What’s next for HAL? 3 growth levers, 1 big concern – A deep dive
Key defence player and Aircraft manufacturer Hindustan Aeronautics’ (HAL) is in the spotlight. While on the one hand its strong order book is seen as a big thumbs up to ‘Make In India’, the unfortunate crash of its Light Combat Aircraft (LCA) Tejas Mk1 at the Dubai Air Show on November 21 raised some concerns. However, Elara capital believes that it may not have a big impact on the Financials or order book.
“There may be sentimental impact, but we do not expect any material financial impact on its orderbook, inflows, and execution of Tejas aircraft,” it noted in its report.
