HAL turnover at Rs. 17,406 crore; receives orders worth Rs. 21,000 crore
Public sector undertaking Hindustan Aeronautics Limited (HAL) has achieved the highest ever turnover of Rs. 17,406 crore for the financial year ending March 31, 2017. “It is business as usual for us with the company doing well on expected lines. We also contributed around Rs. 800 crore to the government exchequer by way of interim dividend. This is in addition to Rs. 162 crore paid to government as dividend tax. The PBT stood at Rs. 3,294 crore,” said T. Suvarna Raju, Chairman and Managing Director of HAL.
The company expects ‘Excellent’ MoU rating for the FY 2016-17 from the government as it has met all the relevant parameters related to its performance. HAL’s total sales for the year 2015-16 stood at Rs. 16,736 crore and the PBT was at Rs. 3,288 crore.
Some of the highlights included production of 12 Su-30MKI aircraft in Phase-IV; 24 advanced light helicopter (ALH); overhauling of 197 aircraft / helicopters, 473 engines and production of 178 new aero-structures. It received orders worth Rs. 21,000 crore that included 12 Do 228 aircraft for the Indian Navy; 32 ALH for the Indian Navy and the Coast Guard and AL-31 FP engines for Su-30MKI. The year also witnessed maiden flight of HTT-40 and the light utility helicopter (LUH) in addition to carriage trials of LCA with fixed air-to-air refuelling probe. HAL attained 100 per cent RPM for 25 kn turbofan engine (HTFE-25) and launched metal cutting for 1,200 kW turboshaft engine (HTSE 1200).