India's Hindustan Aeronautics rises as pact with GE may quicken production

Hindustan Aeronautics

10/11/2025 04:41

** Shares of state warplane maker Hindustan Aeronautics Ltd  HIAE.NS rise 2% to 4723 rupees

** Co signs agreement to buy 113 engines from General Electric GE.N

** Co's delivery of Tejas fighter jets to Indian government was delayed due to slow engine deliveries by GE

** In September, HIAE signed an agreement with government for additional 97 home-grown fighters of the Tejas Mk-1A variety worth 623.70 billion rupees ($7.1 billion)

** HIAE rated "buy" on avg by 20 analysts covering it; median PT at 5,800 rupees- data compiled by LSEG

** YTD, HIAE up 13%

($1 = 87.8950 Indian rupees)

 (Reporting by Komal Salecha)

 ((Komal@thomsonreuters.com;))