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State-run Hindustan Aeronautics Ltd (HAL) posts 6% higher revenue in 2018-19
Bengaluru: State-run Hindustan Aeronautics Ltd (HAL) on Monday reported revenue of Rs 19,400 crore (provisional) for the just-concluded financial year 2018-19, registering 6 per cent annual growth over Rs 18,284 crore on this account in fiscal 2017-18. In fiscal 2017-18, the annual revenue growth was 3.8 per cent over 2016-17.
“The performance in fiscal 2018-19 has encouraged us to focus on design and development of indigenous products and technologies, as well as develop aerospace and defence manufacturing eco-system,” said HAL Chairman and Managing Director R. Madhavan in a statement here. (IANS)
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