ISLAMABAD: A Light Combat Aircraft (LCA) Tejas Mk-1 of the Indian Air Forcecrash triggered an immediate sell-off in Hindustan Aeronautics Limited(HAL) shares, with the stock closing lower on the Bombay Stock Exchangeamid investor concerns over the programme’s maturity.
Defence analysts say recurring technical snags in the Tejas fleet, rangingfrom engine issues to undercarriage failures, have renewed questions aboutthe aircraft’s combat readiness despite repeated assurances from theMinistry of Defence.
The crash comes after India signed a Rs 48,000-crore deal for 83 upgradedTejas Mk-1A variants, making the timing particularly damaging for HAL’sorder book visibility and export ambitions.
International buyers who had shown tentative interest in the Tejas,including Argentina and Egypt, are reportedly re-evaluating their optionsfollowing the latest incident and previous accidents involving trainervariants.
The Indian Air Force may ground the entire Tejas fleet pendinginvestigation by a court of inquiry, a move that could delay operationalconversion training for new squadrons.
Market experts warn that sustained negative headlines may pressure thegovernment to accelerate imports of foreign fighters, potentiallysidelining the Make in India flagship project.
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The Directorate General of Civil Aviation has also been roped in becausethe crash site lies close to civilian air routes, highlighting broadersafety implications.
Source:www.thehindu.com/news/national/tejas-lca-crash-jaisalmer/article68892345.ece”>https://www.thehindu.com/news/national/tejas-lca-crash-jaisalmer/article68892345.ece
Source:www.bseindia.com/stock-share-price/hindustan-aeronautics-ltd/hal/541154/”>https://www.bseindia.com/stock-share-price/hindustan-aeronautics-ltd/hal/541154/