HAL achieves all time high turnover of over 18,000 crore

SP's MAI - - CORPORATE NEWS -

The Govern­ment owned Hin­dus­tan Aero­nau­tics Lim­ited recorded a turnover of over ` 18,000 crore (pro­vi­sional and unau­dited) for the year end­ing March 31, 2018, (cor­re­spond­ing fig­ure for the pre­vi­ous year was ` 17,605 crore). The Com­pany ex­pects con­tin­ued “Ex­cel­lent” MoU rat­ing for the FY 2017-18 from Govern­ment of In­dia on meet­ing all the rel­e­vant pa­ram­e­ters re­lated to its per­for­mance.

Dur­ing the FY 2017-18, HAL produced 40 new air­craft/heli- copters and 105 new en­gines. HAL also car­ried out over­haul of 220 air­craft/he­li­copters and 550 en­gines. The Com­pany also re­ceived or­der of 41 Ad­vanced Light He­li­copters and 8 Chetak he­li­copters from In­dian Armed Forces in the FY 2017-18. In the other ma­jor achieve­ments, the Com­pany re­ceived Ini­tial Op­er­a­tional Clear­ance (IOC) cer­tifi­cate for its Light Com­bat Helicopter (LCH), Cer­tifi­cate of Air­wor­thi­ness for its civil vari­ant Dornier Do-228 from DGCA, ac­cep­tance of Mi­rage 2000 up­grade by Air HQ af­ter its Fi­nal Op­er­a­tional Clear­ance, first suc­cess­ful run of Hin­dus­tan Turbo Shaft En­gine-1200 and suc­cess­ful test fir­ing of BrahMos mis­sile from Su-30 MKI, etc.

Chair­man and Man­ag­ing Di­rec­tor of HAL, T. Su­varna Raju, said: “The Com­pany strongly sup­ports the In­dian Armed Forces with its indige­nous and li­cence man­u­fac­tured prod­ucts. The Com­pany has also con­tin­ued to em­pha­sise on self-re­liance to­wards de­vel­op­ment of indige­nous prod­ucts, di­ver­si­fi­ca­tion into civil seg­ment, en­hance­ment of ca­pac­ity, sup­port de­vel­op­ment of de­fence man­u­fac­tur­ing eco-sys­tem by de­vel­op­ing do­mes­tic ven­dors (in­clud­ing MSMEs) and en­hance out­sourc­ing. Th­ese ef­forts will pro­vide steady growth of the Com­pany and op­por­tu­ni­ties to cap­i­talise on the fu­ture re­quire­ments aris­ing for In­dian Armed Forces.”

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