HAL posts highest yearly turnover at ₹16.5k cr
State-owned aerospace company Hindustan Aeronautics Limited (HAL) has reported a 5.8% year-on-year rise in turnover in 2015-16 to ₹16,524 crore, their highest ever so far. The company's profit for the fiscal rose marginally by 1.1% to ₹3,210 crore. Further, as part of the 'Make in India' initiative, indigenisation has resulted in foreign exchange savings of ₹126 crore, HAL said.