Thursday, April 15, 2010

Programs, Finance, new MD for Bangalore Complex, Rolls Royce JV

Hindustan Aeronautics Limited (HAL) has announced a 10% growth in sales for the year 2009-10 at Rs. 11,415 cr (~US$2.6b) and 12% growth in Profit before Tax at Rs 2,617 cr. The order book has increased by over Rs 12,000cr during the year with new orders for domestic and export projects.One of the major achievements for the Company during the year has been the maiden flight on the Technology Demonstrator of the indigenously designed Light Combat Helicopter (LCH) took place on 29 Mar 2010. A new military variant, ALH Mk III, was introduced during the year. This is powered by the Shakti engine and is intended for the IAF /Army to meet their high altitude operational requirements. This is being followed by an armed variant ALH MK IV which is presently undergoing weapon trials. HAL expects to sell up to 175 LCHs to the armed forces.HAL has also ventured into design and development of a Light Utility Helicopter which gives HAL an edge in offering total solution to its customers in light helicopters in the 2 to 6 ton category.

On development in Fixed Wing category HAL stated:

The Intermediate Jet Trainer project progressed well with successful integration of the new Russian engine AL-55I. Operational clearance for the IJT is expected to be achieved shortly. In parallel, the first batch of Limited Series Production aircraft is also getting ready for delivery to IAF. Follow on orders for IJT has already been received at Rs 6,180 Crs.

Preliminary studies are underway to launch development of a new indigenous Basic Turboprop trainer to replace the HPT-32 aircraft.

HAL secured an order in Dec 2009 for DARIN III upgrade of Jaguar aircraft worth Rs 3100 Crores & the program has been well initiated.....................link

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