Amid Claims Over Incapability, Hindustan Aeronautics Limited Records Highest Ever Turnover

The Logical Indian Crew India

October 1st, 2018 / 10:26 AM

Hindustan Aeronautics Limited

Image Credits: Tejas.Gov.In (Representational)

Amid questions over the potential of Hindustan Aeronautics Limited (HAL), it has achieved remarkable growth in profits and revenue, with Rs. 18,28,386 lakh in Fiscal year (FY) 2017-18. It is the highest ever turnover by the company, last year the company made Rs 17,60,379 lakh. Defence Minister Nirmala Sitharaman had earlier raised questions on the production capacity of the public limited company.

According to reports by Deccan Chronicle, among the 40 aircraft and helicopters that HAL has produced includes ALH Dhruv and Cheetal Helicopters in the rotary wing, as well as Su-30 MKI, LCA Tejas and Dornier Do-228 in fixed wing. The company also underlined its production of 105 new engines and overhauling of 220 helicopters/ aircraft. It has also produced for space programs, 146 new aero-structures and 550 engines.

Company’s future plans

R Madhavan, HAL’s new Chairman and Managing Director (CMD) addressed his shareholders on HAL’s 55th Annual General Body Meeting, first after its listing, in the course of which these achievements were disclosed. The CMD in his address highlighted the company’s accomplishments and talked about the company’s future plans. He also addressed the shareholders’ concerns, The Economic Times reported.

“He acknowledged the trust and confidence of the Shareholders and reiterated his commitment to pursue growth opportunities for the Company. He said that in spite of the challenges, the Company has achieved significant growth in revenue and profits,” HAL said in a statement.

“HAL lacks production capability”

Defence Minister Nirmala Sitharaman had claimed that HAL’s lack of production capability was one of the reasons behind 126 Rafale Planes’ deal falling under the United Progressive Alliance (UPA) regime.

While talking to the ANI, one of the HAL’s Officials said, “We are producing so many complex platforms like Sukhoi and different versions of MiGs. So, with the help of the Original Equipment Manufacturer (OEM), we would have done it (Rafale) too,” as reported by the Deccan Chronicle.



Written by : Sumanti Sen

Edited by : Ridhima Gupta

Share your thoughts..

Related Stories

Unpaid Work Women Oxfam

Unpaid Work Done By Women Across The Globe Is 43 Times The Turnover Of Apple: Oxfam Study


Let’s Support The Villagers Who Made A Pond And Planted Trees In 400 Acres With Limited Resources

SBI Reports Net Loss Of Rs 7,718 Cr, Highest Ever In Its History

Bhushan Steel Limited Emerges Out Of Bankruptcy As Tata Steel Takes Over

My Story: I Was Earning 5 Rs/Day Now I Have A Company With A Turnover Of 1 Crore

Special Security

475 VIPs, Highest Ever, Are About To Get Special Security; Govt Looking To Trim List

Latest on The Logical Indian

Get Inspired

[Watch] “Show Me Your Strength By Lifting Somebody Up”: Obama Busts Myths Around Masculinity


ICICI-Videocon Case: CBI Issues Look Out Notice Against Chanda Kochhar, In Case She Tries To Leave The Country


In The Age Of Big Data: Karnataka’s Helavaru Community Preserves Ancestral Bloodline One Family At A Time

Get Inspired

Suit Yourself On The Runway: This Group Of Transgenders From Kolkata Are Tailoring Their Own Clothes


Week After Pulwama Attack, Home Ministry Approves Free Air Travel For Paramilitary Forces In Jammu & Kashmir


Public Sector Banks Write Off Loans Worth Rs 41,000 Crore; SBI Writes Off Rs 10,000 Crore Loan


Stories that deserve attention, delivered to your inbox!

Handpicked, newsworthy stories which deserve the attention of a rational generation.