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

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).

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