HAL clocks turnover of ₹21,000 cr

Hindustan Aeronautics Ltd, the Bengaluru-based defence aviation major, has recorded a turnover of over ₹21,100 crore (provisional and unaudited) for the financial year ended March 31, 2020, (the company posted ₹19,705 crore the previous year).

Revenue grew by 7 per cent during 2019-20 for the second year consecutively, post listing, as compared to 3.8 per cent during 2017-18.

“The encouraging performance of the company in 2019-20 has been achieved in spite of difficulties in cash flows, interruptions in operations due to workmen agitation and the interruption arising in the month of March 2020 due to Covid-19 lockdown, which has affected the final tests and certification of certain additional aircraft that were under final stages of production.