HAL hits new milestones as revenue up 2.2% to over Rs180bn

Hindustan Aeronautics (HAL) generated revenue of more than Rs180 billion in the financial year ended 31 March 2018, up 2.2% year-on-year.

The government-owned airframer says it produced 40 new aircraft and helicopters, and 105 new engines, while also taking orders for 41 Dhruv and eight Chetak helicopters from the Indian armed forces.

It completed overhaul work on 220 aircraft and helicopters, and 550 engines.

During the just-ended financial year, HAL received initial operational clearance for its light combat helicopter, and certificate of airworthiness for the civil variant of the Dornier Do-228 from India's directorate general of civil aviation.

It also obtained acceptance from the Indian air force of the Dassault Mirage 2000 upgrade, completed the first run of the HTSE-1200 turboshaft engine, and completed a test firing of the BrahMos missile from a Sukhoi Su-30 MKI.

"The company has also continued to emphasize on self-reliance towards development of indigenous products, diversification into civil segment, enhancement of capacity, support development of defence manufacturing eco-system by developing domestic vendors and enhance outsourcing," says HAL's chairman and managing director T. Suvarna Raju.

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