HAL conferred with ‘SCOPE Excellence Award’

The Hindustan Aeronautics Limited (HAL) has been conferred with ‘SCOPE Excellence Award’ for outstanding contribution to the Public Sector Management. The President of India Pranab Mukherjee presented the prestigious award to T. Suvarna Raju, Chairman and Managing Director of HAL at Delhi recently.

On receiving the award, Raju said, “Bestowal of SCOPE Excellence Award validates the work we are doing at HAL with passion. The award further motivates us to excel and deliver on our promises”. The coveted award was presented to HAL under institutional category for the year 2011-12.

Significantly, HAL’s turnover has surged to ` 16,524 crore for the financial year 2015-16 with PBT standing at ` 3,210 crore for the year. HAL made a contribution of ` 4,284 crore to the government as buyback of 25 per cent of the share capital and free reserves apart from paying a dividend of ` 510 crore for the FY 2015-16.