HAL expecting to get a few additional orders for SU-30MKI - RUSSIAN AVIATION

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HAL expecting to get a few additional orders for SU-30MKI

Russian Aviaton » Thursday April 2, 2020 10:23 MSK

© 1st Lt. George Tobias / Wikimedia

The Hindustan Aeronautics Limited recorded a turnover of over Rs 21,100 crore (provisional and unaudited) for the financial year ended on March 31, 2020, up from the previous years figure of Rs19,705 crore. "The company has posted a revenue growth of around seven per cent during 2019-20 for the second year consecutively, post listing as compared to 3.8 per cent during 2017-18," the Bengaluru-headquartered defence PSU said in a statement. This reported by Indiatimes.

The encouraging performance of the company in 2019-20 has been achieved despite difficulties in cash flows, interruptions in operations due to workmen agitation, and March 2020 due to COVID-19 lockdown which has affected the final tests and certification of certain additional aircraft that were under final stages of production, it said.

"The Avionics upgrade of HAWK and SU-30 MKI and BrahMos missile modifications would be a game changer and is important for us," it said.

HAL has completed production of all SU 30 MKI contracted to HAL by IAF during the current year and is expecting to get a few additional orders for SU-30MKI.

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