HAL Crosses Record Turnover of Rs. 18K Crores

By Editor 14-Apr-2018

News

The state-run Hindustan Aeronautics Limited (HAL), has achieved a landmark turnover of over Rs. 18000 Crores (provisional and unaudited) for the year ending March 31, 2018. This is the first time HAL is crossing Rs.18000 Crores. The corresponding figure for the previous year was Rs.17605 crores).  With this the company expects continued “Excellent” MoU rating for the FY 2017-18 from the government on meeting all the relevant parameters related to its performance.

During the FY 2017-18, HAL has produced 40 new aircraft/helicopters and 105 new engines. The company has also carried out overhaul of 220 aircraft/helicopters and 550 engines. It has received orders of 41 Advanced Light Helicopters and 8 Chetak helicopters from Indian Armed Forces in the financial year.   In the other major achievements, the company has received Initial Operational Clearance (IOC) certificate for its Light Combat Helicopter (LCH), Certificate of Airworthiness for its civil variant Dornier Do-228 from DGCA, acceptance of Mirage 2000 upgrade by Air HQ after its Final Operational Clearance etc. HAL has also completed the first successful run of Hindustan Turbo-Shaft Engine -1200 and successful test-firing of BrahMos missile from Su-30 MKI fighter jet.

T. Suvarna Raju, Chairman & Managing Director, HAL has said that the PSU strongly supported the Indian Armed Forces with its indigenous and licence manufactured products. “The Company has continued emphasizing self-reliance towards development of indigenous products, diversification into civil segment, enhancement of capacity, support development of defence manufacturing eco-system by developing domestic vendors (including MSMEs) and enhance outsourcing. These efforts will provide steady growth of the HAL and opportunities to capitalize on the future requirements arising for Indian Armed Forces,”, he said.