The Hindustan Aeronautics Limited (HAL) has been conferred with SCOPE Meritorious Award 2014-15 for Corporate Governance. Pranab Mukherjee, President of India, presented the award to T. Suvarna Raju, Chairman and Managing Director of HAL on April 11 at New Delhi coinciding with the ‘Public Sector Day celebrations’.
“I am happy to receive the prestigious award on behalf of HAL and its employees who are committed to the company’s growth and excellence. We will continue to maintain and enhance the highest standards of Corporate Governance we have set for the organisation,” said Suvarna Raju.
Anant G. Geete, Minister of Heavy Industries & Public Enterprises, Babul Supriyo, Minister of State for Heavy Industries and others were present on the occasion.
HAL complies with the Corporate Governance guidelines framed by the Department of Public Enterprises (DPE) and works for the optimum benefits of its stakeholders. The policies and procedures of the company are constantly reviewed and updated to ensure transparency in all aspects of the company’s working.