State-owned Hindustan Aeronautics (HAL) is enriching its patents repository fast. The firm has, in the past three fiscals...
State-owned Hindustan Aeronautics (HAL) is enriching its patents repository fast. The firm has, in the past three fiscals, filed for over 1,000 patents in sync with its efforts to boost domestic manufacturing of various aviation products.
Since 2012-13, the PSU’s patent filings have seen more than 10-fold rise, from 71 in 2012-13 to 209 in 2013-14 and to 773 in 2014-15.
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The defence PSU already has 430-plus patents to its credit, and with 10% of its profit earmarked for research and development, it is confident of living up to the expectation of Prime Minister Narendra Modi, who is hard-selling the ‘Make-in-India’ slogan. The Indian Air Force ( IAF), HAL’s prime customer, is lending full support to HAL’s bid to diversify and scale up.
In the past two years, HAL has been preparing for 2020 and beyond, and in the process has taken up measures to build capacity and capabilities. While the company’s board has approved capital of R3,600 crore towards modernisation of the company, it is building capabilities by way of aggressively investing in its R&D. As a result of increased focus on R&D, it has filed 761 patents towards safeguarding its IPR base.
The PSU’s Value of Production (VOP) for 2013-14 stood at R15,296 crore as against the figure of R14,202 crore of the previous year. The operating profit went up to R1,651 crore in FY14 as against R1,194 crore in FY13.
HAL chairman RK Tyagi, who has played a key role in 2014 being a successful year for HAL through a series of initiatives, told FE, “The year was dedicated for integrity, customer focus and quality.”
“We have also contributed to the success of Mars Orbiter Mission and GSLV MK III launch during the year. Steps have been initiated with the inauguration of Integrated Cryogenic Engine Manufacturing (ICEM) facility at Bangalore complex to manufacture, integrate and test the cryogenic engine CE20 and semi cryogenic engine SE2000 for launch of GSLV MKII and GSLV MKIII. The facility will make HAL one among the technologically prudent companies across the globe,” he said.