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Aviation

HAL targets turnover of $6 billion in the coming 10 years

11/20/2009 02:30:00 PM

New Delhi, Nov (EPC News): Hindustan Aeronautics Limited is targeting to achieve $6 billion in the coming ten years, said Ashok Nayar, Chairman, HAL.

This would call for a five-fold increase in production requirements as the company at present holds 34th position with a turnover of $2 billion. The growth in India’s aviation sector will act as an opportunity for HAL to meet its growth objectives. He was speaking at the 4th international Conference on Energising Indian Aerospace Industry: Partnerships, Opportunities & Challenges organised jointly by the CII and Centre for Air Power Studies.

EPC News Bureau