Hindustan Aeronautics to invest about Rs 17,500 cr over 5-6 yrs

Hindustan Aeronautics (HAL) said its overall investment over the next five to six years is expected to be about Rs 17,500 crore, and it may go for loans from banks soon to fund its projects.

The company also said it has contributed over Rs 5,000 crore to the government exchequer through the buyback option.
“…we will be happy if we get more funds, but we will present the case. Not waiting for two or three years till CCS sanctions to meet the current expectations and requirements, we are funding from our own reserves,” HAL Chairman and Managing Director T Suvarna Raju told reporters.

Responding to a question at the Aero India 2017 air show here, he said that during the month of March, maybe they are going to take loan from the banks for their projects. Raju also applauded Samtel HAL JV’s efforts for Make in India at an event. Read More…

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