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

Soumya Swaminathan to head M S Swaminathan Research Foundation

Former World Health Organisation (WHO) chief scientist Soumya Swaminathan takes charge as chairperson of M S Swaminathan Research Foundation (MSSRF) from February 1.   Founded by her father, the legendary agricultural scientist M S Swaminathan, MSSRF was set up to accelerate the use of m

m-Governance: Key to Digital India

The digital revolution is being led by India. Digital governance is a key component of the government's ambition to transform India into a society where everyone has access to the internet. It includes both M-governance and E-governance, which are major methods for the delivery of services via mobile devic

A sacred offering of the beauty of ‘Saundarya Lahari’ – in English

Saundarya Lahari: Wave of Beauty Translated from the Sanskrit by Mani Rao HarperCollins, 218 pages, Rs 399 ‘Saundarya Lahari’, usually ascribed to Adi Shankaracharya, has a unique status among the religious-spiritual works of Hinduism.

The Boy Who Became the Mahatma

This year, as the nation commemorates the 75th death anniversary of Mahatma Gandhi on January 30, Rajesh Talwar, a prolific author who is also a legal advisor to the UN, is all set to release a play for children on non-violence chronicling the life of Mahatma Gandhi, ‘The Boy Who Became the Mahat

What makes Sundargarh the cradle of hockey in India

Neha Lakra, 20, doesn’t forget to practise hockey, at least for four hours, every day. Whether at home or at the Panposh sports hostel in Rourkela where she is training under the guidance of coaches, her routine doesn’t change. “I can’t sleep unless I have worked on the ground,&rdqu

Where the true sadhana of Vedanta is to be found

Somewhere Among the Stars: Reflections of a Mystic By Adi Varuni Kali/BluOne Ink, 282 pages, Rs 395 Decades ago, when an unknown N

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