HAL turnover for FY14 up 6%

LCA, which is manufactured by HAL, received the initial operational clearance during FY14

Hindustan Aeronautics Limited (HAL), the Bangalore-based public sector defence company, has notched-up the highest ever turnover of Rs 15,180 crore for the financial year 2013-14, a growth of 6 per cent over the previous year. In 2012-13, the company had reported a turnover of Rs 14,324 crore.

“We crossed the psychological barrier of Rs 15,000 crore and the production has been pretty good as we produced 60 aircraft and helicopters, achieved the initial operational clearance (II) of LCA  and filed record 209 patents during the year,” said R K Tyagi, Chairman, HAL.

HAL’s Value of Production (VOP) for 2013-14, stood at Rs 15,296 crore as against the figure of Rs 14,202 crore of the previous year. The operating profit went up to Rs 1,651 crore in FY14 as against Rs 1,194 crore in FY13.

Some of the HAL highlights for 2013-14 included Initial Operational Clearance (IOC) received for Light Combat Aircraft (LCA), sea level, night level and high altitude trials successfully done for IJT, induction of first completely Indian manufactured Hawk Advanced Jet Trainer by INS Dega, Visakhapatnam, dedication of ALH-Dhruv, Garuda Vasudha to the nation for exploration of mineral wealth, contribution of structures for Mars Orbiter Mission (MOM) and Crew Module structure assembly for the Human Spaceflight Programme (HSP) to Indian Space Research Organisation (ISRO).

Besides the prudent financial management, the company took several initiatives on R&D front, indigenisation, quality, customer support, IT, HR and CSR.  

HAL played a key role during the Uttarakhand flood relief operation during July 2013 as its ALH-Dhruv performed effectively in a massive rescue and relief operation, clocking more than 600 hours of flying, the company said in a statement.