HAL aims for higher revenue

The revenue from operations has been targeted at Rs 17,900 crore

GN Bureau | July 18, 2017


#PSU   #HAL   #defence ministry   #higher revenue   #helicopter   #aircraft  

 Hindustan Aeronautics Limited (HAL) has signed an agreement for the financial year 2017-18 with the ministry of defence (MoD).

The MoU outlines targets on various performance parameters of the enterprise during the year 2017-18. The revenue from operations has been targeted at Rs 17,900 crore, the highest ever. The company has also laid specific emphasis on capacity building, modernization, solar power plants, aiming to achieve capital expenditure of Rs 1,300 crore.
 
The annual MoU was signed between secretary, department of defence production, Ashok Kumar Gupta and CMD, HAL, T Suvarna Raju.
The enterprises’ thrust is on Make-in-India projects such as Hindustan Turboprop Trainer-40 (HTT-40), Light Combat Helicopter (LCH) and Light Utility Helicopter (LUH). Among the important milestones targeted to be achieved include clearance by DGCA for civil version of Do-228 aircraft, Jaguar DARIN-III upgrade and Mirage 2000 upgrade. It also aims to achieve 5 percent increase in indigenous content through indigenisation under Make-in-India initiatives.
 

Comments

 

Other News

An ode to the cradle of humankind

The Alphabets of Africa: Poems By Abhay K. Vintage Classics, 280 pages, ₹499.00   Abhay K

Ahmedabad district railway network to be expanded

The Cabinet Committee on Economic Affairs, chaired by prime minister Narendra Modi, on Wednesday approved the Ahmedabad (Sarkhej) – Dholera Semi High-Speed Double Line project of Ministry of Railways with total cost of Rs. 20,667 crore (approx.). It will be Indian Railways 1st semi high-speed project

Indian Ocean more contested than ever: Western Naval Command Chief

The Indian Ocean is becoming increasingly contested and strategically significant as the Indo-Pacific emerges as the defining geopolitical theatre of the 21st century, Vice Admiral Krishna Swaminathan, Flag Officer Commanding-in-Chief of the Western Naval Command, has said.   Spe

Why the judiciary needs much more than four more judges

India has a particular form of governance theatre: the bold declaration that appears to be action but is actually a way of avoiding action. The Union Cabinet on May 5 approved a Bill to increase the sanctioned strength of the Supreme Court from 34 to 38. The decision has been touted as a step toward judici

Wisdom stories that don’t preach but encourage reflection

The Foundation Of A Fulfilling Life: Lessons from Indian Scriptures Deepam Chatterjee Aleph Books, 264 pages, Rs 899  

Citizens of the Bay: Why BIMSTEC matters now

The international order is drifting into a dangerous grey zone as the very powers that built today`s multilateral system begin to chip away at it. The United States has increasingly walked away from global rules and forums when they no longer suit its interests, while China has rushed to fill the vacuum on


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter