ICRA has assigned a long term rating of double A and a short-term rating of A one plus for the company's bank facilities with stable outlook.
HAL is majorly owned by the government and has a strategic role in the defence programme.
The HAL and Safran Helicopter Engines, had entered into a joint venture to set up this helicopter maintenance plant at Honda village in North Goa
With zero cash balance, firm takes Rs 781-crore loan to pay salaries
HAL projects it will build the first two HTT-40 trainers in 2018, eight in 2019, and reach its capacity of 20 a year from 2020