Hindustan Aeronautics Limited (HAL), a navratna defence public sector undertaking, is looking at double digit revenue growth from FY25 onwards on the back of expected delivery of 83 LCA Tejas Mk1A to Indian Air Force (IAF). The first of Tejas Mk1A will be handed over to the IAF in February, next year. HAL is currently penciling in eight per cent annual growth in revenue and the State-owned company is confident of maintaining its EBIDTA at 27 per cent for the next two years, the CMD said. On the order inflow during April to June, he said approximately the company has bagged orders between ₹3,000 crore to ₹3,500 crore. “Of the opening order book position of ₹83,000 crore, in the first quarter we have liquidated ₹3,000 crore.

Source: The Hindu August 08, 2023 12:10 UTC