💨 Abstract

India's Hindustan Aeronautics Ltd (HAL) reported a 22.1% rise in second-quarter profit, driven by demand for its aircraft from the country's defense ministry. The state-owned fighter jet manufacturer secured a 260 billion rupees engine manufacturing contract for the Indian Air Force during the quarter. Analysts attribute the growth to continued manufacturing order execution and steady growth in replacements and spares.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖