HAL turnover crosses Rs 19,400 crores in 2018-19 FY -Governance Now

HAL turnover crosses Rs 19,400 crores in 2018-19 FY

HAL has produced 41 new aircraft/helicopters and 98 new engines and has carried out overhaul of 213 aircraft/helicopters and 540 engines in 2018-19 FY

GN Bureau | April 8, 2019

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Hindustan Aeronautics Limited had clocked a turnover of Rs 19,400 crores (provisional and unaudited) for 2018-19 fiscal as compared to the previous fiscal’s Rs 18,284 crores.

A revenue growth of six percent has been registered by the defence PSU in 2018-19 FY as compared to 3.8 percent in the last fiscal.

In the recently concluded fiscal, the 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. HAL has built 12 new ALHs against the contract of 40, out of which six were produced ahead of schedule for the Indian Army.

“The company’s performance in 2018-19 FY has encouraged it 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 said.

The HAL expects continued excellent MoU rating for the FY 2018-19 from the centre for meeting all the relevant parameters related to its performance.

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