Companies

HAL turnover crosses Rs 19,400 cr

Bengaluru | Updated on April 01, 2019 Published on April 01, 2019

Hindustan Aeronautics Limited (HAL), a public sector defence aviation company, has recorded a turnover of over Rs 19,400 crore (provisional and unaudited) for the financial year ended on March 31, 2019 (corresponding figure for the previous year was Rs 18,284 crore). The company has posted a revenue growth in excess of 6 per cent during 2018-19 as compared to 3.8 per cent during 2017-18.

“The performance of the Company in 2018-19 has encouraged us to focus more on design and development of indigenous products and technologies, develop aerospace and defence manufacturing eco-system and to be more dedicated towards meeting the current and future requirements of customers,” said R Madhavan, CMD-HAL.

“This strategy will also help HAL to be on the growth track in meeting the expectations of the shareholders,” he added. The HAL expects continued “Excellent” MoU rating for the FY 2018-19 from Central Government for meeting all the relevant parameters related to its performance.

In the FY 2018-19, HAL has produced 41 new aircraft/helicopters and 98 new engines and has carried out overhaul of 213 aircraft/helicopters and 540 engines. HAL’s R&D projects are on track and are tailor made for the requirement of the armed forces and has produced 12 new ALHs against the contract of 40, out of which six were produced ahead of schedule for the Indian Army.

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Published on April 01, 2019
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