HAL Crosses Rs.

15,000 Crore Milestone,

Wins Most Effi cient Navratna Award



Bangalore, April 3, 2014:
HAL has notched-up the highest ever turnover of Rs. 15,180 crores for the FY
2013-14 surpassing the previous year's figure of Rs. 14,324 crores. "We
crossed the psychological barrier of Rs. 15,000 crores and the production has
been pretty good as we produced 60 aircraft and helicopters, achieved the initial
operational clearance (II) of LCA and filed record 209 patents during the year",
said Dr. R.K. Tyagi, Chairman, HAL. "We are preparing the company for 2020
and beyond", he added. HALs Value of Production (VOP) for FY 2013-14, stood
at Rs. 15,296 crores as against the figure of Rs. 14,202 crores of the previous
year. The operating profit went up to Rs. 1,651 crores in the FY 2013-14 as
against Rs. 1,194 crores in 2012-13.
In the meantime, HAL received the Most Efficient Navratna 2013 award at the
fifth Dalal Street Investment J ournal Awards night held in New Delhi yesterday.
HAL Chairman, Dr. R.K. Tyagi received the award from the jury. The awards
were presented to the various PSUs in different categories in recognition of their
performance and contribution to the Indian economy.
Some of the HAL highlights for the FY 2013-14 included Initial Operational
Clearance (IOC) received for Light Combat Aircraft (LCA), sea level, night level
and high altitude trials successfully done for IJ T, induction of first completely
Indian manufactured Hawk Advanced J et Trainer by INS Dega, Visakhapatnam,
dedication of ALH-Dhruv, Garuda Vasudha to the nation for exploration of
mineral wealth, contribution of structures for Mars Orbiter Mission (MOM) and
Crew Module structure assembly for the Human Spaceflight Programme (HSP)
to ISRO.
Besides the prudent financial management, the company took several initiatives
on R&D front, indigenisation, quality, customer support, IT, HR and CSR. HAL
played a vital role during the Uttarakhand flood relief operation during J uly 2013
as its ALH-Dhruv performed effectively in a massive rescue and relief operation,
clocking more than 600 hrs of flying.



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