HAL records highest turnover: CMD

INSUBCONTINENT EXCLUSIVE:
The Hindustan Aeronautics Limited (HAL) on Friday held its 55th Annual General Body meeting of shareholders, first after its listing. R
Madhavan, CMD, HAL in his address to the shareholders presented the performance highlights for the FY 2017-18 and discussed the future plans
of the company besides addressing the concerns of the shareholders
He acknowledged the trust and confidence of the Shareholders and reiterated his commitment to pursue growth opportunities for the Company
He said that in spite of the challenges, the Company has achieved significant growth in revenue and profits. The 55th Annual Report for the
FY 2017-18 was circulated to all the stake holders and the highlights include: The Company recorded highest ever turnover of Rs
18,28,386 Lakhs in comparison with the previous year turnover of Rs
17,60,379 Lakhs
Profit Before Tax for the year was Rs
3,32,284 Lakhs as against Rs.3,58,258 Lakhs in the previous year
The Profit After Tax (PAT) for the year was Rs
2,07,041 Lakhs.HAL produced 40 numbers of aircraft and helicopters covering Su-30 MKI, LCA Tejas Dornier Do-228 in fixed wing and ALH Dhruv
Cheetal Helicopters in rotary wing. In addition the Company produced 105 new engines, overhauled 220 aircraft/ helicopters and 550 engines
Also 146 new aero-structures for space programs were produced during the period