HAL saw drop in profit in 2017-18 in comparison to last year but revenue rose by three per cent

In LATEST NEWS, Private Sector

Hindustan Aeronautics Limited (HAL) recorded a profit of Rs 2,070 crore in 2017-18, seven per cent less than the previous year, the government said on Monday. In a written response in Rajya Sabha, Minister of State for Defence Shripad Naik said in 2016-17, HAL saw a revenue of Rs 17,950 crore from operations.

It rose by three per cent in 2017-18 to Rs 18,519 crore. In 2016-17, HAL recorded profits to the tune to Rs 2,606 but it declined by seven per cent, registering a profit of Rs 2,070 crore. HAL manufactures aircraft, including helicopters, for the armed forces.

Replying to another question, Naik said the Defence Research and Development Organisation (DRDO) develops systems and equipments for the armed forces in various technology domains. A total of 39 different systems, equipment worth over Rs 95,062.

08 crores designed and developed by the DRDO, have been approved for induction into the services during the last three years. Read More

You may also read!

Iran says it’s defused 2nd cyberattack in less than a week

Iran's telecommunications minister announced on Sunday that the country has defused a second cyberattack in less than a week,


Broadband internet services will be restored on ‘limited scale’ in Kashmir: Police chief

Jammu and Kashmir Director General of Police Dilbag Singh has said broadband internet service in the valley will be


Second terror hideout busted in Rafiabad by Jammu & Kashmir police

Another terror plot thwarted, the second hideout busted in Jammu & Kashmir's Rafiabad by the Jammu and Kashmir police


Mobile Sliding Menu