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

#HAL #PSU #turnover #profit #revenue #aircraft #helicopters

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.

Comments

Other News

Bhashini provides translation support at this great congregation of languages

The Ministry of Electronics and Information Technology (MietY) has offered technological support at the Maha Kumbh in Prayagraj being held from January 13 to February 26, 2025 with the integration of Bhashini for multilingual accessibility. ‘Digital Lost & Found Solution&rs

CSIR’s new Innovation Complex to foster translational research, industry collaboration

India is home to many small and big industries where research is carried out, yet many innovators are not able to find a platform to bring their ideas into fruition. Despite having a vast network of government laboratories that perform ground breaking research, these innovations struggle to translate into

Deepa Malik and the incredible story of her indomitable spirit

Bring It On: The Incredible Story of My Life By Deepa Malik HarperCollins, 312 pages, Rs 499

RINL gets Rs 11,440 crore revival plan

The Cabinet Committee on Economic Affairs (CCEA), chaired by PM Narendra Modi, has approved the revival plan for RINL for a total of Rs 11,440 crore. The infusion includes ₹10,300 crore as equity capital into Rashtriya Ispat Nigam Ltd. (RINL) and Conversion of ₹1,140 crore working capital loan as 7% No

How SpaDeX Mission revolutionises space exploration

In a historic achievement, the Space Docking Experiment (SpaDeX) mission’s docking operation was successfully completed on Thursday, marking India’s entry into the elite group of nations capable of executing space docking operations. With this success, India becomes the fourth country in the wo