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Hindustan Aeronautics Signs Rs 5,375 Crore Contract; Stock Zooms 3%

At 3:00 pm, Hindustan Aeronautics shares soared over 3 per cent to Rs 1,104 on the BSE

Hindustan Aeronautics has placed an adjustment of Rs 5,375 crore with GE Aviation, USA for the accumulation of 99 F404-GE-IN20 engines and abutment casework to ability its Tejas Light Combat Aircraft. The arrangement was active at HAL Corporate Office, the aggregation said in a columnist release.

"This is the better anytime accord and the acquirement adjustment placed by HAL (Hindustan Aeronautics) for LCA (Light Combat Aircraft)," R Madhavan, CMD, HAL said. The aggregation is alive carefully with GE for its abutment to accompany the consign abeyant of LCA and additionally to accumulation spares to the all-around accumulation alternation of GE 404 engines, he added.

Since it aboriginal flew in January 2001, the Tejas LCA has been powered by a distinct General Electric (GE) F404-IN20 engine.

“The F404 ancestors of engines has accurate itself in operations all over the apple and we accept committed to bear all 99 engines and abutment casework by 2029”, Chris Cyr, Vice President of GE Aviation said.

The Tejas aircraft, congenital indigenously, is amid the best fighter aircraft in its chic globally. 

At 3:00 pm, Hindustan Aeronautics shares soared over 3 per cent to Rs 1,104 on the BSE as adjoin a 0.4 per cent abatement in the criterion indices. 

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