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

Not just politics, let`s discuss policies too

Why public policy matters Most days, India`s loudest debates stop at the ballot box. We can name every major leader and recall every campaign slogan. Still, far fewer of us can explain why a widow`s pension is delayed or how a government school`s budget is actually approved. That

When algorithms decide and children die

The images have not left me, of dead and wounded children being carried in the arms of the medics and relatives to the ambulances and hospitals. On February 28, at the start of Operation Epic Fury, cruise missiles struck the Shajareh Tayyebeh school – officially named a girls’ school, in Minab,

The economics of representation: Why women in power matter

India’s democracy has grown in scale, but not quite in balance. Women today are active participants in elections, influencing outcomes in ways that were not as visible earlier. Yet their presence in legislative institutions continues to lag behind. The Nari Shakti Vandan Adhiniyam was meant to addres

India will be powerful, not aggressive: Bhaiyyaji

India is poised to emerge as a global power but will remain rooted in its civilisational ethos of non-aggression and harmony, former RSS General Secretary Suresh `Bhaiyyaji` Joshi has said.   He was speaking at the launch of “Rashtrabhav,” a book by Ravindra Sathe

AI: Code, Control, Conquer

India today stands at a critical juncture in the area of artificial intelligence. While the country is among the fastest adopters of AI in the world, it remains heavily reliant on technologies developed elsewhere. This paradox, experts warn, cannot persist if India seeks technological sovereignty.

RBI pauses to assess inflation risks, policy transmission

The Reserve Bank of India (RBI) has begun the new fiscal year with a calibrated pause, keeping the repo rate unchanged at 5.25 per cent in its April Monetary Policy Committee (MPC) meeting. The decision, taken unanimously, reflects a shift from aggressive policy action to cautious observation after a signi


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter