Hindustan Aeronautics Limited
Hindustan Aeronautics Limited (HAL) is an Indian government owned aerospace and defence company. Company is managed by a Board of Directors appointed by the President of India through the Ministry of Defence Government of India. It has headquarters in Bengaluru. Being established in the year 1940, HAL is one of the oldest and largest aerospace and defence manufacturers in the world today. HAL is involved in designing and manufacturing of fighter jets, helicopters, jet engine and marine gas turbine engine, avionics, software development, spare supply, overhauling and upgrading of Indian military aircraft.Currently, HAL currently have 11 dedicated Research and development (R&D) centres and 21 manufacturing divisions under 4 production units spread across India. HAL also have 15 joint venture companies. HAL believes that every business entity needs to have a mechanism for giving back to the Society in which it operates. Therefore, company focuses on the following key areas- infrastructure development, education, drinking water, river rejuvenation, sports, and skills development. Their shareholding pattern include Promoters having 75.15% shares, FIIs having 0.91% shares, DIIs having 20.31% shares and Public having 3.63% shares.For the quarter ended 31-03-2021, the company has reported a Consolidated Total Income of Rs 10870.24 Crore, up 97.03% from last quarter Total Income of Rs 5516.97Crore and up 4.37% from last year same quarter Total Income of Rs 10414.35 Crore. Company has reported net profit after tax of Rs 1621.76 Crore in latest quarter. The Board of Directors have recommended a dividend of ₹30 per equity share for the FY 2020- 21.The result of HAL is competent.
