HAL  
Defence Watch

HAL registers Rs 26,500 cr revenue for 2022-23

HAL has registered the highest-ever revenue from operations of around Rs 26,500 crore (provisional and unaudited) for 2022-23

Defence Watch Bureau

Bengaluru: Hindustan Aeronautics Limited said on Friday that it has registered the highest-ever revenue from operations of around Rs 26,500 crore (provisional and unaudited) for 2022-23 as against Rs 24,620 in the previous financial year, an eight percent growth. HAL CMD, C B Ananthakrishnan said, "Despite the challenges of supply chain disruptions due to geo-political situations, the Company could achieve the targeted growth in the top line. This was possible with the increased thrust on indigenisation and with the available inventory."

He said that the order book of the Bengaluru-headquartered company stood at around Rs 82,000 crore at the end of March 2023 after the liquidation of the supplies during 2022-23. The cash flow of the company has improved substantially with payments of around Rs 25,000 crore received from the various Defence customers during 2022-23, the statement said.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

Jindal Steel bags 50-year mining lease for Roida-I iron, manganese block in Odisha

After NMDC and MECON, SAIL opens office in Dubai to boost global presence

Markets inch higher in opening session; later turn flat amid volatile trends

BEML expands defence manufacturing with new units at KGF complex

EASE reforms supported PSU banks in advancing 'Viksit Bharat' vision: IBA Chief Executive