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

Jal Jeevan Mission: 6.70 crore households provided with tap water connections

Since August 2019, Government of India, in partnership with States, is implementing Jal Jeevan Mission (JJM) to make provision of potable tap water supply every rural household by 2024. As many as 6.70 crore households have been provided with tap water connections in the 35 months, since Aug

Cloud inclusivity: Ensuring highly regulated organisations are ready for a cloud-first world

Over the last few years, cloud has been able to create a special place for itself amongst fast moving, competitive and growth-led organisations. As the technology became an imperative, it has undoubtedly created unique business opportunities and isbecoming an anchor for innovation for leading businesses gl

1.29 crore voters chose NOTA in five years

None-of-the-above, or NOTA – the option introduced for voters in 2013 when they don’t want to support any of the candidate – has made some progress. In the past five years, NOTA has secured 1,29,77,627 votes in state assembly elections and Lok Sabha election, according to an analysis by t

India committs to reduce Emissions Intensity of GDP by 45% by 2030

India stands committed to reduce Emissions Intensity of its GDP by 45 percent from the 2005 level by 2030 and achieve about 50 percent cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030. The country’s India’s updated Nationally Determined Contributi

5G spectrum auction grosses Rs. 1,50,173 crore

The government had put 72,098 MHz spectrum to auction, of which 51,236 MHz (71% of the total) has been sold with bid amounting to Rs. 1,50,173 crore. Adani Data Networks Ltd has obtained 400 MHz spectrum in mm wave band (26 GHz). Bharti Airtel Ltd has obtained 19,867.8 MHz in 900, 1800, 2100

Delhi has been getting hotter since 2020

A steep rise has been recorded over the past three years in pre-monsoon surface air temperature, land surface temperature and relative humidity in Delhi/NCR, whereas there is no such increase in relative humidity. This is a cause of concern, Dr Jitendra Singh, minister of state (independent

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