HAL posts record Rs 19,400 crore turnover, IAF still to pay bills
Hindustan Aeronautics Limited (HAL), which has faced concerted criticism over the past year from both the defence ministry and the Indian Air Force (IAF), has announced a record turnover of over Rs 19,400 crore (provisional and unaudited) for the financial year that ended March 31.
This amounts to 6 per cent revenue growth over the previous year’s turnover of Rs 18,284 crore.
That comfortably beat the revenue growth of 3.8 per cent during 2017-18.
