Military Aerospace Internal Security SP's Exclusive Our Advertisers    
  Home >> News > News Brief  


HAL Signs MoU with Government; Aims Higher Revenue

July 12, 2017: HAL signed a Memorandum of Understanding (MoU) for the financial year 2017-18 with Ministry of Defence (MoD) in Delhi yesterday. The annual MoU was signed between Mr Ashok Kumar Gupta, Secretary, Department of Defence Production and Mr T Suvarna Raju, CMD-HAL.

The MoU outlines targets on various performance parameters of the Company during the year 2017-18. The revenue from operations has been targeted at Rs. 17,900 crores, the highest ever. The Company has also laid specific emphasis on Capacity building, Modernization, Solar Power plants, aiming to achieve capital expenditure of Rs.1300 crores.

The Company’s thrust is on Make-in-India projects such as Hindustan Turboprop Trainer-40 (HTT-40), Light Combat Helicopter (LCH) and Light Utility Helicopter (LUH). Among the important milestones targeted to be achieved include clearance by DGCA for civil version of Do-228 aircraft, Jaguar DARIN-III Upgrade and Mirage 2000 Upgrade. The Company also aims to achieve 5% increase in indigenous content through indigenisation under Make-in-India initiatives.


Photo Credit: HAL

SP's MAI June 1-30, 2017
Subcription Price:
   24 Issue
> INR 1,320/-
> USD $325
SP's Military Yearbook
Rs. 1200/US$320
per year

SP's Aviation
Rs. 600/US$180
per year

SP's Land Forces
Rs. 600/US$180
per year

SP's Naval Froces
Rs. 600/US$180
per year

SP's AirBuz

Supplement to
SP's Aviation 5/2017
  SP Guide Publications Pvt Ltd  
  Copyright © 2014 SP Guide Publications Pvt Ltd. All Rights Reserved  
  Designed & Maintained by SP Guide Publications