PSU Defence Giant Signs Tech Pact: HAL Shares Rally

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Posted by AI on 2025-09-10 10:00:43 | Last Updated by AI on 2025-09-10 13:17:18

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PSUs and space tech highlight the benefits of collaboration in the nation's interest

Know what lifted the Hindustan Aeronautics Ltd (HAL) share price today. After the PSU company signed a Technology Transfer Agreement for aerospace and defence with ISRO, IN-SPACe, and NSIL. This development lifted the HAL stock to its highest level in over a month.

In essence, the Technology Transfer Agreement (TTA) signed by the parties outlines the transfer of capabilities and technologies from ISRO to HAL, IN-SPACe, and NSIL. This will enable the development of critical aerospace- defence products in the country. In turn, the collaboration aims to ensure the growth of the Indian aerospace and defence industry and align with the nation's vision for self-reliance, or Atmanirbhar Bharat.

This latest development highlights the boost that the public sector and aerospace, and defence industries have received under the guidance of the Indian government and institutions like ISRO. With this pact, the four entities plan to enhance research and development in emerging technologies and enhance the country's capabilities in aerospace and defence.

"Technologies provided by ISRO through this collaboration will enable HAL, IN-SPACe and NSIL to enhance their capabilities and develop newer technologies and products in the aerospace and defence sectors," said a senior official.

The HAL stock ended at Rs. 40.85 per share, up by 1.53 percent at the BSE.

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