HAL records sales of Rs.13,061 Core for 2010-11

HAL records sales of 13,061 Core for 2010-11

Thursday, 31 March 2011, 18:06 Hrs
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Bangalore: Hindustan Aeronautics Limited (HAL) a Navaratna Company, posted yet another record high financial performance for the year 2010-11 achieving sales of Rs 13,061 crore, up by 14 per cent over previous year.

Announcing the performance highlights for the year 2010-11 today, HAL in a statement said its Profit Before Tax (PBT) for the year was at Rs 2,718 crores. The Order Book during the financial year increased by Rs 8,524 crore.

The firm which declared an interim dividend of Rs 300 crore for the year 2010-11 said that for the 10th year running it will meet all the targets set in "Excellent" category in respect of the MOU concluded with the Government of India.

The higlights of the aeronautics major during the year included Initial Operation Clearance (IOC) for the ALH Mk-III and Shakti Engine utility variant by the Certification Authority.
Source: PTI
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