Bengaluru, DHNS: Even though the Covid-19 outbreak disrupted economic and industrial operations across the country, Hindustan Aeronautics Limited (HAL) said that it recorded revenue in excess of Rs 22,700 crore (provisional and unaudited) in the recently concluded fiscal year.
The corresponding figure for the previous year stood at Rs 21,438 crore. The company has posted a revenue growth of around 6% in the 2020-21 fiscal year. It cites improved productivity after suspending the operations for one month in the beginning of the year.
The year 2020-21 was significant in terms of securing the largest ever defence contract of 83 LCA MK-IA by an Indian company. This helped the company surpass the order book position in excess of Rs 80,000 crore, said R Madhavan, CMD, HAL.
