|
Hindustan
Aeronautics Limited (HAL), a Navratna Company, has posted yet
another record high financial performance, for the year 2009-10.
The provisional financial results are out. Sales for the year
2009-10 stood at Rs. 11,415 Cr registering a growth of around 10%
over the previous year. Profit Before Tax for the year at Rs. 2617
Cr shows a growth of 12% over previous year. The order book has
swelled by over Rs 12,000 Crs during the year with new orders for
domestic and export projects.
An
interim dividend of Rs. 300 Cr has been declared for the year
2009-10. Financial performance coupled with the other dynamic
parameters would give the Company an “Excellent” performance rating
in respect of the MoU concluded with Government of India. This
would be the 9th consecutive “Excellent” performance for
the Company.
-
One
of the major achievements for the Company during the year has been
the excellent progress in the field of Development of light
helicopters.
-
The
maiden flight on the Technology Demonstrator of the indigenously
designed Light Combat Helicopter (LCH) took place on 29 Mar
2010. LCH is an attack helicopter first of its kind designed and
developed in India.
-
A
new military variant, ALH Mk. III, was introduced during the
year. This is powered by the Shakti engine and is intended for
the IAF /Army to meet their high altitude operational
requirements. This is being followed by an armed variant ALH
MK.IV which is presently undergoing weapon trials.
-
Consolidating indigenous design capabilities in light helicopters,
HAL has ventured into design and development of a Light Utility
Helicopter which gives HAL an edge in offering total solution to
its customers in light helicopters in the 2 to 6 ton category.
Development programs in Fixed Wing category progressed on IJT on
LCA:
-
The
Intermediate Jet Trainer project progressed well with successful
integration of the new Russian engine AL-55I. Operational
clearance for the IJT is expected to be achieved shortly. In
parallel, the first batch of Limited Series Production aircraft is
also getting ready for delivery to IAF. Follow on orders for
IJT has already been received at Rs 6,180 Crs.
-
Preliminary
studies are underway to launch development of a new indigenous
Basic Turboprop trainer to replace the HPT-32 aircraft.
-
HAL
secured an order in Dec 2009 for DARIN III upgrade of Jaguar
aircraft worth Rs 3100 Crores & the program has been well
initiated.
Keeping up with its
mission to be a global player in aerospace business, HAL has taken
several initiatives in securing the export business as well as
business development in the country with international Aviation
Companies. HAL launched a new Joint Venture in India with Rolls
Royce, UK, on 30 Mar 10, for manufacture of aero-engine related
components for global civil aviation requirements. |
