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

FM concludes pre-budget consultations

Union minister for finance and corporate affairs Nirmala Sitharaman has concluded the pre-budget consultation meetings for Budget 2023-24 that were held from November 21 to 28 in the virtual mode. More than 110 invitees representing seven stakeholder groups participated in eight meetings sch

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

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