BENGALURU: State-run aerospace behemoth Hindustan Aeronautics Limited (HAL) has targeted Rs 17,900 crore revenue from operations for the year, the company said here on Wednesday, This is the highest ever target for the firm’s revenue from operations, it added.
HAL has inked a pact with the defence ministry for the production of a range of aircraft for the armed forces in the current fiscal. It also aims at achieving a capital expenditure of Rs 1,300 crore with emphasis on capacity building, modernisation, solar power plants.
The ministry said HAL’s focus in the year will be on production of Turbo Trainer-40 (HTT-40), Light Combat Helicopter (LCH) and Light Utility Helicopter (LUH). The HAL HTT-40 aircraft project has been proposed by HAL for an indigenous replacement for the Indian Air Force’s retired HPT-32 Deepak as a basic trainer.
“Among the important milestones targeted to be achieved include, clearance by the director-general of civil aviation for the civil version of Dornier-228 aircraft, Jaguar DARIN-III upgrade and Mirage 2000 upgrade,” it said. The Dornier 228, a 19-seater, short take-off and landing aircraft, is expected to have an increase in maximum take-off weight, a more powerful engine and propeller blades.
The company also aims to achieve a five per cent increase in indigenous content through indigenisation under Make-in-India initiatives. The MoU was signed between Ashok Kumar Gupta, secretary, Department of Defence Production, and T Suvarna Raju, CMD, HAL. It also outlined the targets of the company on various parameters during the year.