The share price of Hindustan Aeronautics Ltd., rose nearly 1% during early trade after the Ministry of Defence on Thursday signed a Rs 62,370-crore contract (Image source: HAL website) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The share price of Hindustan Aeronautics Ltd., rose nearly 1% during early trade after the Ministry of Defence on Thursday signed a Rs 62,370-crore contract with the company. This deal is for the procurement of 97 LCA Mk1A aircraft for the Indian Air Force.

The deal includes 68 fighters and 29 twin seaters, along with associated equipment, for the Air Force, the Ministry of Defence said on Thursday. The delivery of these aircraft would commence during fiscal 2027-28 and be completed over a period of six years.

The aircraft will have an indige

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