HAL turnover at ₹17,400 crore

Dornier aircrafts seen lined up ready for action at the Air Force Station in Yelanhanka. This year, HAL received orders 12 Dornier-228 aircraft for the Indian Navy.

Hindustan Aeronautics Ltd has achieved a turnover of ₹17,406 crore for the financial year ended March 31, 2017, 4% higher than the year before.

Profit before tax was ₹3,294 crore, barely above last year's PBT.

“The company is doing well on expected lines. We contributed around ₹800 crore to the government exchequer by way of interim dividend. This is in addition to ₹162 crore paid as dividend tax," a release quoted HAL CMD T. Suvarna Raju as saying.

For the previous year, the audited turnover was ₹16,736 crore and pre-tax profit ₹3,288 crore.

During fiscal 2016-17 the company received orders worth 21,000 crore that included 12 Dornier-228 aircraft for the Indian Navy; 32 ALH light helicopters for the Navy and the Coast Guard; and AL-31 FP engines for the fighter Sukhoi-30 MkI.

The year also saw the first flight of two HAL-designed aircraft—basic trainer HTT-40 and the Light Utility Helicopter LUH, besides carriage trials of the indigenous light fighter LCA fixed with a mid-air refuelling probe.

On the aeroengines front, HAL launched the metal cutting for its 1200-kW HTSE 1200 turboshaft engine.