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HAL rises 5% after Cabinet approves Rs 26,000-cr order for 240 aero-engines

Business Standard LogoBusiness Standard6h ago

HAL rises 5% after Cabinet approves Rs 26,000-cr order for 240 aero-engines - Business Standard

Quick Summary:

These aero-engines will be manufactured at the Koraput division of HAL and the delivery of these aero-engines would start after one year and complete over a period of eight years, the company said.

At 10:33 AM, shares of HAL were trading 2.76 per cent higher at Rs 4,815.60 per share.

The engines will have indigenous content over 54 per cent, enhanced due to indigenisation of some key components of aero-engines, HAL said in a statement.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-03 @ 10:39:37 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 463 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22341501

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Official Website: business-standard.com

Update Frequency: 297 posts per day

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News Last Updated: 2 hours ago

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Publisher ID: #49

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