 "HAL, hindustan aeronautics")
Hindustan Aeronautics (HAL) on Monday announced the payment of interim dividend of Rs 33.25 per share, entailing a payout of around Rs 1,000 crore, mainly to the government.
HAL is also poised to scale another summit this year, with its operational turnover for 2019-20 on track to exceed Rs 20,000 crore — for the first time ever.
However, HAL has to take a bank loan to pay its interim dividend. That is because its finances are deep in the red because of huge dues from the Indian Air Force (IAF), by far HAL’s biggest customer.
Business Standard learns the IAF’s dues, which are
