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Nirmala Sitharaman meets top brass of HAL

Press Trust of India  |  New Delhi 

Wednesday met the top brass of the HAL and assured them of all required assistance to help the firm come out of the current financial crisis, official sources said.

Gen. Bipin Rawat, and B S Dhanoa were among those present at the meeting, they said.

The meeting came amid increasing attack on the government by the following reports of severe financial crisis in the (HAL) which produces a variety of attack helicopters and fixed wing aircraft.

HAL Chairman and Managing apprised Sitharaman about the financial condition of the public sector undertaking and steps being initiated to overcome the difficulties.

It is learnt that he has requested the IAF to clear the pending dues which is in the range of around 15,000 crore, the sources said.

Replying to the debate on the Rafale deal in Parliament, last week said the government had provided HAL orders worth Rs 1 lakh crore.

Days later, a media report claimed that "not a single rupee of the said Rs 1 lakh crore has come to HAL, since not a single order, as claimed, has been signed till now". The media report cited senior HAL management officials in order to back its claim.

There was another report which said HAL was even struggling to pay salaries to its employees and have taken loans to tide over the crisis.

Following the reports, accused Sitharaman of "lying" and alleged that the was weakening the state-run

Sitharaman rejected the charges, and said HAL has signed contracts worth Rs 26,570.8 crore between 2014 and 2018 and contracts worth Rs 73,000 crore are in the pipeline.

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

First Published: Wed, January 09 2019. 21:06 IST