Order pipeline remains robust; longer-term growth outlook intact: We believe that orders pipeline remains robust for HAL in both defence and civil aerospace segments including MRO. Company has already signed an MoU with Russia's United Aircraft Corporation (UAC) for the production of SJ-100 civil aircrafts in India. Also, the Indian Air Force plans to induct 120 Tejas Mk2 (along with indigenous engines in collaboration with GE), for which the prototype is expected to be completed by HAL in coming period. The Sukhoi upgrade project approval is also in final stages and...