Bangalore, Apr 3 UNI | 4 months ago

Navaratna Hindustan Aeronautics Ltd (HAL) has notched-up the highest ever turnover of Rs 15,180 crore for the year 2013-14 surpassing the previous year's figure of Rs 14,324 crore.

HAL Chairman Dr R K Tyagi said, ''We crossed the psychological barrier of Rs 15,000 crore and the production has been pretty good as we produced 60 aircraft and helicopters, achieved the initial operational clearance (II) of LCA and filed record 209 patents during the year and we are preparing the company for 2020 and beyond.''

HAL's Value of Production (VOP) for 2013-14, stood at Rs 15,296 crore as against Rs 14,202 crore of the previous year.

The operating profit of the company has went up to Rs 1,651 crore in the FY 2013-14 as against Rs 1,194 crore in 2012-13.

In the meantime, HAL received the 'Most Efficient Navratna 2013' award at the fifth Dalal Street Investment Journal Awards night held in New Delhi yesterday.

Dr Tyagi received the award from the jury. The awards were presented to the various PSUs in different categories in recognition of their performance and contribution to the Indian economy.

Some of the HAL highlights for the FY 2013-14 included Initial Operational Clearance (IOC) received for Light Combat Aircraft(LCA), sea level, night level and high altitude trials successfully done for IJT, induction of first completely Indian manufactured Hawk Advanced Jet Trainer by INS Dega, Visakhapatnam, dedication of ALH-Dhruv, Garuda Vasudha to the nation for exploration of mineral wealth, contribution of structures for Mars Orbiter Mission (MOM) and Crew Module structure assembly for the Human Spaceflight Programme (HSP) to ISRO.

(Posted on 03-04-2014)