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The Economic Times
The Economic Times
Business
Veer Sharma

HAL shares rise 2% as firm hands over 3 aerospace platforms to IAF. What is Goldman Sachs saying?

IAF HAL Goldman Sachs LCA GE Hindustan Aeronautics Hindustan Aeronautics Ltd Pawan Hans Veer Sharma Indian Air Force

Shares of Hindustan Aeronautics Ltd gained 2% to their day’s low of Rs 4,889 on the BSE on Monday after the company handed over three indigenously developed platforms to the Indian Air Force (IAF) and Pawan Hans Limited. The platforms included the Dhruv-NG helicopter, LCA Tejas Trainer jets and the HTT-40 basic trainer aircraft.

Defence Minister Rajnath Singh, speaking at the handover ceremony, said the event marked three significant achievements. The indigenously designed and developed Dhruv-Next Generation civil helicopter was handed over after receiving Type Certification from the DGCA. The final batch of LCA Final Operational Clearance (FOC) Trainer aircraft was handed over to the IAF, while the first aircraft from the HTT-40 Basic Trainer series production was also delivered to the IAF.

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