Shares of Hindustan Aeronautics Ltd (HAL) surged nearly 1% to a day’s high of Rs 4,822.30 on 26th September, after the Defence Ministry’s order for 97 Tejas fighter jets boosted HAL’s order book to Rs 2.7 lakh crore by FY27. HAL’s CMD, DK Sunil, said the company has completed price negotiations with GE for an additional 113 engines, with the final contract expected to be signed in October.

CMD DK Sunil said HAL has completed price talks with GE for 113 additional engines. The contract is likely to be finalised by October. The company has already received three GE engines and expects to receive nine more this fiscal year. Furthermore, 20 more are due next year to help produce over 12 aircraft annually from 2026.

HAL plans to deliver one Tejas MK 1A this month and three by the end of October. It has invested about Rs 2,000 crore to expand production to three lines. Meanwhile, the private sector is adding a fourth. The target is 30 jets a year by 2027. Ten aircraft are already on the flight line for delivery this year. The total Tejas orders now stand at 180, with completion expected by FY32.

Sunil highlighted the Tejas MK 1A’s 4.5-generation capabilities, including beyond-visual-range missiles and laser-guided bombs. All design, software, hardware, and manufacturing are done domestically.

He added that 28 entities are interested in partnering on the 5th-generation AMCA fighter program. Collaborations are to be finalised by the end of October.

At 11:55 AM, the shares of HAL were trading 0.16% higher at Rs 4,783 on NSE.

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