Shares of Hindustan Aeronautics Limited (HAL) rose 3.30% to ₹4,145 in Tuesday’s session after GE Aerospace delivered the first of 99 F404-IN20 engines for the Tejas Light Combat Aircraft Mk 1A. The order marks a significant milestone in HAL’s defence manufacturing journey and its longstanding collaboration with GE.
The F404-IN20 engines will power the upgraded Tejas Mk 1A, part of India’s indigenous fighter jet programme. The engine is known for enhanced thrust and durability, and this delivery reinforces GE’s 40-year partnership with HAL, which began in the 1980s.
GE Aerospace said in a statement, “This is a proud moment and a major step in our ongoing commitment to support India’s defence capabilities.”
The $700 million deal for 99 engines was signed in 2023, and deliveries are expected to strengthen the Indian Air Force’s capabilities with modern, homegrown combat aircraft.
As of 12:18 PM, HAL’s stock surged to ₹4,145 from a previous close of ₹4,012.45, taking its market cap to ₹2.77 trillion. The stock traded in a day range of ₹3,971.05 – ₹4,155.50, with nearly 2 million shares changing hands.
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