After Rs 21,000-cr turnover in 2019-20, HAL eyes higher growth this year



Hindustan Aeronautics Limited (HAL) on Tuesday announced a record turnover of over Rs 21,100 crore (provisional and unaudited) for 2019-20. This amounts to a growth of 7 per cent over the previous year’s turnover of Rs 19,705 crore.

This achievement comes despite “difficulties in cash flows, interruptions in operations due to workmens' agitation and the interruption arising in March due to the Covid-19 lockdown. It has affected the final tests and certification of certain additional aircraft that were under final stages of production,” said HAL in a press release.

During the year 2019-20, HAL said it has delivered 31 aircraft/helicopters and 117 new engines. It has also overhauled 199 aircraft/helicopters and 490 engines.

Speaking to Business Standard after the announcement, HAL’s chairman R Madhavan said the company’s healthy order book made it likely that the coming year would see similar growth.

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