HAL turnover at ₹17,400 crore

Hindustan Aeronautics Ltd has achieved a turnover of ₹17,406 crore for the financial year ended March 31, 2017, 4% higher than the year before. Profit before tax was ₹3,294 crore, barely above last year’s PBT. “The company is doing well on expected lines. We contributed around ₹800 crore to the government exchequer by way of interim dividend. This is in addition to ₹162 crore paid as dividend tax,” a release quoted HAL CMD Mr T. Suvarna Raju as saying. For the previous year, the audited turnover was ₹16,736 crore and pre-tax profit ₹3,288 crore.  During fiscal 2016-17 the company received orders worth 21,000 crore that included 12 Dornier-228 aircraft for the Indian Navy; 32 ALH light helicopters for the Navy and the Coast Guard; and AL-31 FP engines for the fighter Sukhoi-30 MkI. The year also saw the first flight of two HAL-designed aircraft—basic trainer HTT-40 and the Light Utility Helicopter LUH, besides carriage trials of the indigenous light fighter LCA fixed with a mid-air refuelling probe. On the aeroengines front, HAL launched the metal cutting for its 1200-kW HTSE 1200 turboshaft engine.

Source: http://www.thehindu.com/

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