HAL records Rs18,000 crore turnover in FY181 min read . Updated: 02 Apr 2018, 07:42 PM IST
During FY 2017-18, HAL produced 40 new aircraft/helicopters and 105 new engines besides carrying out overhaul of 220 aircraft/ helicopters and 550 engines
New Delhi: State-owned Hindustan Aeronautics Ltd (HAL) on Monday said it has recorded a turnover of over Rs18,000 crore for the 2017-18 fiscal ended 31 March, up just 2.24% year-on-year.
HAL had reported a turnover of Rs17,605 crore in the previous fiscal. The latest figure is provisional and unaudited, the company said. In a regulatory filing, the company said it expects continued “excellent" memorandum of understanding (MoU) rating for the 2017-18 on meeting all the relevant parameters related to its performance.
“During the FY 2017-18, the company has produced 40 new aircraft/helicopters and 105 new engines. The company has also carried out overhaul of 220 aircraft/ helicopters and 550 engines," HAL said in a BSE filing.
The company further said it has received order of 41 advanced light helicopters and 8 Chetak helicopters from the Indian Armed Forces in the 2017-18 financial year ended 31 March.