Engine deliveries can take HAL shares back to levels of ₹4,715, Jefferies says

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HAL’s ₹45,700 crore LCA Tejas Mk1A order has faced an execution delay due to engine deliveries from GE being pushed back from August 2023 to September 2024 and then further to November 2024. However, deliveries are expected to resume in March-April 2025, with full execution starting from Q1FY26.

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