HAL Marks Massive Boost In Cash Holdings Following Timely Clearance Of Dues: Report
Hindustan Aeronautics Limited logo (Wikimedia Commons) Successful clearance of dues by the three wings of the Indian defence forces has enabled Hindustan Aeronautics Limited (HAL) to record a cash holding of Rs 7,135 crore currently as compared to a negative of Rs 5,477 crore on 31 March 2020. In fact, the public sector undertaking (PSU) had plummeted to the extent of borrowing sums to pay salaries to its employees in 2018-19. However, the HALâs order book is worth Rs 80,000 crore now and it is anticipating surpassing the Rs 1 lakh crore figure in the coming couple of years. As of now, t...
Source: swarajyamag.com