Related News

Microsoft ends tradition of naming competitors in regulatory filings

Microsoft CEO Satya Nadella leaves after attending a meeting with Indonesian President Joko Widodo at the Presidential Palace in Jakarta, Indonesia, on April 30, 2024. Willy Kurniawan | Reuters Microsoft

Arm stock tumbles on chip designer’s muted profit forecast

The logo of semiconductor design firm Arm on a chip. Jakub Porzycki | Nurphoto | Getty Images Shares of Arm Holdings plunged 12% on Thursday after the chip designer offered

Centre’s fiscal deficit hits 17.9% of full-year target in Q1; higher spending lifts gap to Rs 2.8 lakh crore: CGA data

The central government’s fiscal deficit touched 17.9% of the full-year target at the end of June 2025, more than double the 8.4% recorded in the same period last year, data

HAL revenue at Rs 30,400-cr despite supply chain issues hitting LCA

Word Count: 648 | Estimated Reading Time: 4 minutes

BENGALURU: Defence PSU Hindustan Aeronautics Limited (HAL) Monday said it recorded a provisional and unaudited revenue of Rs 30,400 crore for 2024-25, marginally higher than the Rs 30,381 crore in the previous fiscal.
HAL CMD DK Sunil said: “This achievement came despite the shortfall in deliveries of Light Combat Aircraft (LCA) and Advanced Light Helicopter (ALH). LCA deliveries were affected due to non-availability of engines and ALH delivery schedule was similarly impacted following an accident in Jan 2025 and subsequent grounding of the fleet. However, the deliveries of other products and services were accelerated which helped us to maintain the top line.”
With the PSU’s order book improving significantly over the past 12 months, HAL utilised the year to expand its capacities, establishing additional production lines for the LCA and HTT-40 trainer aircraft whilst augmenting the aero engine manufacturing capacity at its Koraput facility.
“The order book now stands at more than Rs 1.8-lakh-crore compared to the opening position of Rs 94,129 crore, after adjusting for current year liquidation,” HAL said.
During 2024-25, HAL secured new manufacturing contracts worth more than Rs 1-lakh-crore and Repair and Overhaul (ROH) contracts valued at Rs 17,500 crore.
Recently, HAL signed a landmark contract with the ministry of defence for supplying 156 Light Combat Helicopter (LCH) “Prachand” worth Rs 62,777 crore — the single largest procurement by the ministry from HAL to date.
Other notable achievements of 2024-25 included HAL becoming the first defence PSU to achieve the prestigious ‘Maharatna’ status. It also signed contracts for the supply of an additional 12 Su-30 MKI aircraft, Mid Life Upgrade (MLU) of 40 Do-228 aircraft, supply of 240 AL31FP engines for Su-30 MKI aircraft, and avionics upgrade of one IL-78 aircraft.
“The first AL31FP engine was delivered within just one month of contract signature. With supply chain issues now stabilising, new orders secured, and enhanced production capacities in place, HAL is positioning itself for a more robust physical and financial performance in 2025-26,” the PSU added.

Source link