New Delhi: Hindustan Aeronautics Limited (HAL) has bagged the Raksha Mantri’s award for excellence in performance (2009-10). P.V Deshmukh, Offg. Chairman of HAL received the award and citation from Hon’ble Defence Minister Mr A.K Antony in New Delhi.
HAL has registered an Export Sales of over Rs. 200 crore during 2009-10 and emerged as a globally competitive Aerospace company, with supplies of major structural assembly packages & large volumes of machined components to leading international aerospace companies like Airbus and Boeing Industries.
Hindustan Aeronautics Limited handed over a final dividend cheque for Rs 123.17 crore for the year 2010-11 to the government. This is in addition to the interim dividend of Rs 299.95 crore paid in February 2011, and the total dividend for the year works out to Rs 423.12 crore (351.13 per cent of the paid-up capital). HAL Offg. Chairman P.V Deshmukh handed over the cheque to Defence Minister Mr A.K Antony in New Delhi recently. Shekhar Agarwal, Secretary Defence Production, MoD and Director (Finance) of HAL, Dr. A.K Mishra were present on the occasion. The company has achieved a total sale of Rs 13,116 crore during the fiscal year and earned Rs 2,840 crore as profit before tax (PBT).
During the year 2009-10, the Company exported a new product: F-18 Gun Bay Door & Wire Harness to Boeing, USA and concluded long term contracts worth USD 260 Million to improve export performance. HAL was identified as the “Supplier of the year 2009” based on their evaluation criteria for suppliers by Boeing ,USA.
On the Design & Development front, the Company achieved the Maiden flight on the first Technology Demonstrator (TD-1) of Light Combat Helicopter on 29 Mar 2010. The first Trainer variant prototype(PV-5) of Tejas flew for the first time on 26 Nov09. On the IJT, Integration and flight evaluation of the new Russian engine AL-55I was successfully completed.
A new joint venture, International Aerospace Manufacturing Pvt Ltd, was formed with Rolls Royce (RR) in Bangalore during 2009-10. This will establish indigenous capability in manufacture of parts for large civil aero engines and would be a route for liquidation of offsets.
During the year 2009-10, the company implemented various HR Initiatives like Job Description & Competency Mapping Exercise. The concept of Training Within Industry (TWI) was also implemented during the year wherein supervisors and skilled employees become trainers for the inexperienced ones .Two Workshops on Knowledge Management for Knowledge Management Officers by IIT Chennai & IISc Bangalore were conducted.
In recognition for achieving improved organisational performance excellence through Research & Development, improved production and financial performance, Export promotions, Technology up gradation, Lean manufacturing practices, focus on Customer Service, adoption of Quality Management Systems and Human Resources management initiatives, “Excellence in Performance” award in the Institutional Category, for year 2009-10 has been conferred on HAL. |
