State-run Hindustan Aeronautics (HAL) has recorded the highest ever turnover of Rs 15,480 crore (provisional) for financial year 2014-15 as compared with Rs 15,128 crore in FY 2013-14.
“Our performance is in line with the MoU signed with the Ministry of Defence and we expect ‘Excellent’ rating for FY 2014-15. The capex (capital expenditure) target of Rs 900 crore has been achieved and we are happy that on the indigenisation front, over 2,000 items were produced resulting in savings to the tune of Rs 100 crore,” HAL CMD T Suvarna Raju said.
The operating profit for the year was at Rs 1,560 crore compared with Rs 1,551 crore in 2013-14.As part of design and development activities so far, 384 flights have been completed on the LCH (light combat helicopter). The HAL board has approved production of the fourth technology demonstrator to expedite the process of IOC (initial operational clearance) of LCH.
Regarding LUH (light utility helicopter), GTV (ground test vehicle) test was successfully carried out recently.
Published 02 April 2015, 22:16 IST