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HAL aims for Rs 2.2 trillion order book by 2030; expands production

Business Standard LogoBusiness Standard6h ago

HAL aims for Rs 2.2 trillion order book by 2030; expands production - Business Standard

Quick Summary:

Addressing a press conference on the sidelines of Aero India 2025 in Bengaluru, HAL Chairman and Managing Director D K Sunil said the company has received orders worth Rs 55,000 crore in the first nine months of this fiscal year.

Hindustan Aeronautics Limited (HAL) announced on Tuesday that it has an order book of Rs 1.2 lakh crore and expects to add another Rs 1 lakh crore in the coming year, bringing the total order book to Rs 2.2 lakh crore, which it aims to execute by 2030.

Noting that HAL has been spending Rs 2,500 crore annually on research and development to upgrade its products and sustain order inflows, Sunil emphasised the company's commitment to innovation.


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Category: BusinessFinance

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Published On: 2025-02-11 @ 20:00:32 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 759 words

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Sentences: 29 lines

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Copyright Owner: © Business Standard

News ID: 26086881

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