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HAL turnover rises
Hindustan Aeronautics Ltd (HAL) has posted profit before tax at ?3,294 crore in fiscal 2016-17, registering 0.18 per cent growth compared with last fiscal’s ?3,288 crore. Though PBT was barely above last year’s level, the company posted the highest ever turnover of ?17,406 crore for the fiscal under review, registering 4 per cent annual growth from ?16,736 crore in the previous fiscal.
The defence major has said it is “business as usual.with the company doing well on expected lines”. In a statement, HAL Chairman and Managing Director T Suvarna Raju said, “We paid ?800 crore to the government by interim dividend. This is in addition to ?162 crore paid as dividend tax.” He added that HAL’s PBT was at ?3,294 crore.
HAL said it received orders worth ?21,000 crore in FY 2016-17, that included 12 Do-228 aircraft for the Indian Navy, 32 advanced light helicopters for the Indian Navy and the Coast Guard, and AL-31 FP engines for Su-30MKI.The production of 12 Su-30MKI aircraft in Phase-IV was one of the company’s main achievements. The Indian Air Force (IAF) had ordered a total of 270 Su-30MKI fighters, out of which 230 are already in service. Evan Rodrigues Authentic Jersey
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