Bengaluru-based defence public sector undertaking Hindustan Aeronautics Ltd (HAL) reported revenues of over Rs 29,810 crore for the financial year ended March 31, 2024, marking an 11 per cent increase over the previous year.
The company secured significant new manufacturing contracts worth over Rs 19,000 crore and Repair and Overhaul (ROH) contracts exceeding Rs 16,000 crore during FY24.
The company signed an export contract with Guyana Defence Forces for the supply of two Hindustan228 aircraft, which were delivered within a month of signing the contract. Moreover, HAL reached a “major milestone” as the first production series fighter of LCA Mk1A completed its maiden flight on March 8, 2024.
