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Case Study Of Hindustan Aeronautics Limited

1994 Words8 Pages

Hindustan Aeronautics Limited (HAL) came into existence on 1st October 1964. The Company was formed by the merger of Hindustan Aircraft Limited with Aeronautics India Limited & Aircraft Manufacturing Depot, Kanpur.
The Company places its roots to the pioneering efforts of an industrialist with extraordinary vision of, the late Seth Walchand Hirachand, who set up Hindustan Aircraft Limited at Bangalore in joining with the erstwhile princely State of Mysore in December 1940. The Government of India became as a shareholder in March 1941 and took over the Management work in year 1942.
Today, HAL has 19 Production Units and 9 Research and Design Centres in 7 locations in India. The Company had an impressive product track record - 12 types of aircrafts …show more content…

During the year HAL registered all time record turnover of Rs.8625.33 crs. registering a 10.82% growth over the previous financial year. The profit for the year was Rs.2164.23crs. as against Rs.1743.60 crs. in the previous year. The net worth of the
Company has gone up from Rs.2084.99 crs (in 2006-07) to Rs.3326.53 crs (in 2007-08).

HAL had attained the status of a Zero Debt Company during year 2007-2008.

Return to the Government on the investment in HAL is steadily on the increase with the highest Dividend of Rs.327 crs. (271%) paid for the year 2007-2008.

HAL MANAGEMENT ACADEMY(HMA)

HMA is a premier centre of learning having qualified faculty members and equipped with all required training facilities. It regularly conducts series of training programmers from entry level to senior executives of the company to facilitate continued enhancement of their managerial skills and leadership qualities. It has embarked on a journey to enable personal and professional development of executives of the company belonging to all function , through re-designing required framework, establishing of processes and making available opportunities for a sustained learning and development, spanning their entire career.HMA has an ambitious vision to go beyond training and enable executives of HAL to unleash their potential and enrich their professional and personal …show more content…

• This Division has the Central Materials & Processes Laboratory which undertakes development of Materials, Castings, and Forgings & New Processes.

AIRPORT SERVICES CENTRE

• Airport Service Centre is providing the technical support of Air Traffic Control, maintenance of runway and navigation / landing aids and various other allied services at HAL airport .

INDUSTRIAL &MARINE GAS TURBINE (IMGT) DIVISION

• The activities of IMGT Division presently are manufacture of LM 2500 (Marine) engines and repairing / overhauling of Industrial Avon, Allison & LM 2500 (Industrial) engines.

LCA-LSP

• A most dedicated LCA-LSP Unit has been set up to handle LCA-Tejas Limited Series productions as well as series production.

RESEARCH & DESIGN

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