Latest news with #GE414
Economic Times
6 days ago
- Business
- Economic Times
HAL shares in focus as defence PSU denies report of stalled GE414 engine deal
Hindustan Aeronautics (HAL) shares will be in focus on Thursday after the company refuted a media report claiming that its negotiations with General Electric (GE) for the local production of GE414 engines had stalled. The state-run aerospace and defence firm called the report 'factually incorrect and misleading.' ADVERTISEMENT 'An online article has inaccurately reported that negotiations between HAL and GE for the local production of GE414 engines have stalled, suggesting HAL is now in talks with another engine manufacturer,' the company said in a statement. 'HAL would like to clarify that this report is factually incorrect and misleading.' HAL reaffirmed that discussions with GE are on track and progressing well, and confirmed it is not in talks with any other company regarding engines for the Light Combat Aircraft (LCA) Mk2.'Any information suggesting otherwise is incorrect,' it added. Also Read: MRF snatches India's highest-priced stock crown back from Elcid Investments ADVERTISEMENT In June 2023, HAL and GE Aerospace signed a Memorandum of Understanding (MoU) for the production of fighter jet engines in India, as part of the Indian Air Force's LCA Mk2 programme. The agreement, signed during Prime Minister Narendra Modi's official visit to the United States, was regarded as a key milestone in strengthening India–US defence MoU includes the potential joint production of GE's F414 engines in India. ADVERTISEMENT GE Aerospace has been active in India for over four decades, with a broad presence across engines, avionics, services, engineering, manufacturing, and local sourcing. Its operations include the John F. Welch Technology Centre in Bengaluru (opened in 2000) and the Multi-modal Factory in Pune (opened in 2015). Also Read: These 10 Nifty microcap stocks can rally 70-200% in the next 12 months ADVERTISEMENT According to Trendlyne, the average target price for HAL is Rs 5,585, indicating a potential upside of 13% from current levels. Among the 18 analysts tracking the stock, the consensus recommendation is 'Buy'.On Wednesday, HAL shares closed 0.47% lower at Rs 4,959.7 on the BSE, even as the benchmark Sensex rose 0.32%. The stock has gained 50% over the past three months and surged 213% over the last two years. HAL's market capitalisation currently stands at Rs 3,31,695 crore. Also Read: Ola Electric, Kalyan Jewellers among 10 firms where promoters pledge increased in Q4 (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
6 days ago
- Business
- Time of India
HAL shares in focus as defence PSU denies report of stalled GE414 engine deal
Hindustan Aeronautics (HAL) shares will be in focus on Thursday after the company refuted a media report claiming that its negotiations with General Electric (GE) for the local production of GE414 engines had stalled. The state-run aerospace and defence firm called the report 'factually incorrect and misleading.' 'An online article has inaccurately reported that negotiations between HAL and GE for the local production of GE414 engines have stalled, suggesting HAL is now in talks with another engine manufacturer,' the company said in a statement. 'HAL would like to clarify that this report is factually incorrect and misleading.' HAL reaffirmed that discussions with GE are on track and progressing well, and confirmed it is not in talks with any other company regarding engines for the Light Combat Aircraft (LCA) Mk2. 'Any information suggesting otherwise is incorrect,' it added. Also Read: MRF snatches India's highest-priced stock crown back from Elcid Investments In June 2023, HAL and GE Aerospace signed a Memorandum of Understanding (MoU) for the production of fighter jet engines in India, as part of the Indian Air Force's LCA Mk2 programme . The agreement, signed during Prime Minister Narendra Modi's official visit to the United States, was regarded as a key milestone in strengthening India–US defence cooperation. The MoU includes the potential joint production of GE's F414 engines in India. GE Aerospace has been active in India for over four decades, with a broad presence across engines, avionics, services, engineering, manufacturing, and local sourcing. Its operations include the John F. Welch Technology Centre in Bengaluru (opened in 2000) and the Multi-modal Factory in Pune (opened in 2015). Also Read: These 10 Nifty microcap stocks can rally 70-200% in the next 12 months HAL Shares Target Price According to Trendlyne, the average target price for HAL is Rs 5,585, indicating a potential upside of 13% from current levels. Among the 18 analysts tracking the stock, the consensus recommendation is 'Buy'. On Wednesday, HAL shares closed 0.47% lower at Rs 4,959.7 on the BSE, even as the benchmark Sensex rose 0.32%. The stock has gained 50% over the past three months and surged 213% over the last two years. HAL's market capitalisation currently stands at Rs 3,31,695 crore. Also Read: Ola Electric, Kalyan Jewellers among 10 firms where promoters pledge increased in Q4 ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
News18
6 days ago
- Business
- News18
Stocks To Watch: Vedanta, Gland Pharma, YES Bank, Power Grid, BEL, REC, And Others
Last Updated: Stocks to watch: Shares of firms like Vedanta, Gland Pharma, YES Bank, Power Grid, BEL, REC, and others will be in focus on Thursday's trade Stocks to Watch on June 05, 2025: Markets saw range-bound trading but managed to end marginally higher on Wednesday, pausing after Tuesday's drop. In today's session, keep an eye on Vedanta, Gland Pharma, YES Bank, Power Grid, and BEL, among others, driven by various news flows. REC's board has cleared a proposal to raise up to Rs 1.55 lakh crore through private placement of bonds or debentures. Bharat Electronics Bharat Electronics (BEL) announced fresh orders worth Rs 537 crore since May 16, 2025. These include communication systems, shipborne equipment, jammers, simulator upgrades, and spares. Newgen Software Newgen Software Technologies secured a $2.5 million (about Rs 20.8 crore) international order for its Enterprise Workflow and Content Management System. The deal covers licensing, implementation, and support over five years. Adani Enterprises Adani Airports Holdings (AAHL) raised $750 million via external commercial borrowings from a consortium led by First Abu Dhabi Bank, Barclays, and Standard Chartered. Proceeds will refinance debt and fund infrastructure and capacity expansion. Maruti Suzuki Maruti Suzuki plans to invest over Rs 925 crore to expand its solar power capacity to 319 MWp by FY31. Recently, it added 30 MWp through projects at Kharkhoda and Manesar, boosting capacity to 79 MWp. NTPC Green Energy secured 1,000 MW in UPPCL's solar PV auction at a discovered tariff of Rs 2.56 per kWh and signed a PPA for the capacity. Vedanta Vedanta's renewable energy power capacity has grown to 1.03 GW, with plans to reach 2.5 GW by 2030. YES Bank YES Bank disclosed that Carlyle-owned CA Basque Investments sold a 2.62% stake, reducing its holding to 4.22% and losing board nomination rights. Gland Pharma Gland Pharma's unit Cenexi received a final inspection report from France's ANSM with 11 GMP compliance observations at its Fontenay site. Hindustan Aeronautics HAL denied reports claiming that talks with GE over local production of GE414 engines have stalled, calling them factually incorrect. KEC International KEC International bagged orders worth Rs 2,211 crore across transmission and distribution, oil and gas pipeline, and cables businesses. Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. First Published: June 05, 2025, 07:52 IST
Mint
6 days ago
- Business
- Mint
‘Factually incorrect': HAL dismisses reports of stalled GE414 engine deal, confirms ‘negotiations on track'
Hindustan Aeronautics Ltd (HAL) on Wednesday, June 4, has denied certain media reports 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. Certain reports 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. The defence PSU dismissed this as false. HAL, in a statement, made it clear that the report was factually incorrect and misleading. "An online article has inaccurately reported that negotiations between HAL and GE for the local production of GE414 engines have stalled, suggesting that HAL is now in talks with another engine manufacturer," said the HAL statement. 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," it added. According to earlier reports, HAL formed a Contract Negotiation Committee to oversee discussions with GE. Talks reportedly began on December 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. In June 2023, HAL and GE Aerospace signed a Memorandum of Understanding (MOU) to produce fighter jet engines for the Indian Air Force. The agreement was signed during Prime Minister Narendra Modi's official visit to the United States, and it was a key element in strengthening defence cooperation between the two countries. The agreement included the potential joint production of GE Aerospace's F414 engines in India. The MoU was part of the Indian Air Force's Light Combat Aircraft Mk2 program. 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 and pave the way for local production, furthering India's long-term goal of strategic autonomy in aerospace.
Time of India
6 days ago
- Business
- Time of India
HAL refutes report of stalled GE414 engine deal, says negotiations on track
Hindustan Aeronautics Ltd (HAL) on Wednesday refuted reports that claimed negotiations between HAL and General Electric (GE) for the local production of GE414 engines have stalled. HAL, in a statement, made it clear that the report was factually incorrect and misleading. "An online article has inaccurately reported that negotiations between HAL and General Electric (GE) for the local production of GE414 engines have stalled, suggesting that HAL is now in talks with another engine manufacturer," the HAL statement read. "HAL would like to clarify that this report is factually incorrect and misleading." 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. Live Events "Any information suggesting otherwise is incorrect," it added. In June 2023, HAL and GE Aerospace had signed a Memorandum of Understanding (MOU) to produce fighter jet engines for the Indian Air Force. The agreement was signed during Prime Minister Narendra Modi's official state visit to the United States and it was a key element in strengthening defense cooperation between the two countries. The agreement included the potential joint production of GE Aerospace's F414 engines in India. The MoU was part of the Indian Air Force's Light Combat Aircraft Mk2 program. GE Aerospace has operated in India for more than four decades with wide engagement in the industry including engines, avionics, services, engineering, manufacturing, and local sourcing. GE's presence in India includes its research and technology centre, the John F Welch Technology Centre at Bengaluru, which opened in 2000 and its Multi-modal Factory at Pune, which opened in 2015. GE Aerospace is a world-leading provider of jet engines, components and systems for commercial and military aircraft. Economic Times WhatsApp channel )
