Dornier Do-228
HAL registered highest-ever revenue from operations of around Rs. 26,500 Crores (provisional and unaudited) for the Financial Year 2022- 23 as against Rs. 24,620 for the previous financial year. The Company recorded a revenue growth of 8% during the year as compared to the previous year, 2021-22. “Despite the challenges of supply chain disruptions due to geo-political situations, the Company could achieve the targeted growth in the top line. This was possible with the increased thrust on indigenisation and with the available inventory,” stated Mr. C B Ananthakrishnan, CMD, HAL. He further added that the order book of the Company stood at around Rs. 82,000 Crores at the end of March 2023 after liquidation of the supplies during 2022-23. During the year fresh contracts of around Rs.26,000 Crores were received which includes manufacturing contracts for 70 HTT-40, 6 Do-228 aircraft and PSLV launch vehicles. In addition, on the ROH front fresh order to the tune of Rs.16,600 Crores was received during the year. The cash flow of the Company has improved substantially with payments of around Rs. 25,000 Crores received from the various defence customers during FY 2022-23. During the year, the income tax refund of Rs.1,798 Crores including interest of Rs. 542 Crores has been received consequent to the favorable decision of the ITAT. This will clear all the old outstanding tax litigation with the Income tax Department.
HTT-40
LCA trainer in first flight
As a major milestone in the LCA Tejas Programme, the first ever series production standard LCA Trainer (LT 5201) manufactured by HAL took to the skies for its maiden flight on 4 April 2023 from HAL airport and landed after completing a successful sortie of around 35 minutes.