Sunday, September 10, 2017

HAL orderbook of Rs 41,000 crore very low for aeronautical industry

Bengaluru: HAL Chairman and Managing Director T Suvarna Raju the company's order book of Rs 41,000 crore is very low for an aeronautical industry and hoped to book fresh orders soon.

"We do have an order book today of Rs 41,000 crore, which is very very low for an aeronautical industry," Raju said.

He said "We have to only produce about 35 Sukhoi-30 aeroplanes, that's in the next three years and then there is nothing else left for us unless we start booking orders." Stating that HAL is eagerly looking for 83 LCAs which has been cleared, Rajus said "otherwise there is no fixed wing aircraft production in the next five years to come."
However, the basic trainer aircraft HTT-40 would start the stalling and spinning tests in the next 45 days and HAL would take a production decision by the beginning of next year, he said, adding that servicing contributes to about 20 per cent of HAL's turnover while the manufacturing line is depleting.
Raju was speaking at the Air Chief Marshal LM Katre memorial Lecture organised by Air Force Association, Karnataka, in association with HAL and Aeronautical Society of India.
09/09/17 PTI/Economic Times