HAL turnover all time high at 17,406 crores, receives orders worth Rs 21,000 cr -Governance Now

HAL turnover all time high at 17,406 crores, receives orders worth Rs 21,000 cr

HAL is looking forward to get ‘Excellent’ MoU rating for 2016-17 fiscal from the government as it fulfills all the relevant parameters related to its performance

GN Bureau | April 4, 2017

#turnover #HAL #PSU

Hindustan Aeronautics Limited (HAL), a Navratna CPSE, has achieved the highest ever turnover of Rs 17,406 crores for the 2016-17 fiscal.

“It is business as usual for us with the PSU doing well on expected lines. We also contributed around Rs 800 crores to the government exchequer by way of interim dividend. This is in addition to Rs 162 crores paid to government as dividend tax. The PBT stood at Rs 3,294 crores”, said CMD, HAL, T Suvarna Raju.

HAL is expecting ‘Excellent’ MoU rating for 2016-17 fiscal 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 crores and the PBT was at Rs 3, 288 crores.

Some of the highlights of the previous financial year included production of 12 Su-30 MkI aircraft in Phase-IV, 24 ALH, overhauling of 197 aircraft / helicopters, 473 engines and production of 178 new aero-structures. The company received orders worth Rs 21,000 crores 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 30 MkI. The year also witnessed maiden flight of HTT-40 and 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 1200 kW Tourboshaft engine (HTSE 1200).

Comments

Other News

‘Oral cancer deaths in India cause productivity loss of 0.18% GDP’

A first-of-its-kind study on the economic loss due to premature death from oral cancer in India by the Tata Memorial Centre has found that this form of cancer has a premature mortality rate of 75.6% (34 premature events / 45 total events) resulting in productivity loss of approximately $5.6 billion in 2022

Days of Reading: Upendra Baxi recalls works that shaped his youth

Of Law and Life Upendra Baxi in Conversation with Arvind Narrain, Lawrence Liang, Sitharamam Kakarala, and Sruti Chaganti Orient BlackSwan, Rs 2,310

Voting by tribal communities blossoms as ECI’s efforts bear fruit

The efforts made by the Election Commission of India (ECI), over last two years, for inclusion of Particularly Vulnerable Tribal Groups (PVTG) communities and other tribal groups in the electoral process have borne fruit with scenes of tribal groups in various states/UTs participating enthusiastically in t

GST revenue for April 2024 at a new high

The gross Goods and Services Tax (GST) collections hit a record high in April 2024 at ₹2.10 lakh crore. This represents a significant 12.4% year-on-year growth, driven by a strong increase in domestic transactions (up 13.4%) and imports (up 8.3%). After accounting for refunds, the net GST

First Magahi novel presents a glimpse of Bihar bureaucracy a century ago

Fool Bahadur By Jayanath Pati (Translated by Abhay K.) Penguin Modern Classics, 112 pages, Rs 250 “Bab

Are EVs empowering India`s Green Transition?

Against the backdrop of the $3.5 billion Production-Linked Incentive (PLI) scheme launched by the Government of India, sales of Electric Vehicles (EVs) are expected to grow at a CAGR of 35% by 2032. It is crucial to take into account the fact that 86% of EV sales in India were under the price bracket of $2