New Delhi: State-run aerospace major Hindustan Aeronautics Limited (HAL) has posted an all-time high turnover of ₹19,705 crore, registering a growth of 7.8% in 2018-19, the company said in a statement Monday.
HAL’s Profit After Tax (PAT) for the fiscal year 2018-19 stood at ₹2,282 crore, an increase of 14.8% over ₹1,987 crore in the corresponding previous year. An interim dividend of ₹662 crore has already been paid by the company for the year 2018-19, it said.
The news augurs well for the company as the aerospace major was earlier this year forced to borrow ₹1,000 crore to pay salaries to its employees for the first time in years.
This also led to a political slugfest between the BJP and Congress with the latter alleging that the Centre denied HAL an off-set contract for 36 fighter jets.
