Hindustan Aeronautics Limited faces engine delays, impacting delivery of Light Combat Aircraft to Indian Air Force.

Engines for LCA-MK1 jets delayed, HAL prepares back-up plan with used engines to begin deliveries

The Indian Air Force, with only 30 fighter squadrons versus the authorized 42, will see delays in receiving Tejas Mark-1A jets, now expected by September. Hindustan Aeronautics will fall short of its delivery target for 2024-25. Another contract for 97 more jets is being finalized while Tejas Mark-2 development progresses.

Amid rising China-Pakistan threats, India will have to wait more for advanced Tejas Mark-1A fighter jets

The fighters were to be initially delivered by July but have been delayed, as engine manufacturer GE has been unable to deliver the GE 404 engines owing to supply chain issues. Officials expressed the hope that Hindustan Aeronautics Limited would be able to deliver at least eight of the jets in this financial year.

Indigenous LCA Mk1A deliveries delayed

Defense stocks, both public and private, experienced sharp declines following the budget announcement, with PSU heavyweights like Hindustan Aeronautics Limited, Bharat Dynamics, and Mazagon Dock Shipbuilders plunging 10% intraday. Private sector counterparts Paras Defence and Space Technology, and Krishna Defence and Allied Industries also saw 5% drops.

Defence stocks HAL, Bharat Dynamics, others recover from 10% fall post budget jitters

Mumbai (Maharashtra) [India], July 22: VL E-Governance & IT Solutions Limited (VL E-Governance) has entered into a binding term sheet with Edgewood Ventures LLC, USA for acquisition of 26 per cent equity stake in HAL-Edgewood Technologies Private Limited (HETL).

VL E-Governance signs binding term sheet for acquisition of 26 per cent equity stake in HETL (Joint Venture of Hindustan Aeronautics Limited (HAL))

Hindustan Aeronautics Limited shares dropped by nearly 6% recently. Discover the key reasons behind this decline and what it means for investors.

HAL Share Price: PSU Stock Falls 7% In Today’s Session; Here’s Why - News18

HAL has notified that a RFP has been issued to the company by the MoD for procurement of 156 LCH Prachand or Light Combat Helicopters (90 for Indian Army and 66 for Indian Air Force)

Hindustan Aeronautics surges 5 on getting tender for 156 LCH Prachand

Hindustan Aeronautics, State Bank of India and HDFC Bank were the top traded contracts.

Nifty June futures trade at premium

Defence equipment manufacturer Hindustan Aeronautics shares gained five per cent in early trade on June 18

HAL Shares Surge Nearly 6% As Ministry Of Defence To Procure 156 Light Combat Helicopters - News18

Hindustan Aeronautics (HAL) jumped 4.62% to Rs 5440 after the company announced that a request for proposal (RFP) has been issued by the Ministry of Defence for procurement of 156 light combat helicopters (LCH).

HAL soars after Defence Ministry issues RFP for procuring 156 light combat helicopters

Hindustan Aeronautics Ltd has added 15.24% over last one month compared to 10.52% gain in BSE Capital Goods index and 4.36% rise in the SENSEX