 "HAL, Hindustan Aeronautics Limited")
Shares of state-run aerospace and defence major Hindustan Aeronautics (HAL) scaled an all-time high of Rs 1,625.25 on Thursday after the company entered into a pact with its long-term partner Israel Aerospace Industries (IAI). The stock gained 5 per cent, before partially erasing gains. At 12:00 noon, it was up 2.7 per cent.
Under the pact, the company has partnered with IAI to convert civil (passenger) aircraft to multi mission tanker transport (MMTT) aircraft in India. The scope of the partnership also covers "passenger to freighter aircraft" conversion along with MMTT conversions.
"HAL will convert pre-owned civil aircraft into
"HAL will convert pre-owned civil aircraft into
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