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Dues cleared, HAL money place again within the black after 2 years | India News – NewsEverything AllIndia

BENGALURU: From having needed to borrow to even pay salaries in 2018-19, defence PSU HAL’s money place is again within the black with most dues from the three defence providers — the PSU’s mainstay clients — having been cleared.
As on date, HAL has Rs 7,135 crore as money holding in comparison with a unfavourable of Rs 5,477 on March 31, 2020 and a unfavourable of Rs 4,051 crore on March 31, 2019. When HAL first borrowed to pay salaries within the final quarter of 2018-19, the PSU had mentioned its money in hand was within the unfavourable for the primary in two to 3 many years and that it had borrowed Rs 1,000 crore. TOI was the primary to report about HAL’s money issues.
“We had an issue with the money stability primarily as a result of collections have been dipping from September 2017 provided that the defence forces had different commitments. This 12 months, we’ve managed to gather nearly all our dues. We’ve collected Rs 34,475 crore in 2020-21, whereas the identical was Rs 18,000 crore in 2019-20 and Rs 10,800 crore in 2018-19,” Madhavan informed TOI.
Additional, HAL, whose order e-book is now value round Rs 80,000 crore, is anticipating extra orders this 12 months, and is assured of the identical touching Rs 1-lakh-crore within the subsequent two years.
“Fast orders seen are for 15 LCH (gentle fight helicopter) and 12 LUH (gentle utility helicopter) and the 12 Su-30 fighters,” Madhavan mentioned. He estimated that the LCH order could be value round Rs 3,000 crore whereas the LUH orders are pegged within the vary of Rs 1,500 crore to Rs 2,000 crore provided that the primary batch would solely be restricted collection manufacturing helicopters.
To date HAL has produced 272 Su-30 plane at its Nashik facility and the proposed orders for 12 extra — estimated to be value greater than Rs 10,700 crore going by publicly obtainable data — may also occur there.
“After preliminary orders of the 2 helicopters , we predict orders for 180+ LUH and 140+ LCH. Orders for 2 fighter plane engines are additionally seen: The RD33 for the MiG-29 fighters and AL-31FP for Su-30. We’re anticipating round 65-70 numbers of every,” he mentioned.
He mentioned that the AL-31FP is value round Rs 70 crore to Rs 75 crore a bit. Which means not less than Rs 4,900 crore. “I’ll must verify for the precise price of the RD33, however it ought to be in the identical vary,” Madhavan mentioned.
Except for this, he mentioned that the corporate is taking a look at exports value Rs 200 crore to Rs 400 crore, which is able to embody everything from spares to plane. “We’ve got two inquiries from Mauritius and Maldives for the Dornier-228 plane,” he mentioned.
And, as reported by TOI earlier, HAL has introduced a income in extra of Rs 22,700 crore (provisional and unaudited) for the 12 months ended on March 31, 2021, in comparison with Rs 21,438 crore within the earlier fiscal.

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