HAL’s record turnover in FY 2017-18
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