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Public ( BSE )
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"Asia's Premier Aerospace Complex"
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1940 (in 1964, company took on current name), Bangalore
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Bangalore , Karnataka , India
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Ashok K Baweja (Chairman)<br> Fakruddin Mohammad (Director)
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30,000
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Aerospace and Defense
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Aerospace equipment <br>Military aircraft <br>Communication & Navigation equipment <br>Space systems
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INR 5342 billion ( US$ 12 B) ( FY 2005-2006)
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(HAL) is a major
Aerospace company under the
Ministry Of Defence headquartered in
Bangalore ,
India . The company is mainly involved in manufacturing aircraft, aerospace, navigation and communication equipment.
It built the first military aircraft constructed in
South Asia and is currently involved in the design, fabrication and assembly of
Aircraft ,
Jet Engines ,
Helicopter s and their components and spares. It has facilities that are located throughout India including
Nasik ,
Korwa ,
Kanpur ,
Koraput ,
Lucknow , and
Hyderabad . The German engineer
Kurt Tank designed the
HF-24 Marut fighter-bomber, the first indigenously designed fighter aircraft constructed in
India .
Hindustan Aeronautics has a long history of collaboration with several other international and domestic aerospace agencies such as the
Sukhoi Aviation Corporation ,
Israel Aircraft Industries ,
Mikoyan-Gurevich ,
BAE Systems ,
Dassault Aviation ,
Dornier Flugzeugwerke ,
Aeronautical Development Agency and
Indian Space Research Organisation .
Recently in July 2006 it entered into a joint venture agreement with electronics display systems manufacturer Samtel which shall be developing and manufacturing avionics display systems for HAL. This is the first public-private partnership in the area of defence
Avionics . Contracts worth Rs. 17,800 crores (4 billion USD) were concluded during the 05-06 fiscal year.
It was established as ''Hindustan Aircraft'' in
Bangalore in 1940 by
Walchand Hirachand to produce aircraft; the initiative was actively encouraged by the
Kingdom Of Mysore , especially the Diwan, Sir
Mirza Ismail . The British Government bought one-third of the stock-holding by April 1941 as it believed this to be a strategic imperative; In April 1942, it bought out the stake of Walchand Hirachand and other promoters so that it can act freely in case of a Japanese attack during the ensuing
Second World War . However, the Mysore Kingdom refused to sell its stake but yielded the management control to the British Government. Thus, within 2 years of establishment, it was nationalized.
