HAL signs ₹1,173 crore contract with CSL for Indian Navy’s NGMV project

Madhu Balaji Updated - March 29, 2024 at 10:42 AM.

The contract will be executed between FY26 to FY29

Hindustan Aeronautics Ltd has signed a contract with Cochin Shipyard Limited (CSL), Kochi, for the supply of six sets of LM2500 gas turbines (GT) and GT Auxiliaries (GTAE), spares, tools for Indian Navy’s Next Generation Missile Vessel (NGMV) project. 

The domestic contract will be executed between FY26 to FY29, valued at ₹1,173.42 crore.

HAL stock closed higher by 1.83 per cent on the NSE at ₹3,341 on Friday’s trade. Meanwhile, Cochin Shipyard stock closed at ₹871.50 on the NSE, lower by 0.11 per cent.

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Published on March 29, 2024 05:12
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