HAL shares in focus as defence PSU denies report of stalled GE414 engine deal

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Hindustan Aeronautics (HAL) shares will be in focus after the company dismissed a media report claiming stalled talks with GE over local production of GE414 engines. HAL called the report “factually incorrect and misleading,” reaffirming that negotiations are on track and it is not in talks with any other engine manufacturer for the LCA Mk2 programme.