EXPORT TARGET OF RS 75 CRORE FIXED FOR
HAL
According to the
Memorandum of Understanding signed here today between Ministry
of Defence and Hindustan Aeronautical Limited (HAL) a target for
export of Rs 75 crore has been fixed. Shri NS Sisodia, Secretary
Department of Defence Production and Supplies in the Ministry
of Defence and Shri NR Mohanty, Chairman HAL signed the memorandum.
According to MoU HAL is to achieve a turnover of Rs. 3280 crore
during the next year. The target for the net profit after tax
has been fixed at Rs. 276.73 crores. The MoU also gives details
of the duties and responsibilities of Ministry of Defence and
HAL.
Based on the
achievements of the targets the Public Sector Undertakings, are
classified as excellent, very good, good, fair or poor. It is
notable that during the year 2001-2002 the HAL had been adjudged
excellent. During the current year also HAL is likely to be adjudged
excellent.
Earlier, the
Department of Public Enterprise had convened the meeting of the
ad hoc task force (ATF) to discuss and finalise the MoU targets
for HAL for 2003-2004.
