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Defence aviation major HAL Records Revenue Over Rs 22,700 Crores in FY 21

 

The gory national dance of covid pandemic notwithstanding, defence aviation major HAL today reported a record turnover of Rs 22,700 crore during 2020-21.

COVID-19 pandemic had affected the company's operations and disrupted the supply chain (both within and outside the country).

The corresponding figure for the previous year stood at Rs 21,438 crores. The company has posted revenue growth of around 6 per cent in FY 2020-21 thanks to the improved productivity after suspending the operations for one month in the beginning of the year.

The year 2020-21 was significant in terms of securing the largest ever defence contract of 83 LCA MK-IA by an Indian company. This helped the company surpass the order book position in excess of Rs 80,000 crores, says Mr R Madhavan, CMD, HAL. The record revenue has been achieved with the help of the production of 41 new helicopters/aircraft, 102 new engines, overhaul of 198 aircraft/helicopters and 506 engines. 

The cash flow position has improved significantly with improved budget allocation from defence customers and it stands in excess of Rs 34,000 crores including advance payment of around Rs 5,400 crores for 83 LCA MK1A contract. This helped HAL to liquidate all its borrowings availed from the banks. The company has ended the year with a positive cash balance of around Rs. 6,700 crores as against borrowings of Rs. 5,775 crores as on March 31, 2020.

HAL has taken various cost-cutting and austerity measures during the year that include indigenisation of various components, increasing outsourcing efforts and rationalisation of manpower which is expected to facilitate the Company to register double-digit growth in the Profit After Tax (PAT). 

Considering the anticipated growth in profits, HAL paid an interim dividend of Rs 30 per share during the current financial year representing 300% on the face value of Rs. 10 per share.

#HAL
31-March-2021
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HAL pays second Interim Dividend to govt

 

HAL has paid the second interim of Rs 376.94 crores for 2020-21 to the Government.

The dividend cheque was handed over to Defence Minister Rajnath Singh by HAL Chairman and Managing Director R Madhavan and Mr C B Ananthakrishnan, Director (Finance) in the presence of Mr Raj Kumar, Secretary, Defence Production in Delhi yesterday.

The Company had declared the second interim dividend of Rs 15 per equity share of Rs 10 each amounting to Rs 501.58 crore on February 26, 2021, in addition to the first interim dividend of Rs 15 per equity share Rs 10 each amounting to Rs 501.58 crore already declared on December 9, 2020, total amounting to Rs 1003.16 crore which included GoI share of Rs 753.88 crore.

Mr Madhavan said that HAL has been consistently paying higher dividend more than the minimum dividend prescribed by DPE guidelines.

Mr Chandraker Bharti, JS (Aero), MoD, Mr M S Velpari, Director (Operations), HAL and Mr Alok Verma, Director (HR), HAL were present on the occasion.

#HAL
11-March-2021
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HAL Hands Over ALHs to the Indian Navy and Indian Coast Guard

 

HAL today handed over three Advanced Light Helicopter (ALH Mk III) to Indian Navy and two ALHs to Indian Coast Guard as part of its 16 ALHs contract at the ongoing Aero India 2021.

The helicopters were handed over by Mr R Madhavan, CMD, HAL to Admiral Karambir Singh, Chief of Naval Staff and Mr K Natarajan, DG, Coast Guard in the presence of Defence Minister, Mr Rajnath Singh.

"The remaining helicopters from the contract are under various stages of production,  flight tests and we plan to deliver all the helicopters within the contract delivery schedules despite production slowdown due to COVID restrictions," said, Mr Madhavan.

ALH has clogged close to 3,00,000 cumulative flight hours and has proven its mettle in versatile operations.  

The ALH Mk III is fitted with state-of-the-art Glass cockpit and powerful Shakti engine. The contract involves integration of 19 major systems with the existing ALH MK III.

#HAL #IndianNavy
05-February-2021
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Air Force Chief launches HAVAI Portal

 

Chief of the Air Staff, Air Chief Marshal RKS Bhadauria formally launched the operationalisation of ‘HAVAI’ portal in the presence of Mr R Madhavan, CMD, HAL, Director (Ops)-HAL, DCAS-IAF and AOC-in C, MC-IAF during the ongoing Aero India 2021 today.

The E-portal is developed as part of inter-organization information sharing system (IOIS) under ‘Digital India’ initiative. Such an initiative has been taken up between two government organisations (IAF and HAL) for the first time. The e-portal will optimize long-term material planning and reduce the repair and overhaul cycle time. It will also reduce the time for finalization of tasking and budgetary quotation processes.

Welcoming the initiative, CAS said, "The E-portal will bolster the competencies of the Indian Air Force and HAL and lead to increased serviceability of IAF weapon systems. This would facilitate secure information sharing between IAF and HAL for better coordination, improved transparency and faster decision-making."

Mr Madhavan said, "The Customer-centric portal would go a long way in leveraging the benefits of information sharing in real time. It will also enable the visibility of HAL repair milestones, provide instantaneous budgetary quotations against IAF orders and give information on status of supply against Aircraft on Ground and repair tasks undertaken by HAL Divisions."

#HAL #IndianAirforce
05-February-2021
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HAL Receives RFP for Basic Trainer HTT40 from IAF

 

Defence aviation major HAL has received a Request for Proposal (RFP) from the Indian Air Force for their Basic Trainers requirement at the on-going Aero India 2021 in IAF base in Yelahanka, near Bengaluru. 

The documents were handed over to Mr R Madhavan, CMD, HAL by Air Marshal Sandeep Singh, DCAS and Mr V L Kantha Rao, DG (Acquisition), Ministry of Defence. 

The RFP is for 70 aircraft with an additional clause for 38 more. The certification will be given against the PCQR

The production will take place at HAL's two manufacturing units at Bengaluru and Nashik.

The RFP has come within six years from the first flight of HAL which is the shortest timeline in the aircraft industry. The trainer will have more than 60 per cent indigenous content and is supported by agencies such as CEMILAC, RDAQA andASTE.

#HAL #IndianAirforce
04-February-2021
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Defence Minister inaugurates HAL's Second LCA Plant

 

Defence Minister Rajnath Singh inaugurated the second plant of HAL's LCA Division in Bengaluru today.

He lauded the efforts made by HAL to increase the production capacity of LCA which is going to be the backbone of IAF fighter fleet in years to come.

"HAL's new LCA facility is an example of how 'Aatmanirbhar Bharat' is shaping and HAL deserves the largest indigenous order of 83 LCA Mk-IA. LCA is the pride of India and sends the right message to others that India can make fighters of class in-house. The fighter is superior in many ways when compared to other fighters in its category besides being cost-effective. I compliment HAL for working through the COVID times and bringing out this facility. The Company has a lot of talent and more orders should come in its way in future. We cannot depend on others on security issues and therefore will make HAL stronger, whatever it takes," he added.

Mr R Madhavan, CMD, HAL said the Defence Minister's visit is a great moral booster to HAL. The phase -1 of the facility getting ready on 35 acres of land will enable HAL to enhance its production capacity to 16 from the current eight aircraft every year.

#Bengaluru #RajnathSingh #HAL
02-February-2021
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Aero India 2021: HAL to showcase Aatmanirbhar Formation Flight

 

A unique flying display of HAL's indigenous platforms (both fixed and rotary wing) aptly titled 'Aatmanirbhar Formation Flight' will be part of the flying display during the 13th edition of Aero India-2021 scheduled from 3rd of February at Air Force Station, Yelahanka. 

HAL will showcase its prowess in defence and aerospace centered on the theme 'Conceive. Indigenise. Collaborate' at the world's first hybrid exhibition.

The 'Aatmanirbhar Formation Flight' consisting HAL products such as LCA trainer (LIFT Trainer), HTT-40, IJT, Advanced Hawk Mk 132 and Civil Do-228 will fly in a special formation showcasing the spectrum of trainers and signifying self-sufficiency in the trainer segment. HTT-40, Advanced Hawk Mk 132 and Civil Do-228 will be available as customer demonstration flights. Sukhoi 30 MKI, Advanced Light Helicopter (ALH) Dhruv, Light Combat Helicopter (LCH), Light Utility Helicopter (LUH) will also take part in the flying display. Static display will include Do 228, Hindustan Turbo Trainer (HTT)-40 and LUH and ALH Mk III.

HAL's major attraction at HALL-E will be the Combat Air Teaming System (CATS) simulator. The simulator will have TEJAS–MAX cockpit as the mother-ship platform with the embedded air teaming intelligence concepts to demonstrate the fully integrated as well as autonomous wingman platforms and swarming of drones to engage in the mission. Immersive mission visualization will be projected over a wider screen apart from the command and display at TEJAS-MAX cockpit.

The outdoor display adjacent to HAL stall will feature Rotary wing products namely LCH, ALH Mk IV Rudra and ALH Civil variant.

HAL's indoor pavilion will be spread over an area of around 1126 sqm in Hall-E and will showcase indigenously designed and developed fixed and rotary wing platforms, technologies covering power plants and future generation combat capable airborne solutions.
With the central theme of the India Pavilion being Rotary wing capabilities in India, HAL’s Rotary platform Light Utility Helicopter (LUH) will be the center piece of the display with scaled models of IMRH, ALH, LUH, LCH and the Indian helicopter manufacturing ecosystem / supply chain partners around it.

HAL will promote indigenously-built platforms to visiting defence delegations and hold business meetings with OEMs, and customers besides signing agreements and contracts with its business partners for various projects.  

Product launches, handing over can and major announcements on key activities etc. will be part of the HAL schedule during the Show.

#AeroIndia2021 #HAL
29-January-2021
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Cabinet Decision: Procurement of 83 Light Combat Aircrafts Tejas approved

The Cabinet under the Chairmanship of Prime Minister met in New Delhi today and has approved procurement of 73 LCA Tejas Mk-1A fighter aircraft and 10 LCA Tejas Mk-1 Trainer aircraft at the cost of Rs. 45,696 Crore along with Design and Development of Infrastructure sanctions worth Rs.1,202 Crore from HAL.

Features of LCA Tejas Mk-1A

Light Combat Aircraft Mk-1A variant is an 
 - indigenously designed,  
 - developed and manufactured state-of-the-art modern 4+ generation fighter aircraft. 
 - equipped with critical operational capabilities of Active Electronically Scanned Array (AESA) Radar, 
 - Beyond Visual Range (BVR) Missile, 
 - Electronic Warfare (EW) Suite and 
 - Air to Air Refuelling (AAR)

The Cabinet has also approved infrastructure development by IAF under the project to enable them to handle repairs or servicing at their base depot which will reduce the turnaround time for mission-critical systems and would lead to the increased availability of aircraft for operational exploitation. This would enable IAF to sustain the fleet more efficiently and effectively due to the availability of repair infrastructure at respective bases. 

In a series of tweets today, Defence Minister Rajnath Singh said,

"The decision taken today will considerably expand the current LCA ecosystem and help in creating new job opportunities. HAL follows a system integrator model in LCA Mk1A program and acts as an umbrella organisation, fostering manufacturing & design capabilities in pvt. industry."

"The HAL has already set-up second line manufacturing facilities at its Nasik and Bengaluru Divisions. Equipped with the augmented infrastructure the HAL will steer LCA-Mk1A production for timely deliveries to the IAF."

#Tejas #IAF #HAL
13-January-2021
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Modified IJT Commences Spin Flight Testing: HAL

 

The indigenous Intermediate Jet Trainer (IJT) designed and developed by HAL to replace the ageing Kiran aircraft fleet of the IAF has commenced spin flight testing in Bengaluru. 

The flight was piloted by HAL's test pilots Gp. Capt H.V. Thakur (Retd) and Wg. Cdr P. Avasti (Retd).

The spin testing of an aircraft is the most crucial phase of its flight testing. Accordingly, the testing will be gradually progressed to assess the behaviour of the aircraft till six turn spins to either side to meet the targeted requirement

The IJT has already been tested to its full envelope in terms of speed, altitude and load factor ('g' envelope) and has also been integrated with drop tanks as well as bombs. For the spin test, HAL redesigned the aircraft by moving the vertical tail aft and extending the rudder surface. These changes for ensuring a satisfactory spin behaviour required an extensive redesign of the rear fuselage and the rudder.

The changes have been incorporated in two aircraft with the involvement and clearance from certification agencies at every stage. Postmodification, the two aircraft underwent significant flight tests to assess the general handling with the new configuration of fin and rudder. These aircraft have now been incorporated with the necessary safety devices (Anti-Spin Parachute Systems). During the first flight, initially, the aircraft was taken through one turn spin to the left and right-hand sides to test the spin characteristics.

#HAL #IndianAirforce
23-November-2020
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Air Chief reviews LCH Programme, flies a Sortie

 

Air Chief Marshal RKS Bhadauria, Chief of the Air Staff undertook his maiden flight in HAL designed and developed Light Advanced Helicopter (LCH) here today.

The aircraft took to the skies at 11.45 hours and remained airborne for an hour. 

The Chief of Air Staff was accompanied by HAL Deputy Chief Test Pilot, Wg Cdr (Retd) S P John.

While thanking all stakeholders of LCH project, the Air Chief said, "It was a very good sortie. I was able to look at the important flying characteristics and status of sensors already installed.  The LCH is a potent platform due to excellent D&D efforts and well-supported flight test team.  The IAF is keenly looking forward to the induction of this aircraft and I am sure HAL will give required focus on product ionisation at a fast pace."

Mr R Madhavan, CMD, HAL, thanked the Air Chief and said that HAL is geared up for product ionisation of LCH to meet all the requirements of the Air Force.

#HAL #IndianAirforce
20-November-2020