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HAL’s Turnover  Surges to All Time High at Rs.  16524 Crores; Record Production of Hawk

Apr 5th, 2016 6:43 am | By | Category: LATEST NEWS

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HAL’s Turnover  Surges to All Time High at Rs.  16524 Crores; Record Production of Hawk, All Su-30s Produced from Raw Material Phase
This historic HAL’s turnover has surged to Rs 16524 crores for the Financial Year 2015-16. “It is all time high with PBT standing at Rs 3210 crores for the year”, says T. Suvarna Raju, CMD, HAL. All 12 Su-30 MKI aircraft produced during the year were from raw material phase while production of 17 Hawk aircraft is the highest ever achieved in a year”, he adds.

The production highlights of the year 2015-16 include 60 new aircraft and helicopters, overhauling of 229 aircraft and helicopters, 94 new engines, 446 engines overhauled and supply of 143 aerospace structures.  On ‘Make in India’ front 2021 items were indigenized which will result in FE savings of Rs 126 crores annually. More than 300 imported systems and sub-systems have been hosted on HAL’s website (Make in India section) to enable private industries to take up indigenization.

HAL has made a contribution of Rs 4284 crores to the Government as buyback of 25% of the share capital and free reserves apart from paying a dividend of Rs 510 crores for FY 2015-16.  The Company’s export stood at Rs 401 crores for the year.

The Company had achieved a turnover of Rs 15622 crores for FY 2014-15 and PBT of Rs. 3173 crores.  

The past year was extremely good for the Company with several milestones coinciding with the Platinum Jubilee year of the Company.  These include starting of core engine run of 25 kN engine, launching of  new Design and Development of 1200 kW turboshaft engine,  autonomous flight testing  and maiden flight of mini UAV and laying of the foundation stone for HAL’s new Helicopter manufacturing facility at Tumakuru in Karnataka, said Raju.

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