HAL
HAL  
Defence Watch

HAL registers Rs 26,500 cr revenue 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.)

Debt, equity holders approve merger of IDFC with IDFC First Bank

India on mission to become world's leading producer of critical minerals: Hindustan Zinc Chairperson

Shipping Ministry celebrates International Day for Women in Maritime

Shipping Ministry working to reach 80% landlord model at major ports by 2030: Ramachandran

Naveen Srivastava set to be next Director (Operations) of Power Grid