Manufacturing, maintenance, repair, overhaul, and servicing of products like aircraft, helicopters, engines and other related systems like avionics, instruments, and accessories.
It also engages with the Indian Space Research Organisation (ISRO) to contribute to the space programmes of the country. The Government of India (GoI) remains HAL’s largest shareholder, with a current shareholding of around 75 per cent.
HAL registered its highest-ever revenue from operations of around Rs 26,500 crore (provisional and unaudited) for the financial year 2022-23 (FY23) as against Rs 24,620 crore for the previous financial year. The company has recorded a revenue growth of 8 per cent during the year as compared to FY22.
The order book of the company stood at around Rs 82,000 crore at the end of March 2023 after liquidation of the supplies during FY23. During the year, fresh contracts of around Rs 26,000 crore were received,Which includes manufacturing.
The market capitalisation (m-cap) of state-owned aerospace & defense company Hindustan Aeronautics (HAL) crossed the Rs 1-trillion mark with the stock hitting a new high of Rs 3,021 (up 3 per cent) on the BSE in Wednesday’s intra-day trade.
At 10:03 am; with a market cap of Rs 1.006 trillion, HAL claimed the 52nd spot in the overall market cap ranking, the BSE data shows. In the past one month, the stock has outperformed the market by surging 11 per cent as compared to a 3.5 per cent rise in the S&P BSE Sensex.