HAL aims for higher revenue -Governance Now

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.

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