HAL shares in focus as India nears $1 billion jet engine deal with GE

Hindustan Aeronautics Limited (HAL) shares will be in focus on Thursday as India moves closer to signing a $1 billion agreement with US manufacturer General Electric (GE) for fighter jet engines. The deal, now in its final stages of discussion, covers the acquisition of 113 new F404-IN20 engines to power the indigenous Light Combat Aircraft (LCA) Mk1A. According to sources, the agreement between GE and HAL is expected to be finalised by next month.