|HAL Chairman Dr. R.K. Tyagi
New Delhi: Indian Defence Ministry owned public sector company the Hindustan Aeronautics Limited (HAL) has done the best since its inception history and clocked a turnover of Rs 15,180 Crore, approximately US $ 2.5 Billion, indicating a growing self-reliance on Indian made equipment and planes.
“The turnover for the one year financial year 2013-2014, ending on March 31, 2014 was Rs 15,180 Crore,“ the Bangalore-based company announced today. The fifty-year old company has not just been making planes and helicopters but had recently played a role in India’s mission to Mars.
HAL which is presently making the Hawk trainer planes for the Navy and the IAF besides, the Dhruv helicopters and Sukhoi-30MKI fighter jets has increased its turnover. In the year ending March 31, 2013, that is the year previous to the just ended fiscal, HAL did business of Rs 14,324 crore. The jump is of Rs 864 crore. "We crossed the psychological barrier of Rs. 15,000 crores and the production has been pretty good as we produced 60 aircraft and helicopters, achieved the initial operational clearance of Light combat Aircraft and filed a record 209 patents during the year", said Dr R.K. Tyagi, Chairman, HAL.
Since the Indian force, the Navy, IAF, Army and the Coast Guard are its prime clients and profiteering is not a motive, the company still had an operating profit of Rs 1,651 crores, approximately US $ 280 million, in the financial year 2013-14 as against Rs 1,194 crores in year 2012-13.
The vision of the company is to move beyond and look at the future that is beyond the year 2020. "We are preparing the company for 2020 and beyond", Tyagi elaborated. HAL’s Value of Production (VOP) for FY 2013-14, stood at Rs. 15,296 crores as against the figure of Rs. 14,202 crores of the previous year.
During the year, HAL received the “Most Efficient Navratna 2013” award at the fifth Dalal Street Investment Journal Awards night held in New Delhi yesterday. HAL Chairman, Dr RK Tyagi received the award from the jury. The awards were presented to the various PSUs in different categories in recognition of their performance and contribution to the Indian economy.
Some of the HAL highlights for the FY 2013-14 included Initial Operational Clearance-2 (IOC-2) received for Light Combat Aircraft (LCA), sea level, night level and high altitude trials successfully done for Intermediate jet trainer, induction of first completely Indian manufactured Hawk Advanced Jet Trainer by INS Dega, Visakhapatnam, dedication of ALH-Dhruv, Garuda Vasudha to the nation for exploration of mineral wealth, contribution of structures for Mars Orbiter Mission (MOM) and Crew Module structure assembly for the Human Spaceflight Programme (HSP) to ISRO.
Besides the prudent financial management, the company took several initiatives on R&D front, indigenisation, quality, customer support, IT, HR and CSR. HAL’s hard work showed during the June 2013 Uttarakhand flood relief operation. The ALH-Dhruv were the best performing helicopters is evacuating casualties and dropping supplies, clocking more than 600 hours of flying.
Hindustan Aeronautics Limited (HAL) came into existence on 1st October 1964. The Company was formed by the merger of Hindustan Aircraft Limited with Aeronautics India Limited and Aircraft Manufacturing Depot, Kanpur.
Today HAL has 19 Production Units and 10 Research & Design Centres in 8 locations in India. The Company has an impressive product track record - 15 types of Aircraft/Helicopters manufactured with in-house R&D and 14 types produced under license. HAL has manufactured over 3658 Aircraft/Helicopters, 4178 Engines, Upgraded 272 Aircraft and overhauled over 9,643 Aircraft and 29,775 Engines.
Advanced Light Helicopter – Weapon System Integration (ALH-WSI), Tejas - Light Combat Aircraft (LCA), Intermediate Jet Trainer (IJT), Light Combat Helicopter (LCH) are among the notable programmes.
HAL has played a significant role for India's space programs by participating in the manufacture of structures for Satellite Launch Vehicles like PSLV (Polar Satellite Launch Vehicle), GSLV (Geo-synchronous Satellite Launch Vehicle), IRS (Indian Remote Satellite), INSAT (Indian National Satellite).
For the Mars mission HAL provided satellite structure and propellant tankages and delivered seven types of riveted structural assemblies and four types of welded propellant tankages for the Polar Satellite Launch Vehicle (PSLV-C25).