Following the signing of the Securities of Supplies Agreement (SOSA) between the US and India on Friday during the visit of Defence Minister Rajnath Singh, shares of Hindustan Aeronautics Ltd. (HAL) are up about 2%.
Rajnath Singh is now in the United States, where his primary focus was to address the delivery in General Electric’s F2404 engines, which are a critical component for HAL’s Tejas Mark-1A fighter jets.
HAL shares fell earlier this month on reports of execution issues at the company.
As of 12:35 pm, HAL shares were trading 1.36% higher at Rs 4,833.00 on the NSE.
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