HAL posted revenue growth of 6 per cent with a turnover of 19,400 crore for the financial year ending 31 March. The company made 18,000 crore in revenues for the year 2017-2018, Economic Times has reported.
In a press release HAL chairman and managing director R Madhavan, said. "The performance of the company in 2018-19 has encouraged us to focus more on design and development of indigenous products and technologies, develop aerospace and defence manufacturing ecosystem and to be more dedicated towards meeting the current and future requirements of of customers."
For the financial year, the company produced 12 new ALHs against the contract of 40. It carried out overhaul of 213 aircraft or helicopters and 540 engines, manufacturing 41 new aircraft or helicopters and 98 new engines for the year 2017-2018.
It was earlier reported that the HAL had also managed to stick to deadlines when it comes to manufacturing Light Combat Aircraft (LCA) Tejas. Till date HAL has rolled out 16 of the aircraft.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.