You are here: Home » PTI Stories » National » News
Business Standard

HAL signs MoU with Government; aims at Rs 17,900 cr revenue

Press Trust of India  |  Bengaluru 

: HAL has targetted the highest ever from its operations at Rs 17,900 crore for 2017-18 under a Memorandum of Understanding (MoU) with (MoD).

The company has also laid specific emphasis on capacity building, modernisation and solar power plants, aiming to achieve capital expenditure of Rs 1,300 crore, HAL said here.

The annual MoU, signed between Ashok Kumar Gupta, Secretary, Department of Defence Production, and T Suvarna Raju, CMD-HAL, outlines targets on various performance parameters of the Company during 2017-18.

HAL's thrust is on Make-in-projects such as Hindustan Turboprop Trainer-40 (HTT-40), Light Combat Helicopter (LCH) and Light Utility Helicopter (LUH), the company said in a statement here.

Among the important milestones targeted to be achieved include clearance by for civil version of Do-228 aircraft, Jaguar DARIN-III Upgrade and Mirage 2000 Upgrade.

The Company also aims to achieve five per cent increase in indigenous content through indigenisation under Make-in-initiatives, the statement said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, July 12 2017. 13:57 IST