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.


Also Read: Is Defence Minister Right About Incapability Of HAL To Produce Rafale Jets?


Written by : Sumanti Sen

Edited by : Ridhima Gupta

Share your thoughts..

Related Stories

Hindustan Aeronautics Limited

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

Global Heatwave

Ongoing Global Heatwave Is Setting All-time Hottest Temperature Records All Over

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

Bengaluru: A Vigilant Traffic Warden Reunites Missing 2-Year-Old With Her Parents


Sabarimala Shrine Opens Amid Violence; Kerala CM Says Rituals Must Change With Time


Pune: Woman Allegedly Boycotted At Dandiya Event Because She Refused “Virginity Test” After Marriage


Delhi Police On Lookout For Ex-BSP MP’s Son Who Waved A Gun Outside Posh Hotel


Bengaluru: Two Men Siphon Off Lakhs From Businessmen By Hacking Their SMSs & Stealing Card Details


Central University Teachers May Now Be Dismissed For Speaking Against The Government, Says UGC Order


Stories that deserve attention, delivered to your inbox!

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