In an investor presentation, HAL said that the government’s push for Atmanirbhar Bharat will open up new business avenues for the company
It said that its order book stood at Rs 54,140 crore at the end of September quarter and added that it expects the figure to grow to Rs 57,600 crore by the end of FY21
New Delhi: State-run Hindustan Aeronautics Limited (HAL) said on Wednesday that it is anticipating orders for 83 Light Combat Aircraft (LCA), 15 Light Combat Helicopter (LCH) and 12 Sukhoi-30 (Su-30), HTT-40 and Light Utility Helicopter (LUH). In an investor presentation, HAL said that the government’s push for Atmanirbhar Bharat will open up new business avenues for the company. According to media reports, HAL is expected to commence the deliveries of LCAs in three years and is expected to complete the delivery of 70 HTT-40 by 2026.
COVID-19 impact largely recovered during current quarter
HAL said that the impact of the COVID-19 pandemic has largely recovered during the September quarter. Stable financial position with improved cash flows and consistent growth in revenue on year-on-year basis is being visible, the defence PSU told its investors. It added that the position of the order book is also reasonable with prospects for further additions. “Platforms viz LCH, LUH, HTT-40, LCA Mk-1 have completed the development phase and are entering the production phase,” said the defence PSU.
Order book projection
HAL said that its order book stood at Rs 54,140 crore at the end of September quarter and added that it expects the figure to grow to Rs 57,600 crore by the end of financial year 2020-21. In its projections, the company said that for FY2020-21, it expects manufacturing orders worth Rs 40,000 crore, ROH and spares worth Rs 13,000 crore, development orders of Rs 4,400 crore and exports of Rs 200 crore.
HAL also said that it has spent Rs 605 crore on capex out of the targeted Rs 1,040 crore for FY2020-21.
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