HAL shares in focus as India nears $1 billion jet engine deal with GE

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Hindustan Aeronautics Limited (HAL) is set to benefit as India nears a $1 billion deal with General Electric (GE) for 113 F404-IN20 engines to power the LCA Mk1A. The order, linked to the Indian Air Force’s expanded fleet requirements, builds on earlier engine contracts and strengthens HAL’s role in India’s indigenous fighter aircraft programme.