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

How to improve India’s crèche system

India stands at a pivotal moment, caught between the promise of a demographic dividend and the crisis of gender inequality. While falling fertility rates, rising female education, and increasing labour force participation signal progress, policymakers continue to neglect one of the most invisible yet vital

Why trademarking ‘Operation Sindoor’ is not advisable

The question of whether the name ‘Operation Sindoor’ or even the standalone term ‘Sindoor’ can be registered as a trademark becomes complex and sensitive when viewed through the lens of its prior use by the Indian armed forces in a counter-terrorism operation. In such cases, the iss

JPC on simultaneous elections hold consultations in Maharashtra

The Joint Committee on the Constitution (One Hundred and Twenty-Ninth Amendment) Bill, 2024, and the Union Territories Laws (Amendment) Bill, 2024, has conducted extensive consultations with key stakeholders in Maharashtra regarding the feasibility and implications of simultaneous elections.

Leadership secrets of Rohit Sharma

The Rise of the Hitman: The Rohit Sharma Story By R. Kaushik Rupa Books, 232 pages, Rs 595 With Ro

Operation Sindoor combined hard power with diplomatic finesse

Since guns have fallen silent in India and Pakistan following their ceasefire after four days of conflict, attention has now shifted to New Delhi’s next steps. The Indian government, as per media reports, is considering sending a multi-party delegation to several countries to engage with foreign gove

Rajnath Singh calls upon IMF to reconsider financial assistance to Pakistan

Stating that Pakistan has again started to rebuild its terror infrastructure destroyed by India, defence minister Rajnath Singh called upon the International Monetary Fund (IMF) to reconsider its one-billion-dollar assistance to Islamabad and refrain from providing any support in future as well.

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