HAL turnover crosses Rs 19,400 crores in 2018-19 FY -Governance Now

HAL turnover crosses Rs 19,400 crores in 2018-19 FY

HAL has produced 41 new aircraft/helicopters and 98 new engines and has carried out overhaul of 213 aircraft/helicopters and 540 engines in 2018-19 FY

GN Bureau | April 8, 2019

#HAL #PSU #turnover #profit #revenue #aircraft #helicopters

Hindustan Aeronautics Limited had clocked a turnover of Rs 19,400 crores (provisional and unaudited) for 2018-19 fiscal as compared to the previous fiscal’s Rs 18,284 crores.

A revenue growth of six percent has been registered by the defence PSU in 2018-19 FY as compared to 3.8 percent in the last fiscal.

In the recently concluded fiscal, the HAL has produced 41 new aircraft/helicopters and 98 new engines and has carried out overhaul of 213 aircraft / helicopters and 540 engines. HAL’s R&D projects are on track and are tailor made for the requirement of the armed forces. HAL has built 12 new ALHs against the contract of 40, out of which six were produced ahead of schedule for the Indian Army.

“The company’s performance in 2018-19 FY has encouraged it to focus more on design and development of indigenous products and technologies, develop aerospace and defence manufacturing eco-system and to be more dedicated towards meeting the current and future requirements of customers,” said R Madhavan, CMD-HAL. This strategy will also help HAL to be on the growth track in meeting the expectations of the shareholders, he said.

The HAL expects continued excellent MoU rating for the FY 2018-19 from the centre for meeting all the relevant parameters related to its performance.

Comments

Other News

Study flags accessibility and last-mile challenges on Mumbai Metro Aqua Line

Mumbai Metro Line 3 (Aqua Line), the city`s first fully underground metro corridor and one of its largest public transport investments, represents a major engineering achievement and has been widely welcomed by commuters. However, the overall commuter experience continues to be constrained by accessibili

Centre intensifies preparedness as El Niño threat looms

Amid uncertainty in the southwest monsoon due to the potential impact of El Niño, the government is addressing the situation with comprehensive preparedness, a clear strategy, and strong ground-level action. While challenges remain, the entire system has been activated in advance and is working proa

India is crossing a climate threshold

On June 28, Delhi recorded a maximum temperature of 41.3°C, four degrees above the seasonal normal. But the “feels like” temperature, which factors in humidity, showed more than 51°C. What the body experienced was very different from what the thermometer recorded. India`

The Geography of India’s inflation

India today finds itself in an unusual position. At a time when geopolitical conflicts, trade fragmentation, and supply-chain disruptions are reshaping the global economy, the country`s macroeconomic fundamentals remain relatively upwards. Growth remains among the highest in the world, inflation has larg

How to listen to the great storytellers that the trees are

The Trees of My Country: A Natural History of India in 50 Trees By T. R. Shankar Raman, with illustrations by Manali Patil Aleph Book Company, 284 pages, Rs 1,499

This tree in Bihar turns out to be the oldest accurately dated banyan

A banyan tree in Munger, Bihar, estimated to be around 700 years old, has been identified as the oldest accurately dated banyan tree, Ficus benghalensis, using radiocarbon dating, a method that relies exclusively on scientific evidence rather than historical records or local lore. Banyan