Hindustan Aeronautics Limited: The company has said in a statement that record revenue has been achieved through production of 44 new helicopters/aircraft and 84 new engines and repair of 203 aircraft/helicopters and 478 engines. Recently, HAL has received orders for the production of 15 Light Combat Helicopters (LCH) at a cost of Rs 3,887 crore.
State-owned Hindustan Aeronautics Limited (HAL)’s revenue touched a record Rs 24,000 crore during the financial year ended March 31. Due to this, the company’s revenue during the financial year 2021-2022 increased by six percent to the highest level of Rs 24,000 crore as compared to the revenue of Rs 22,755 crore received in the previous financial year.
R Madhavan, Chairman and Managing Director of the company said, “Despite the loss of production due to the challenges of the second wave of COVID-19 during the first quarter of last year, the company has achieved targeted revenue growth on the back of out performance during the remaining period of the year. able to complete it.”
During the second wave of Covid-19, Hindustan Aeronautics had to announce a phased lockdown in various divisions in April and May 2021. The employees worked late in June and July 2021 to make up for the loss in production during the lockdown. In addition, credit rating agencies Care Ratings and ICRA Ltd., based on their better financial performance and cash flow position, worked till late in the financial year. Upgraded the company’s credit rating from AA+Stable to AAA/Stable.
The company has said in a statement that record revenue has been achieved through production of 44 new helicopters/aircraft and 84 new engines and repair of 203 aircraft/helicopters and 478 engines. Recently, HAL has received orders for the production of 15 Light Combat Helicopters (LCH) at a cost of Rs 3,887 crore.
Of these, 10 helicopters will be for the Air Force and five for the Army. Keeping in view the better financial performance during the financial year under review, HAL paid interim dividend of Rs 40 per share at face value of Rs 10 per share during FY 2021-22.
