BANGALORE: Hindustan Aeronautics Limited clocked Rs 14,001 crore sales during 2011-12, an increase of 6.74 per cent over the previous year, according to provisional financial performance for the fiscal.
Profit before tax for the year is Rs 3,200 crore, the Bangalore-headquartered Navratna defence public sector unit said in a statement.
An interim dividend of Rs 747.70 crore has been paid for 2011-12, which is 620 per cent of the paid-up capital, it said.
The company for the 11th year running has met all the targets set in “Excellent” category in respect of the MOU concluded with the Government of India, for the year 2011-12.
Giving the highlights of major achievements during the year, HAL said all flight trials for Turrent Gun and Rocket have been completed for the ALH-WSI, which marks a significant milestone towards certification.
Light Combat Aircraft (Tejas) LSP-7, flew its maiden flight and LSP-7 will be offered to IAF for user evaluation trials.
First flight of Light Combat Helicopter (TD-2) was carried out. It is built with weight reduced parts, optimised transmission system and incorporates several improvements based on flight evaluation of TD-1.
Detailed design and analysis of structural parts of Light Utility Helicopter (LUH) has been completed.