Public sector undertaking Hindustan Aeronautics Limited (HAL) has recorded 5.8% growth in provisional turnover at Rs 16,524 crore for the financial year 2015-16.
In 2014-15, its turnover stood at Rs 15,622 crore. The profit before tax went up marginally by 1.1% to Rs 3,210 crore for the year compared to Rs 3,173 crore in 2014-15, the company said in a statement.
During 2015-16, HAL contributed Rs 4,284 crore to the government as buyback of 25% of the share capital and free reserves apart from paying a dividend of Rs 510 crore.
The company’s exports stood at Rs 401 crore. “HAL produced 12 Su-30 MKI aircraft during the year from raw material phase while production of 17 Hawk aircraft is the highest ever achievement in a year,” T Suvarna Raju, chairman and managing director said.
The production highlights of the year 2015-16 include production of 60 new aircraft and helicopters, overhauling of 229 aircraft and helicopters, 94 new engines, 446 engines overhauled and supply of 143 aerospace structures.
On ‘Make in India’ front 2,021 items were indigenised which will result in foreign exchange savings of Rs 126 crore annually. More than 300 imported systems and sub-systems have been hosted on HAL’s website (Make in India section) to enable private industries to take up indigenisation, the company added.