India's HAL rises on F414 deal progress with GE Aerospace; Citi sees improved outlook

Hindustan Aeronautics

16/04/2026 07:03

** HAL HIAE.NS and GE Aerospace GE.N on track for a deal to co-produce F414 engine in India, according to media reports

** Shares of HIAE up 3.13% at 4,371 rupees on the day

** Initial deal plan covers 99 engines to meet baseline Tejas Mk2 requirements, with local production lines likely 2–3 years post contract signing

** Brokerage Citi sees deal boosting visibility for Tejas Mk2 orders and de-risking engine supply chain

** Citi flags Tejas Mk1A delivery updates, margins and order inflows as key near-term triggers, sees scope for re-rating as deliveries pick up

** HIAE rated "buy" on avg by 21 analysts; median PT 5,212 rupees, according to LSEG-compiled data

** YTD stock down 3.41%

 (Reporting by Devika Nair in Bengaluru)

 ((Devika.MadhusudhananNair@thomsonreuters.com;))