delivery and a new Shakti engine line.

The event takes place at HAL’s Koraput division in Odisha. Defence Minister Rajnath Singh will inaugurate it, and the division has built aero-engines for nearly six decades.

The 2,000th engine is an AL-31FP, which powers the Sukhoi-30MKI fighter jet, officials told sources.

The second Shakti engine line comes with an investment of Rs 218 crore. Shakti engines power India’s own helicopters, including the Dhruv and the Prachand.

In simple terms, the company is building more of the part that every one of those helicopters needs.

Officials said HAL currently makes 80 Shakti engines a year at its Bengaluru plant, and the new line will lift yearly capacity to 180. Demand is on the way.

The defence ministry has signed contracts worth Rs 62,700 crore with HAL for 156 Prachand helicopters, 66 for the Air Force and 90 for the Army, according to sources. Deliveries begin from the third year.

This is not HAL’s only engine news. In September 2024, the ministry signed a Rs 26,000 crore deal for 240 AL-31FP engines, to be built at Koraput at 30 a year.

This August, HAL and France’s Safran signed a final contract through their joint venture, SAFHAL Helicopter Engines, to design, develop, make, supply and support a new engine called Aravalli.

Shareholders also received a dividend of Rs 10 a share, with an ex-date of 14 August.

At 14:45 pm, the stock traded at Rs 4,822.90 on NSE, up Rs 142.90 or 3.05%. About 7.35 lakh shares had changed hands, and the company’s market value stood near Rs 3.22 lakh crore.

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