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


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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