HAL shares gain as GE Aerospace starts supplies for LCA engines.

Hindustan Aeronautics Ltd or HAL in its release on the exchanges commenting on media news around GE Delivering First Engine for Indigenous LCA Mk1A” pertaining to Hindustan Aeronautics Limited (HAL), said that “It is to clarify that, the Engine has been handed over to our Freight Forwarder at USA which is expected to be received at HAL premises within a week time. The start of supplies for engines by GE for Light Combat Aircraft are looked at in positive light looking at the fact that all eyes have been on the pace of execution of orders by Hindustan Aeronautics Ltd or HAL. HAL certainly has a impressive ordr book which is growing. However for earnings growth visibility to improve the execution remains important.