STOCK MARKET BSE NSE

With Hawk Aircraft Feat, HAL Flies High last Fiscal

HAL’s turnover has risen just 5.77 per cent to Rs 16,524 crores from Rs 15,622 crore for the Financial Year 2015-16

Published: 07th April 2016 04:38 AM  |   Last Updated: 07th April 2016 04:38 AM   |  A+A-

BENGALURU: Hindustan Aeronautics Limited’s turnover has risen just 5.77 per cent to Rs 16,524 crores from Rs 15,622 crore for the Financial Year 2015-16, over the previous fiscal. But the growth was an improvement over the previous year, when it grew just 3.26 per cent.

“It is an all time high, PBT stands at Rs 3,210 crores for the year,” said T Suvarna Raju, CMD, HAL. The profit has risen just 1.17 per cent from Rs 3,173 crore for the corresponding periods.

“All 12 Su-30 MKI aircraft produced during the year were from the raw material phase, while this year’s production of 17 Hawk aircraft is the highest ever achieved in a year,” he added.

For the year 2015-16, HAL manufactured 60 new aircraft and helicopters, overhauled 229 aircraft and helicopters, while 94 new engines were produced and 446 engines were overhauled HAL also supplied 143 aerospace structures. 

On the ‘Make in India’ front, 2,021 items were indigenised, which will result in forex savings of Rs 126 crore annually. Over 300 imported systems and sub-systems have been hosted on HAL’s website to enable private industries to take up indigenisation.

Stay up to date on all the latest Business news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp