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Hindustan Aeronautics Share Price Surges 10% After Government Approves Rs 48K Crore Deal To Acquire 83 Tejas Aircraft

Hindustan Aeronautics share price surges 10% after government approves Rs 48K crore deal to acquire 83 Tejas aircraft The Cabinet Committee on Security on January 13 approved a Rs 48,000-crore deal for the purchase of 83 Light Combat Aircraft Tejas from Hindustan Aeronautics Limited. January 14, 2021 / 04:21 PM IST Hindustan Aeronautics (HAL) share price surged over 10 percent intraday on January 14, a day after the government approved Rs 48,000-crore deal to acquire 83 Tejas aircraft from the company. The Cabinet Committee on Security chaired by Prime Minister Narendra Modi approved a Rs 48,000-crore deal for the purchase of 83 Light Combat Aircraft Tejas from the state-run aerospace behemoth. Union Defence Minister Rajnath Singh announced on Twitter that it was the largest-ever procurement deal in the indigenous military aviation sector.

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