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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