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Hindustan Aeronautics Ltd plans Rs 25,000 cr investments over next 10 years |
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Written by Arjun
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Tuesday, 24 November 2009 |
Bangalore: Hindustan Aeronautics Ltd plans to make capital expenditure investments of more than Rs 25,000 crore over next 10 year period. The funds, which will be realized through internal accruals - cash reserves and government project grants, will utilized in adding further design, production and manufacturing capabilities.
Mr. Ashok Nayak, Chairman, Hindustan Aeronautics Limited (HAL) said that the company is looking at increasing it's outsourcing initiatives to private companies. The company intends to gradually develop it's supplier base and focus on integration and quality.
Currently, HAL has an order book of nearly Rs 60,000 crore, Mr. Nayak said. The company has targeted a turnover of $6 billion in the coming 10 years from it's present turnover of $2 billion. This would call for a five fold increase in production requirements.
According to sources, HAL would have to significantly increase capacity at it's engine division in order to meet it's targets.
HAL's growth in revenue is expected from new projects like the multi-role transport aircraft, fifth-generation fighter aircraft, regional transport aircraft and the medium multi-role combat aircraft.
HAL will soon get orders to upgrade the Jaguar, in addition to orders for 57 Intermediate Jet Trainer aircrafts. It is also expected to sign an MoU soon to manufacture 30-35 of NAL's (National Aerospace Laboratories) Saras.
Mr. Nayak said that the prototype of the Light Attack Helicopter (LAH), a variant of the Advanced Light Helicpoter (ALH), was nearing completion and would be ready to fly in the next few weeks. The company currently has orders to deliver 160 ALHs. |
