HAL turnover all time high at 17,406 crores, receives orders worth Rs 21,000 cr

HAL is looking forward to get ‘Excellent’ MoU rating for 2016-17 fiscal from the government as it fulfills all the relevant parameters related to its performance

GN Bureau | April 4, 2017


#turnover   #HAL   #PSU  
Hindustan Aeronautics Limited (HAL), a Navratna CPSE, has achieved the highest ever turnover of Rs 17,406 crores for the 2016-17 fiscal. 
 
“It is business as usual for us with the PSU doing well on expected lines. We also contributed around Rs 800 crores to the government exchequer by way of interim dividend. This is in addition to Rs 162 crores paid to government as dividend tax. The PBT stood at Rs 3,294 crores”, said CMD, HAL, T Suvarna Raju. 
               
HAL is expecting ‘Excellent’ MoU rating for 2016-17 fiscal from the government as it has met all the relevant parameters related to its performance. HAL’s total sales for the year 2015-16 stood at Rs 16,736 crores and the PBT was at Rs 3, 288 crores.
 
Some of the highlights of the previous financial year included production of 12 Su-30 MkI aircraft in Phase-IV, 24 ALH, overhauling of 197 aircraft / helicopters, 473 engines and production of 178 new aero-structures. The company received orders worth Rs 21,000 crores that included 12 Do-228 aircraft for the Indian Navy, 32 ALH for the Indian Navy and the Coast Guard and AL-31 FP engines for Su 30 MkI. The year also witnessed maiden flight of HTT-40 and LUH in addition to carriage trials of LCA with fixed air to air refuelling probe. HAL attained 100 per cent RPM for 25 KN Turbofan engine (HTFE-25) and launched metal cutting for 1200 kW Tourboshaft engine (HTSE 1200).
 

Comments

 

Other News

Coal production rises by 18% to 448 MT

The total coal production in the country stands at 448 million tonnes (MT) for the month of October 2022 which is 18% higher than the production of the corresponding period of last year. The growth of coal production from Coal India Ltd (CIL) is also more than 17%. The ministry of coal said

How to execute large-scale social impact projects

The number of social innovators and entrepreneurs has considerably increased recently in India. The idea of social entrepreneurship, which aspires to provide novel solutions for the world`s most critical social issues, is now receiving more attention. Challenges like overworked healthcare,

Plastic is no longer a waste management issue

Plastic is arguably the most ubiquitous material of our times. In this Age of Plastic, it might seem its use can’t go up any further – and yet it keeps going. Between 2000 and 2015, global production of plastic increased by a whopping 79%. The total mass of plastics on our planet is now twice t

Celebrating the Ganit of Protein!

“Why is the child growing?” is the question that bothers a lot many in the administration. The answer, to be honest, is to be discovered via science, and less via what we call ‘effective administration’. Eventually, it will be the latter that will enforce the former on the field, bu

Trying to achieve work-life balance? Here’s some advice

The untapped potential of every individual is the biggest tragedy of the human race. The primary reason for this is our lack of awareness of the processes, tools and t

Getting to know Indian history’s heroes better

Bravehearts of Bharat: Vignettes from Indian History By Vikram Sampath Penguin, 334 pages, Rs 799 A student has an assignment

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter