HAL’s Order Book Position is Rs 52,000 Crore; It is Likely to go up to Rs 1,10,000 Crore by End of FY21: R Madhavan, CMD

Defense Acquisition Council (DAC) has given its clearance to Rs 39,000 crore of which Rs 11,000 crore will be spent in buying 12 Su-30 MKI aircraft. Besides, they are also buying MIG-29 and generally, it is coming straight from Russia and we will have some contribution to an extent in it when they will be upgraded. There will be a contribution of HAL in its upgradation.

R Madhavan, Chairman and Managing Director, Hindustan Aeronautics Ltd (HAL), talks about the Rs 39,000 crore mega order drive cleared by DAC, expansion, CapEx, order book, Atmanirbhar Bharat and repair and overhaul segment during an exclusive interview with Swati Khandelwal, Zee Business. Edited Excerpts: Read More…