In the last financial year, the HAL produced 41 new aircraft / helicopters and 98 new engines and has carried out overhaul of 213 aircraft / helicopters and 540 engines

OUR BUREAU / BANGALORE: Defence PSU HAL has recorded a turnover of Rs. 19,400 crore for the financial year ended on March 31.

The Company has posted a revenue growth of 6% over the previous year.

The performance of the company in 2018-19 has encouraged us to focus more on design and development of indigenous products and technologies, develop aerospace and defence manufacturing eco-system and to be more dedicated towards meeting the current and future requirements of customers, said HAL chairman and managing director R. Madhavan. "This strategy will also help HAL to be on the growth track in meeting the expectations of the shareholders," he added.

In the last financial year, the HAL produced 41 new aircraft / helicopters and 98 new engines and has carried out overhaul of 213 aircraft / helicopters and 540 engines. HAL’s R&D projects are on track and are tailor made for the requirement of the armed forces, HAL said in a press release.

HAL has produced 12 new ALHs against the contract of 40, out of which six were produced ahead of schedule for the Indian Army.