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Hindustan Aeronautics Limited Releases Financial Highlights for 2011-12

Discussion in 'Indian Defence Industry' started by SpArK, Apr 3, 2012.

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  1. SpArK

    SpArK SorCeroR Staff Member ADMINISTRATOR

    Apr 1, 2010
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    Hindustan Aeronautics Limited Releases Financial Highlights for 2011-12

    April 3, 2012 Bangalore | Hindustan Aeronautics Limited (HAL) a Navratna Defence Public Sector Unit has declared an impressive financial performance for the year 2011-12.

    The provisional financial results are - Sales for the year 2011-12 is Rs.14,001 Crores registering a growth of 6.74 % over the previous year, Profit Before Tax (PBT) for the year is at Rs.3,200 Crores.

    An Interim Dividend of Rs.747.70 Crores has been paid for the year 2011-12, which is 620 % of the paid-up capital. The Company for the 11th year running has met all the targets set in “Excellentâ€￾ category in respect of the MOU concluded with the Government of India, for the year 2011-12.

    The highlights of major achievements during the year are:

    • All flight trials for Turrent Gun and Rocket have been completed for the ALH-WSI, which marks a significant milestone towards certification.

    • Light Combat Aircraft (Tejas) LSP-7, flew its maiden flight and LSP-7 will be offered to IAF for user evaluation trials.

    • First flight of Light Combat Helicopter (TD-2) was carried out. It is built with weight reduced parts, optimized transmission system and incorporates several improvements based on flight evaluation of TD-1.

    • Detailed design and analysis of structural parts of Light Utility Helicopter (LUH) has been completed.

    • HAL has bagged Raksha Mantri’s Excellence in Performance Award for the year 2009-10. Three quality circle teams from HAL have won two gold and one distinguished awards in International Convention on Quality Control Circles (ICQCC 2011), held in Japan.

    defence.professionals | defpro.com
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