HAL’s record turnover in FY 2017-18

Vayu Aerospace and Defence - - Aviation & Defence Inindia -

Hin­dus­tan Aero­nau­tics Lim­ited recorded a turnover of over Rs. 18,000 crores (pro­vi­sional and unau­dited) for the year end­ing 31 March 2018 ( cor­re­spond­ing fig­ure for the pre­vi­ous year was Rs. 17,605 crores). The Com­pany ex­pects con­tin­ued ‘ Ex­cel­lent MoU’ rat­ing for the FY 2017- 18 for meet­ing rel­e­vant pa­ram­e­ters re­lated to its per­for­mance.

Dur­ing FY 2017-18, the Com­pany pro­duced 40 new air­craft/he­li­copters and 105 new en­gines, and also car­ried out over­haul of 220 air­craft/he­li­copters and 550 en­gines. HAL re­ceived or­ders for 41 Ad­vanced Light He­li­copters and 8 Chetak he­li­copters from In­dian Armed Forces dur­ing FY 201718. Amongst 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 the Su-30 MKI.

T Su­varna Raju, Chair­man & Man­ag­ing Di­rec­tor of HAL stated that,“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 of the In­dian Armed Forces.”

T. Su­varna Raju, Chair­man & Man­ag­ing Di­rec­tor of HAL

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