A recent article from a website claimed that discussions between HAL and GE had stalled, and that HAL was seeking engine alternatives from other manufacturers for its light combat aircraft (LCA) Mk2 program. HAL has categorically dismissed these allegations.
“HAL emphasizes that negotiations with GE are proceeding smoothly and on schedule, and it is not in discussions with any other firms concerning engines for the LCA MK2. Any statements to the contrary are inaccurate,” the company stated in a filing to the stock exchange.
Also Read: HAL shares are projected to surpass ₹6,000, according to six analysts monitoring the stock
In April of this year, Defence Secretary Rajesh Kumar Singh mentioned in an exclusive interview with CNBC-TV18 that India aims to initiate domestic production of General Electric’s F414 jet engines by the year’s end.
In response to questions about the status of talks between Hindustan Aeronautics Limited (HAL) and General Electric (GE), Singh remarked, “This year? I hope so. This process is led by HAL. We don’t delve into the specifics of that negotiation, but we have been urging both parties and HAL to expedite this, so our future Tejas production schedule — I believe it’s Mark 2 — remains unaffected.”
HAL finalized a deal with GE in 2023 to co-produce GE414 jet engines within India. The GE414 engine is critical for the Tejas Mark 2, an enhanced version of India’s homegrown fighter jet. The agreement with GE is anticipated to include technology transfer, paving the way for local production and advancing India’s long-term objective of strategic autonomy in aerospace.
Also Read: HAL shares are projected to surpass ₹6,000, according to six analysts monitoring the stock
Shares of Hindustan Aeronautics Ltd closed at ₹4,959.75, down by ₹23.65, or 0.47%, on the BSE.
(Edited by : Shoma Bhattacharjee)
