
‘Factually incorrect': HAL dismisses report of stalled GE414 engine deal, confirms ‘negotiations on track'
Hindustan Aeronautics Ltd (HAL) on Wednesday, June 4, has refuted a media report claiming that its negotiations with General Electric (GE) over the local production of GE414 engines have stalled. The state-run aerospace and defence company called the report factually incorrect and misleading.
An article published on a website suggested that talks between HAL and GE had faltered and that HAL was exploring engine alternatives with other manufacturers for its light combat aircraft (LCA) Mk2 programme. HAL dismissed this as false.
'HAL reiterates that negotiations with GE are on track and progressing well, and that HAL is not in talks with any other company regarding engines for LCA MK2. Any information suggesting otherwise is incorrect,' the company said in a stock exchange filing.
According to earlier reports, HAL formed a Contract Negotiation Committee to oversee discussions with GE. Talks reportedly began on Dec. 3, 2024, and while no final agreement has been reached, HAL has asked GE for specific technical documents to assess the proposed transfer of technology.
HAL had signed a deal with GE in 2023 to co-produce GE414 jet engines in India. The GE414 engine is a key component for the Tejas Mark 2, an upgraded version of India's indigenous fighter jet. The ongoing deal with GE is expected to involve technology transfer and pave the way for local production, furthering India's long-term goal of strategic autonomy in aerospace.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Mint
2 hours ago
- Mint
HAL shares gain despite Indian stock market crash in the wake of Israel-Iran War: Here's why
Stock Market Today: HAL share price gained during the intraday trades on Monday despite the Indian stock market crash following the intensifying Israel-Iran War. Here's why HAL share price is gaining HAL, or Hindustan Aeronautics Ltd., on Friday, post-market hours, announced having been a successful bidder for technology transfer of the Small Satellite Launch Vehicle (SSLV). As per the intimation by the HAL on the National Stock Exchange of India and the Bombay Stock Exchange, or the BSE, the company has emerged as a successful bidder for the Indian Space Research Organisation's, or ISRO's, Small Satellite Launch Vehicle (SSLV) production and design technology. As per the release, in addition to training and assistance for technology absorption, technology transfer encompasses thorough design, manufacture, quality control, integration, launch operations, and post-flight analysis documentation. HAL would be in charge of producing SSLV in large quantities to satisfy demand in India and around the world. HAL share price remains in focus as the company will be considering a dividend soon. As per HAL's intimation on the exchanges on 19 June, among other things, the recommendation of the final dividend for the fiscal year 2024–2025 will be discussed by the Board of Directors of the Company at its meeting on Friday, June 27, 2025. The defense stocks, such as HAL, remain in focus amid rising geopolitical conflicts. The HAL and other defence equipment manufacturers are seeing their order books rise amid geopolitical conflicts. The robust domestic order book is also seeing flows increase following the recent Indian-Pakistan conflict. HAL share price that opened at ₹ 4973 rose to intraday highs of ₹ 5046.60, which meant gains of 1.5% compared to the previous day's closing price of ₹ 4971.95. The gains for HAL stock price were despite the decline in the Indian stock market in the wake of the Israel-Iran war. The Sensex dipped more than 1% during the intraday trades. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.


India Today
6 hours ago
- India Today
Stocks to watch on June 23: TCS, Waree Renewable, HAL, BEL, MakeMyTrip
Stock market indices ended Friday on a strong note, with both Sensex and Nifty breaking their losing streak. The BSE Sensex jumped 1,046 points, or 1.29%, to settle at 82,408, while the NSE Nifty50 climbed 319 points, or 1.29%, to close at 25, the markets open on Monday, global tensions may weigh on investor mood. Reports suggest the United States may have bombed a nuclear facility in Iran, triggering fresh concerns over the conflict with Israel. These developments could impact trading sentiment on Dalal Street at the start of the are the top stocks to keep an eye on today:WAAREE RENEWABLE TECHNOLOGIESWaaree Renewable has received an additional order worth Rs 246.92 crore under an existing contract for engineering, procurement and construction (EPC) works. This project is for a ground-mounted solar PV plant with a capacity of 2012.47 MWp. With the fresh order, the total contract value now stands at Rs 1,480.40 to its banker Morgan Stanley, MakeMyTrip has raised a record-breaking $3.1 billion through a combination of equity and debt. This makes it the largest-ever fundraise by a listed new-age Indian company, surpassing Paytm's Rs 2.4 billion IPO in 2021. It is also the biggest concurrent follow-on equity and convertible note offering in the Asia-Pacific region since CONSULTANCY SERVICES (TCS)TCS is expanding its work in the Software-Defined Vehicles (SDV) space. The company has set up two new automotive delivery centres in Germany and an engineering hub in Romania. These new centres will help drive innovation and digital change in the global automobile MOTORSTata Motors plans to push harder in the electric vehicle (EV) space. The company is aiming to regain market share by launching more EV products in the coming years. It is also considering merging its EV arm with the main passenger vehicle division. "In the mid- to long-term, we should come back to 50% share," said Shailesh Chandra, MD, Tata Passenger Electric Mobility, during the company's Investor Day in AERONAUTICS (HAL)HAL has won the rights to manufacture the Small Satellite Launch Vehicle (SSLV). It emerged as the top bidder in a Rs 511 crore tender floated by the Indian National Space Promotion and Authorisation Centre (IN-SPACe).SIGNATURE GLOBAL (INDIA)The Board of Signature Global will meet on June 25 to consider raising funds via non-convertible debentures (NCDs). The fundraising is likely to happen through a private OF INDIAThe public sector lender's board will meet on June 26 to discuss a proposal to raise long-term infrastructure bonds. This is likely part of the bank's broader capital-raising plan for infrastructure TECHNOLOGIESZen Technologies has announced plans to acquire a majority stake in TISA Aerospace. TISA is a defence technology company that builds loitering munitions and unmanned aerial vehicles (UAVs). The acquisition will be done by buying shares from existing stakeholders and purchasing compulsorily convertible debentures (CCDs).NLC INDIAA subsidiary of NLC India, NLC India Renewables, has secured a Letter of Award (LoA) from Tamil Nadu Green Energy Corporation (TNGECL). The company will develop three standalone Battery Energy Storage System (BESS) projects with a total capacity of 250 MW/500 MWh. These will follow the Build-Own-Operate (BOO) model and receive Viability Gap Funding (VGF) under the state ELECTRONICS (BEL)BEL has received fresh orders worth Rs 585 crore since June 5. These include supply of fire control and sighting systems for missiles, communication devices, jammers, and spare parts. The company has also received orders for support services. advertisement


India.com
a day ago
- India.com
Rs 115000 crore deal, fighter jet better than Rafale, faster than US F-16, speed is..., name is...
Rs 115000 crore deal, fighter jet better than Rafale, faster than US F-16, speed is...., name is.... With major countries like Russia, Israel, and Iran at war, the situation is very critical. India has also had a military confrontation with Pakistan and is in an ongoing cold war with China. In such a situation, India is facing defence challenges on two fronts. Therefore, New Delhi is strengthening its air defence system while simultaneously upgrading its armed forces with the latest weaponry. Keeping in mind the needs of the Army, Air Force, and Navy, the government is constantly taking crucial decisions. China has given fifth-generation fighter jets to Pakistan, creating tension for India. It has now become necessary for New Delhi to equip Air Force with 5th-generation fighter jets so that future challenges can be tackled. As per several media reports, India can buy the US's F-35 or Russian Su-57E fighter jets in the coming years. Some reports suggest that New Delhi can buy fifth-generation aircraft from Russia as it is better in terms of price and technology transfer conditions. However, India is also developing indigenous fighter jets with indigenous technology. DRDO and Hindustan Aeronautics (HAL) are developing fifth and sixth-generation fighter jets under the Advanced Medium Combat Aircraft (AMCA) project. Another news is that HAL is going to deliver the Tejas MK1A fighter jet soon to the Indian Armed Forces. Tejas MK1A Fighter Jet Tejas MK1A is a 4.5 generation fighter aircraft. The Indian Air Force has signed Rs 67000 deal with HAL under which it will get 97 Tejas MK1A fighter jets. As per reports, the flight testing of Tejas MK1A will be done in July, and after that, the jets will be given to the IAF.