HAL hands over dividend cheque of Rs 502.58 crores to Raksha Mantri

NEW DELHI- HAL has paid the second interim dividend of Rs 502.58 crores to the Government of India for the F.Y. 2022-23. The dividend cheque was handed over to the Raksha Mantri, Mr. Rajnath Singh by  Mr C. B. Ananthakrishnan, Director (Finance) & CFO with Addl. Charge of CMD-HAL and Mr E.P. Jayadeva, Director (Operations) in the presence of Mr Giridhar Aramane, Defence Secretary and Mr T. Natarajan, Additional Secretary (Defence Production) in New Delhi on 10-04-2023.

The Company had declared the second interim dividend of Rs 20 per equity share of Rs 10/- each fully paid up (200 percent) for the F.Y. 2022-23 in addition to the first interim dividend of Rs 20 per equity share of Rs 10/- each fully paid up.

The total interim dividend paid to the GoI by HAL is Rs 1005.16 Crs in F.Y. 2022-23. HAL has been consistently paying higher dividends year after year and believes in creating value for its shareholders.

About Hindustan Aeronautics Limited

Hindustan Aeronautics Limited (HAL) is an Indian aerospace and defense company headquartered in Bangalore, India. It was founded in 23 Dec 1940 at Bangalore by Shri Walchand Hirachand and is owned by the Government of India. HAL designs, develops, and manufactures a wide range of products including aircraft, helicopters, engines, avionics, and related systems.

HAL has played a significant role in the development of the Indian aerospace industry and has established itself as a major player in the global aerospace market. The company has a workforce of over 31,000 employees and operates through multiple divisions and facilities across India.

HAL has collaborated with various international companies and organizations such as Boeing, Airbus, Rolls Royce, and Safran to develop and manufacture products. The company has also undertaken various research and development projects in the field of aerospace and defense.

Some of the notable products developed and manufactured by HAL include the Tejas fighter jet, Dhruv advanced light helicopter, Chetak helicopter, and Jaguar fighter aircraft. HAL has also developed a range of engines such as the AL-31FP engine for the Su-30MKI fighter jet.

In addition to its manufacturing capabilities, HAL also provides maintenance, repair, and overhaul services for various aircraft and engines. The company has established itself as a trusted partner for the Indian Armed Forces and has delivered numerous products and services to support their needs.

Overall, Hindustan Aeronautics Limited is a leading aerospace and defense company in India with a rich history and expertise in designing, developing, and manufacturing a wide range of aerospace products and systems.