HAL Records Over Rs 15k Cr Turnover

Bengaluru: Hindustan Aeronautics Limited (HAL) registered its highest ever profit in the financial year 2014-15. According to a release issued here, the public sector undertaking recorded a turnover of Rs 15,480 crore (provisional) in 2014-15, as against Rs 15,128 crore achieved in FY 2013-14. ?Our performance is in line with the MoU signed with the Ministry of Defence and we expect an ?Excellent? rating for FY 2014-15. The capital expenditure (CAPEX) target of Rs 900 crore has been achieved and we are happy on the indigenisation front. Over 2,000 items were produced, resulting in savings of Rs 100 crore,? said HAL chairman and managing director T Suvarna Raju. 05/04/15 New Indian Express

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Categories: Indian Aviation- In General Apr 2015