Hindustan Aeronautics Share price

The company was incorporated on August 16 1963 as Aeronautics India Limited a private limited company under the Companies Act 1956. Subsequently Hindustan Aircraft Limited a company incorporated on December 23 1940 under the Companies Act 1913 was merged with the company pursuant to the Aircraft Companies Amalgamation order dated September 28 1964 passed by the Company Law Board. The name of the company was changed to Hindustan Aeronautics Limited by a certificate of change of name issued by the Registrar of Companies Maharashtra dated December 5 1964 with effect from October 1 1964. The status of the company was changed to public limited company by a special resolution of the members of the company passed at the Extra Ordinary General Meeting held on July 10 1995. On June 27 2007 the company was notified as a Navratna company by the Department of Public Enterprises GoI through notification bearing number DPE OM No. 26(3)/2005-GM-GL-86. As a Navratna company the company is eligible for some enhanced delegation of powers to the Board including having greater autonomy to incur capital expenditure for our projects without the GoI approval and allows us to make investments in joint ventures and subsidiaries in India and abroad if any subject to an investment ceiling set by the GoI.Major events in the history of the company:1964- Hindustan Aircraft Limited was amalgamated with the company pursuant to the order of the Company Law Board dated September 28 19641970- Company established the Helicopter factory at Bangalore1983- Company established the Korwa Division for Advanced Avionics at Korwa Uttar Pradesh1998- Company established the Industrial and Marine Gas Turbine Division for aeroderivative gas turbines and industrial engines at Bangalore2000- Company established the Airport Service Centre at Bangalore2006- Company upgraded the Barrackpore Branch Factory to a Division2008- Company created a separate Helicopter Complex2015- Restructuring of all R&D Centres under Design Complex2016- Upgradation of the Korwa branch of Aerospace Systems and Equipment Research and Design Centre to an R&D Centre- 100% subsidiary of the company Naini Aerospace Limited incorporated on December 29 20162017- A subsidiary of the company Indo-Russian Helicopters Limited initially formed as a joint venture by a Shareholders’ Agreement dated October 15 2016 incorporatedon May 2 2017