Bengaluru April 12, 2016:
HAL has been conferred with ‘SCOPE Excellence Award’ for outstanding contribution to the Public Sector Management. Pranab Mukherjee, President of India, presented the prestigious award to lT Suvarna Raju, CMD, HAL on Public Sector Day celebrations held at Delhi yesterday.

On receiving the award, Raju said, “Bestowal of SCOPE Excellence Award validates the work we are doing at HAL with passion. The award further motivates us to excel and deliver on our promises”.

‘Focus on execution’, is one single factor, which has yielded excellent returns both in terms of boosting the profitability and also strengthening the brand image of HAL, CMD added.

The coveted award was presented to HAL under institutional category for the year 2011-12.

Significantly, HAL’s turnover has surged to Rs 16524 crores for the financial year 2015-16 with PBT standing at Rs 3210 crores for the year. HAL made a contribution of Rs 4284 crores to the government as buyback of 25 percent of the share capital and free reserves apart from paying a dividend of Rs 510 crores for the FY 2015-16.

Anant G. Geete, Minister for Heavy Industries & Public Enterprises, Mr. G M Siddeshwara, Minister of State for Heavy Industries and Public Enterprises, A Luikham, Secretary DPE, R G Rajan, Chairman SCOPE and CMD RCFL were present on the occasion.