HAL made profit of Rs 7,334 crore in last four years, Parliament told
New Delhi, Jan 2: State-run aerospace behemoth Hindustan Aeronautics Limited (HAL) has made a profit of Rs 7,334 crore in the last four years, according to details provided by the government in Lok Sabha Wednesday.
The company has generated a net revenue of Rs 58,651 crore between the financial year 2015-16 and September last year, as per the details.
The year-wise data on profit and net revenue of the HAL was presented to Lok Sabha by Minister of State for Defence Subhash Bhamre while replying to a question.
He said the HAL made a profit of Rs 1,998 crore in 2015-16 while the amount in 2016-17 was Rs 2,616 crore and Rs 2,070 crore in 2017-18.
The aerospace major made a profit of Rs 650 crore till September in the current financial year.
According to the data provided by Bhamre, the HAL's net revenue from operations in 2015-16 was Rs 16,758 crore while the amount rose to Rs 17,950 crore in 2016-17 and Rs 18,519 crore in 2017-18.
In the current financial year (up to September), the company generated Rs 5,424 crore as net revenue from its operations.
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Confident we are going to win Kerala: Shashi Tharoor
New Delhi (PTI): Congress leader Shashi Tharoor on Thursday expressed confidence in the victory of the United Democratic Front (UDF) in Kerala, saying the Congress-led alliance will win more than 75 seats out of the total 140 in the state.
Tharoor, who hails from Kerala, said he was not surprised to see the results of the exit polls, most of which predicted a victory for the UDF that has been out of power for 10 years in the state.
"We have been on the ground. I have campaigned in 59 constituencies across 12 districts out of 14. I was very confident we are going to win.
"Everything that I have picked up from not just my party colleagues and workers but also from other observers, media and others have always convinced me that we were going to score a comfortable win of above 75 seats. And all the (exit) polls have confirmed the same thing," he told reporters here.
The Thiruvananthapuram MP said he was not surprised to see the results of the exit polls but in general he was not a big fan of exit polls in India.
"Because ours is not purely a homogenous society. We have to take into account gender issue, caste issue, class issue, regional disparities. You never get a convincingly large enough sample to give an accurate poll and now there is the additional complication that we have heard about in West Bengal this year that many people are unwilling to answer the questions of the pollsters," he said.
The Congress leader said normally, it used to be below 10 per cent that people said that they would not answer.
"Even if you are a reputable exit pollster, in Bengal, one polling company has said 60 per cent of people refused to answer. So, what is the worth of a poll where 60 per cent of your respondents have not answered," he said.
Several exit polls on Wednesday predicted a comeback by the Congress-led UDF in Kerala after 10 years, dethroning the CPI(M)-led Left Democratic Front (LDF).
Polling for the 140-member Kerala assembly was held on April 9. Results of assembly elections in West Bengal, Tamil Nadu, Assam, Puducherry, besides Kerala, will be announced on May 4.
