scorecardresearch
Follow Us:
Thursday, August 11, 2022

HAL shares surge over 13.5% as govt approves acquisition of 83 Tejas Aircraft

HAL share price: The HAL stock climbed 13.72 per cent to Rs 1,048.00 apiece on the National Stock Exchange (NSE) earlier in the intraday trade today, while on BSE, it soared 13.69 per cent to Rs 1,047.00 per share.

By: Express Web Desk | New Delhi |
Updated: January 14, 2021 4:19:12 pm
Make-in-India mega deal: 83 Tejas fighters cleared for Air ForceThe Tejas Mk-1A order, cleared last March by the Defence Acquisition Council, was approved by the CCS at a meeting chaired by Prime Minister Narendra Modi.

Shares of Hindustan Aeronautics (HAL) surged over 13.5 per cent in the intraday trade on Thursday after the government approved a deal worth nearly Rs 48,000 crore for the acquisition of 83 Tejas Light Combat Aircraft for the Indian Air Force.

The HAL stock climbed 13.72 per cent to Rs 1,048.00 apiece on the National Stock Exchange (NSE) earlier in the intraday trade today, while on BSE, it soared 13.69 per cent to Rs 1,047.00 per share.

The scrip eventually settled at Rs 1,009.00 per share up Rs 88.10 (9.57 per cent) on the BSE, while on NSE, it ended at Rs 1,008.95, up Rs 87.35 (9.48 per cent). Over 75.42 lakh (75,42,690) shares were traded on NSE during the day while over 4.37 lakh (4,37,351) shares exchanged hands on the BSE, data from the respective stock exchanges showed.

On Wednesday, the Cabinet met under the chairmanship of Prime Minister Narendra Modi and approved procurement of 73 LCA Tejas Mk-1A fighter aircrafts and 10 LCA Tejas Mk-1 Trainer aircrafts at the cost of Rs 45,696 crore along with Design and Development of Infrastructure sanctions worth Rs 1,202 crore.

Subscriber Only Stories
RSS shake-up for BJP: Why and where allPremium
Indian Monsoon 2022 Live Updates: Heavy rains lash Himachal; two dead, sh...Premium
Delhi Confidential: Shashi Tharoor to receive Legion Of Honour, France&#8...Premium
Ashok Gehlot claimed rise in murder after rape, NCRB data shows otherwisePremium


In a tweet, Defence Minister Rajnath Singh said the LCA-Tejas programme would act as a catalyst for transforming the indian aerospace manufacturing ecosystem into a vibrant Atmanirbhar-self-sustaining ecosystem.

📣 Join our Telegram channel (The Indian Express) for the latest news and updates

For all the latest Business News, download Indian Express App.

  • Newsguard
  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
  • Newsguard
First published on: 14-01-2021 at 03:29:01 pm

Featured Stories

Advertisement
Advertisement
Advertisement
Advertisement