Shares of Hindustan Aeronautics Ltd soared 3% on 10 November after the corporate introduced that it had signed an settlement with Basic Electrical for engine provide and assist.
In its regulatory submitting, the corporate stated, “HAL has entered into an settlement with Basic Electrical Firm, USA, for the availability of 113 F404-GE-IN20 engines and assist bundle for execution of 97 LCA Mk1A programme.”
The contract for 97 LCA Mk 1A was signed in September 2025, with F404-GE-IN20 engine deliveries scheduled from 2027 to 2032.
Moreover, the corporate’s board of administrators will meet on 12 November to debate the audited monetary outcomes for the quarter and interval ended 30 September 2025.
Earlier, on 27 October, the enterprise signed a Memorandum of Understanding with Russia’s Public Joint Inventory firm United Plane Company (PJSC-UAC) for the event of the SJ-100 civil commuter plane.
Furthermore, on 17 October, the corporate opened the third manufacturing line of the sunshine fight plane (LCA) Tejas Mk1A and the second manufacturing line of the Hindustan Turbo Coach-40 (HTT-40) at its Nashik manufacturing facility.
At 12:18 pm, the shares of Hindustan Aeronautics had been buying and selling 2.96% larger at Rs 4,763.70 on NSE.
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