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• Hindustan Aeronautics Limited (HAL) has signed a contract with Airbus to establish Maintenance, Repair, and Overhaul (MRO) facilities for the A-320 aircraft.
• The facility in Nashik, Maharashtra is expected to be ready for aircraft induction by November 2024.
• HAL's stock has soared 63% in 2023 and is among JM Financial's top defence stock picks.