29 September 2018

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HAL Reports Highest Profits even if ignored by BJP Government

HAL Reports Highest Profits even if ignored by BJP Government
HAL had on Friday, held its 55th Annual General Body Meeting of Shareholders, first after its listing.

Hindustan Aeronautics Limited (HAL) has achieved significant growth in revenue and profits
In a statement CMD R Madhavan said "We have recorded the highest ever turnover of Rs 18,28,386 lakhs in 2017-18 financial year compared to previous year's turnover of Rs 17,60,379 lakhs,"

Profit Before Tax for the year was Rs 3,32,284 lakhs as against Rs 3,58,258 lakhs in previous year, Madhavan said adding the Profit After Tax (PAT) for the year was Rs 2,07,041 lakhs.

HAL produced 40 aircraft and helicopters covering Su-30 MKI, LCA Tejas & Dornier Do-228 in fixed wing and ALH Dhruv and Cheetal Helicopters in rotary wing, Madhavan noted.

In addition, HAL produced 105 new engines, overhauled 220 aircraft, helicopters and 550 engines, he said.

Also, as many as 146 new aero-structures for space programs were produced during the period, he added.

The Light Combat Aircraft (Tejas LSP8) has successfully completed the Wet (actual) engagement today by transferring 1900 Kgs fuel from IAF IL78 mid-air refueling tanker. The refueling was carried out at an altitude of 20000 ft.  The aircraft speed was 270 knots and all the internal tanks and drop tanks were refueled. A few days ago, the successful dry docking of aerial refueling probe with mother tanker was carried out on September 4 and 6, 2018,

With this, India joins the elite group of countries who have developed the Air-to-Air (AAR) system for military class of aircraft, says Mr R Madhavan, CMD, HAL.

Piloted by Wg Cdr Siddarth Singh of NFTC, this significant milestone was achieved today at 0930 hrs with designers from HAL and ADA closely monitoring the system parameters from the ground station at Gwalior.

The performance of aircraft systems (mainly Fuel & Flight controls systems) during the trial were in-line with the design requirements and was closely matching with the results of extensive ground tests of air-to-air refueling system.

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Saturday, September 29,2018

Tags – HAL Profit Info