Business Standard

A point for HAL Nashik to ponder: What after Sukhoi-30MKI fighters?

Used to totting up over Rs 6,000 crore each year from the assembly of 15-16 Sukhoi-30MKIs, HAL's Nashik division is now scrabbling for orders

HAL Nashik
Premium

HAL Nashik

Ajai Shukla New Delhi
Since 2005, when Hindustan Aeronautics Ltd (HAL), Nashik, delivered the first “Made in India” Sukhoi-30MKI fighters, it has been HAL’s most lucrative cash cow.
 
Referred to as the “MiG Complex” since it was established in 1964 for licence manufacture of MiG-21FL aircraft, the Nashik division has traditionally generated 30-33 per cent per cent of HAL’s annual turnover. Last year, it generated Rs 7,000 crore out of HAL’s total turnover of Rs 22,700 crore.
 
This year, however, HAL’s leadership in Bengaluru is staring at the drying of its steadiest and largest income stream — the licensed manufacture in Nashik

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 30 2021 | 6:08 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com