Hindustan Aeronautics Limited has informed the Exchange regarding a press release dated October 28, 2025, titled "HAL and UACSign MoU in Moscow for Production of SJ-100".
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Hindustan Aeronautics Limited (HAL) has signed a Memorandum of Understanding (MoU) with Russia's United Aircraft Corporation (UAC) in Moscow for the production of the SJ-100 aircraft. The SJ-100 is a Russian regional jet manufactured by UAC. The MoU paves the way for potential collaboration in manufacturing or assembling the SJ-100, likely in India. This builds on India's broader civil aviation push and signals HAL's intent to expand beyond defence into commercial aircraft production. Specific financial terms, investment size, and timelines were not disclosed in this filing.
Positive for HAL's long-term growth narrative as it opens a new revenue stream in commercial aviation, though the absence of financial details means near-term stock impact may be limited. Investors should watch for a formal binding agreement with concrete terms.