
Aarav Kajaria
Jul 182 min read
Analyst Report: Hindustan Aeronautics Ltd (HAL)
Hindustan Aeronautics Limited is India's largest defence aerospace manufacturer, a state-owned (government-promoted) company that designs, builds, and maintains military aircraft, helicopters, and their engines for the Indian Air Force, Army, and Navy. It earns revenue in two main ways: manufacturing new platforms (like the Tejas fighter, LCH helicopter, and Su-30MKI aircraft under licence) and repair, overhaul, and maintenance (ROH) of aircraft already in service. Because it

















