Hindustan Aeronautics Ltd is recasting itself as the sharp edge of India’s aerospace ambition, moving beyond its legacy as a government assembler. The stock has tripled in two years, backed by a ₹1.84 trillion order book and major contracts for Prachand helicopters and Tejas fighters.HAL is transitioning from assembling imported kits to developing indigenous platforms and engines, as seen with the Tejas Mk1A, LCH Prachand, and engine co-development with GE. Talks with Safran and Rolls-Royce for a next-generation engine for the Advanced Medium Combat Aircraft stealth fighter further cement the ambition.
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