HAL (Hindustan Aeronautics Limited) has added a new plant in Karnataka for helicopter production, with the expectation to meet export targets.
HAL has established a new facility in Tumakuru, Karnataka, for the manufacture of helicopters, which will soon begin operations. The company has a plant here where it can build up to 60 helicopters, and it also has one in Bengaluru where it can build up to 30 aircraft annually.
“Depending on the type and requirement of the helicopters, the company could manufacture up to 90 helicopters per annum in the near future.”–CB Ananthakrishnan, CMD, HAL
Ananthakrishnan also talked about the prospects and openings for India’s significant defence localisation drive.
The Tejas manufacturing program’s second line has also been put into action. By outsourcing a large portion of the work packages to the four biggest private sector vendors, HAL is also attempting to develop the private ecosystem.
For the second quarter of the current fiscal year, the corporation provided some solid financial results. At over Rs 8,400 crore, the order book appears to be very strong. For the first six months of the current fiscal year FY23, the repair overhaul and manufacturing ratio are 60:40. The upcoming year is also anticipated to see a continuation of this trend.
“FY25 onwards the manufacturing contracts will get executed and then the ratio will change. For FY25 the repair overhaul and manufacturing ratio are expected to be at 50:50.”–CB Ananthakrishnan, CMD, HAL
During the last few months, HAL has signed various contracts with different countries as well as with India’s defence.
In January 2022, HAL and the Government of Mauritius (GoM) inked a deal for the export of one Advanced Light Helicopter (ALH Mk III) for the Mauritius Police Force, in keeping with the Government’s objective to increase defence exports to friendly foreign countries.
In April 2022, Six officers of the Nigerian Army Aviation will receive Phase-II flying training on the Chetak Helicopter thanks to a contract that HAL inked with the Nigerian Army. This represents the continuation of a contract for the successful completion of Phase-I flight instruction for six Nigerian Army aviation officers that was signed in April 2021.
In March 2022, at the Wings India-2022 event in Hyderabad, an Intent of Cooperation (IOC) was signed between HAL and PHL for the purchase or long-term lease of 20 helicopters, 10 of which will be civil variants of the ALH Dhruv and Light Utility Helicopters.
This would also improve the helicopter industry in India’s civil aviation market and create synergy between HAL and PHL.
In April 2022, HAL was awarded a contract for the manufacturing of 15 Light Combat Helicopters (LCH) at a price of Rs 3,887 crores, of which 10 will be produced for the Indian Air Force and five will be produced for the Indian Army.
For the fiscal year that concluded on March 31, 2022, HAL had its highest-ever revenue of approximately Rs. 24,000 crores (provisional and unaudited), representing a 6% revenue increase over the prior fiscal year. A year before, 22,755 crores was the corresponding amount.
The business delivered some impressive financial results for the second quarter of the current fiscal year as well. More contracts, more production and more exports are on their way!
(With inputs from CNBC-TV18)