At Rs 29,810 crore, HAL reports highest revenue from operations

Apr1,2024



Bengaluru: Defense PSU Hindustan Aeronautics Limited (HAL) on Monday said it has recorded its highest ever revenue from operations of over Rs 29,810 crore for the financial year 2023-24. This represents double-digit growth of nearly 11%, surpassing last year's growth of 9%. The corresponding figure for fiscal year 2022-23 was Rs 26,928 crore.
HAL CMD CB Ananthakrishnan said, “Despite major supply chain challenges geopolitical issuesThe company delivered expected revenue growth with strong performance throughout the year. As of March 31, 2024, our order book stands at an impressive Rs 94,000 crore, with additional large orders expected during FY 2024-25.
HAL achieved new security manufacturing contract Further repair and overhaul (ROH) contracts worth more than Rs 19,000 crore are worth more than Rs 16,000 crore during FY 2023-24. Notably, it signed an export contract with Guyana Defence Force For the supply of two Hindustan-228 aircraft, which were delivered in record time within a month of the signing of the contract.
“HAL has had an eventful year with high-profile visits, significant achievements in customer satisfaction, branding, identity and building stakeholder trust and confidence. The maiden flight of the first production series fighter aircraft of LCA Mk1A on March 28 was a major milestone,” HAL said.
Saying that it continues to explore opportunities for collaboration and technology development by tying up with global and Indian partners, HAL said that during the year, it has signed agreements with General Electric, US for the manufacturing of Transfer of Technology (TOT) and GE. Signed an MoU with. -414 aero-engines in India for LCA MK2 aircraft.
This program will facilitate 80% technology transfer, and additionally, HAL has entered into a joint venture with Safran Helicopter Engines, France, for the indigenous design and development of engines for the Indian Multi-Role Helicopter (IMRH), “Successful Helicopter Engines”. Private Limited” was formed. and deck-based multi-role helicopter (DBMRH).
It also signed a contract with Airbus to set up maintenance, repair and overhaul (MRO) facilities for the A320 family aircraft.



Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *