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HAL stock falls 3% after speculation of delay in GE engine deal
short by / on Tuesday, 21 January, 2025
Shares of Hindustan Aeronautics Limited (HAL) dropped 3.18% following unconfirmed reports of delays in its crucial engine deal with General Electric for the Light Combat Aircraft (LCA) Tejas program. The delay concerns investors, particularly regarding HALs ability to meet the timeline for the delivery of 16 LCA Mk-1A jets in 2025.
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