HAL’s biggest growth driver isn’t new fighters. It’s aftercare – worth Rs 24,000 crore
1 lakh crore
India’s defence industry is shifting focus to maintenance, repair, and overhaul services for its military fleet, generating recurring revenue for companies like HAL. With a strong order book of Rs 24,000 crore and a push towards indigenous production, HAL is expected to see further growth and reach a projected revenue of Rs. 1 lakh crore.