Hindustan Aeronautics Limited (HAL) registers their highest-ever revenue from operations of around  26,500 crore (provisional and unaudited) for FY 2022-23

Hindustan Aeronautics Limited (HAL): As per the audit of FY2022-23, Hindustan Aeronautics Limited (HAL) had accounted for Rs 26,500 crore (provisional and unaudited) for 2022-23 as against Rs 24,620 in the previous financial year, an eight per cent growth their highest-ever revenue from operations, where they The company has also paid an interim dividend of ₹40 per share during the current financial year representing 400% on the face value of ₹10 per share.  HAL chairman and managing director C.B. Ananthakrishnan said “Despite the challenges of supply chain disruptions due to geopolitical 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 added in the statement “During the year, fresh contracts of around ₹26,000 crore were received, including manufacturing contracts for 70 HTT-40, 6 Do-228 aircraft, and PSLV launch vehicles. In addition, on the repair and overhaul front fresh orders to the tune of ₹16,600 crore were received during the year,”.

Hindustan Aeronautics Ltd (HAL)

Hindustan Aeronautics Limited (HAL) is a renowned Indian aerospace and defence company headquartered in Bangalore, Karnataka. Established on December 23, 1940, it was founded by Walchand Hirachand in association with the then Kingdom of Mysore, with Hirachand serving as the company’s chairman. Began their aircraft manufacturing as early as 1942 with licensed production of Harlow PC-5, Curtiss P-36 Hawk and Vultee A-31 Vengeance for the Indian Air Force.HAL currently has 11 dedicated Research and development centres and 21 manufacturing divisions under 4 production units spread across India managed by a board of directors appointed by the President of India through the Ministry of Defence, Government of India.

International and domestic agreements and contracts undertaken by Hindustan Aeronautics Limited (HAL):

International Agreements:

1. Manufacture of aircraft parts for Boeing under a US$1 billion contract.
2. Production of 120 RD-33MK turbofan engines for MiG-29K under a US$250 million contract.
3. Manufacturing of 1,000 Honeywell TPE331 aircraft engines for Honeywell, with an estimated total deal value of US$200 million.
4. Contract worth US$120 million to produce Dornier 228 aircraft for RUAG of Switzerland.
5. Manufacture of aircraft parts for Airbus SAS valued at US$150 million.
6. Export of composite materials to Israel Aerospace Industries under a US$100 million contract.
7. Establishment of a joint research facility with Honeywell and planned production of Honeywell TPE331 engines under a deal worth US$65 million.
8. Supply of Advanced Light Helicopters to the Ecuadorian Air Force in a contract valued at US$50.7 million. HAL also committed to opening a maintenance base in Ecuador.
9. Provision of avionics for Malaysian Su-30MKM aircraft under a US$30 million contract.
10. Supply of ambulance versions of HAL Dhruv helicopters to Peru under a US$20 million contract.
11. Contract for 3 HAL Dhruv helicopters for Turkey, valued at US$20 million.
12. Order worth US$10 million from Namibia for HAL Chetak and Cheetah helicopters.
13. Supply of HAL Dhruv helicopters to the Mauritius National Police in a deal worth US$7 million.
14. Collaboration with Israel Aerospace Industries on an unmanned helicopter development project.
15. Contract worth US$15 million for supplying steel and nickel alloy forgings to GE Aviation for its military and commercial engine programs.

Domestic Agreements:

1. Manufacture of 221 Sukhoi Su-30MKI aircraft at HAL’s facilities in Nasik, Koraput, and Bangalore under a contract worth US$3.2 billion.
2. Production of 200 HAL Light Combat Helicopters for the Indian Air Force and 500 HAL Dhruv helicopters, totalling US$5.83 billion.
3. Establishment of a US$900 million aerospace hub in Shamshabad, Telangana.
4. Upgrade of the SEPECAT Jaguar fleet of the Indian Air Force for US$57 million.
5. Establishment of a helicopter simulator training facility in Bangalore in collaboration with Canada’s CAE, valued at US$55 million.
6. Upgrading of 64 MiG-29 aircraft by HAL and Russia’s MiG Corporation under a program worth US$960 million.
7. Licensed production of 82 BAE Hawk 132 aircraft.

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