Hindustan Aeronautics in Good Shape Says Ministry of Defence

In reply to a question in the parliament on 24 June, the Ministry of Defence stated that the present capacity available in HAL is adequate to fulfil the existing orders/projects in hand. Currently, HAL has firm orders to manufacture platforms like Su-30 MKI, LCA, DO-228, ALH, Chetak and Cheetal helicopters. As and when required, HAL borrows from banks to meet its working capital requirements. An amount of Rs.8140 crore has been paid to HAL from January, 2019 to June, 2019 from defence services. Dues of vendors including HAL are paid depending on the availability of funds, prioritization of schemes and advances/payments that fall due to the vendors including HAL. The amount of arrears of payment to other contractors outstanding with HAL is Rs. 868.14 crore. The Ministry of Defence  indicated that HAL has initiated various productivity improvement measures through:........................

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