HAL records revenue over Rs 22,700 crores despite pandemic woes

National aerospace and defence company Hindustan Aeronautics Limited (HAL) announced that it recorded revenue in excess of Rs 22,700 crores (provisional and unaudited) for the 2020-21 financial year which ended Wednesday.

This “in spite of the COVID-19 pandemic that affected company’s operations and disrupted the supply chain (both within and outside the country),” the public sector undertaking said in a statement.

R Madhavan, Chairman and Managing Director of HAL attributed the financial figures to HAL 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 crores,” he highlighted.