HAL records Rs 18,000 cr turnover in FY18
HAL records Rs 18,000 cr turnover in FY18
State-owned Hindustan Aeronautics Ltd today said it has recorded a turnover of over Rs 18,000 crore for the 2017-18 fiscal ended March 31, up just 2.24 per cent year-on-year.
HAL had reported a turnover of Rs 17,605 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" 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 March.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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