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IAF holds back Rs 20,000 crore from HAL, as foreign vendors get paid

With zero cash balance, firm takes Rs 781-crore loan to pay salaries

Topics
Hindustan Aeronautics  |  Indian Air Force  |  Iaf

Ajai Shukla  |  Bengaluru 



Fully built Tejas fighters await delivery to the Indian Air Force
Fully built Tejas fighters await delivery to the Indian Air Force

By the end of this financial year, the (IAF) will soon owe Ltd (HAL) dues of Rs 20,000 crore, says its Chairman, R Madhavan, including Rs 7,000 crore carried forward from last year.

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First Published: Mon, January 07 2019. 02:19 IST

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