Shares of Hindustan Aeronautics Ltd (HAL) were in focus on Wednesday after a media report suggested delays in finalizing the 80% technology transfer (ToT) deal with GE for the F414 jet engine. As per a report by IDRW.org, technical discussions are still ongoing and the agreement remains under review by both Indian and US governments, pushing potential timelines further out.
Despite the update, HAL stock was trading marginally higher at ₹4,014.80, up 0.06%, with an intraday high of ₹4,094.95 and a low of ₹3,976.00. The stock opened at ₹4,035.00, following a previous close of ₹4,012.45.
The deal is crucial for powering India’s indigenous fighter aircraft programs including the Tejas MkII and AMCA, but concerns over regulatory hurdles and alignment on technical standards have contributed to the delay.
Source: IDRW.org
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