HAL revenue up by 11% at Rs 29,810 cr
Corresponding figure for the previous year was Rs. 26,928 cr
Bengaluru: Hindustan Aeronautics Limited on Monday said that it has recorded revenue from operations of over Rs 29,810 crore (provisional and unaudited) for the financial year 2023-24 registering a growth of around 11 per cent as against nine per cent in the previous fiscal.
The corresponding figure for the previous year was Rs. 26,928 crore, the Bengaluru-headquartered defence PSU said in a statement.
HAL Chairman and Managing Director (Additional Charge), C B Ananthakrishnan said that despite major supply chain challenges arising due to geopolitical issues, the company has met the expected revenue growth with improved performance for the entire year. “As on March 31, 2024, the company’s order book stands in excess of Rs 94,000 crore with additional major orders expected during 2024-25,” Ananthakrishnan said.
HAL received fresh manufacturing contracts of over Rs 19,000 crore and Repair and Overhaul (ROH) contracts of over Rs 16,000 crore during 2023-24. An export contract with Guyana Defence Forces for supply of two Hindustan-228 aircraft was signed during 2023-24.
