About
Hindustan Aeronautics Ltd
Hindustan Aeronautics Limited (HAL), a Public Sector Enterprise, is engaged in the design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including, aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures. The Operations are organised into five complexes, namely the Bangalore Complex, MiG Complex, Helicopter Complex, Accessories Complex, and Design Complex, which together include 20 production divisions and 11 research and design centres (R&D Centres) located across India. The Company relies on indigenous research as well as enters into technology transfer and licence agreements to manufacture its products. In addition, the company has entered into 13 commercial joint ventures to grow its operations.
Hindustan Aeronautics Limited (HAL) was incorporated as a Private Limited Company with the name 'Aeronautics India Limited' on August 16, 1963. Subsequently, Hindustan Aircraft Limited, a Company incorporated on December 23, 1940 merged with the Company, pursuant to the Aircraft Companies' Amalgamation Order dated September 28, 1964. The name of the Company was changed to 'Hindustan Aeronautics Limited' on December 05, 1964 with effect from October 01, 1964
In 1970, the Company established the Helicopter factory at Bangalore. In 1983, the company established the Korwa Division for Advanced Avionics at Korwa, Uttar Pradesh.
The status of the Company was changed to Public Limited Company by a Special Resolution of the Members of the Company passed at the Extra Ordinary General Meeting held on July 10, 1995.
In 1998, the Company established the Industrial and Marine Gas Turbine Division for aeroderivative gas turbines and industrial engines at Bangalore. In 2000, the company established the Airport Service Centre at Bangalore.
The Company's Aircraft Upgrade R&D Centre ('AURDC') was conferred with the 'Raksha Mantri's Award for Excellence in Performance (Design Effort)' in relation to the MiG-27 aircraft for the year 2005-06.
In 2006, the Company upgraded the Barrackpore Branch Factory to a Division.
The Company was notified as a Navratna Company by the Department of Public Enterprises, GoI through notification on June 27, 2007. The Navratna status provides the Company with strategic and operational autonomy and enhanced powers to make prompt investment decisions, subject to an overall investment ceiling set by the GoI.
In 2008, the Company created a separate Helicopter Complex. In 2015, the company carried out restructuring of all R&D Centres under Design Complex.
In 2016, the Company upgraded the Korwa Branch of Aerospace Systems and Equipment Research and Design Centre to an R&D Centre. On 29 December 2016, Naini Aerospace Limited was incorporated as a 100% subsidiary of Hindustan Aeronautics.
On 2 May 2017, the Company's subsidiary Indo-Russian Helicopters Limited was incorporated.
During year 2018-19, Company produced 41 new Aircraft and Helicopters. Additionally, they produced 102 New Aero-Engines and Accessories. It overhauled 213 platforms of various aircraft. Further, 560 Russian and western origin aero-engines were overhauled by the Company during the year under review.
During the year 2018-19, Light Combat Helicopter (LCH) completed all weapon integration and firing tests in January, 2019 and is ready for induction. The maiden flight of third prototype (PT3) of Light Utility Helicopter (LUH) was conducted on 14th December, 2018. Advanced Light Helicopter (ALH) blade folding capability was demonstrated to customer on December 19, 2018 on CG 855 helicopter. The LCA Tejas completed mid-air refuelling trial by Wet (actual) Engagement on 10th September, 2018. It accomplished 100% running of HTFE-25 crore 2 Engine with Inlet Guide Vane (IGV) modulation in March, 2019. It indigeneously designed and developed Gas Turbine Electrical Generator (GTEG-60) Auxiliary Power Unit (APU) to start the main engines of AN-32 Military Transport Aircraft was flown on 11th February, 2019. Astra Missile was test fired by the IAF on 26th September, 2018. The LCA Naval Prototype -2 (NP2), safely executed the first contract of the HAL- designed and developed Arrester Hook System (AHS) with arresting wire at moderate taxi-in speed on August 02nd, 2018. The first Mirage 2000 aircraft upgraded to IOC standard with indigenous modification kits was delivered by the Company to the IAF on 01st January, 2019. The Company flew the Light Utility Helicopter (LUH) on 29th December, 2018.
During year 2019-20, Company has produced 31 new Aircraft and Helicopters, covering Su-30 MKI, LCA Tejas, Dornier Do228, ALH Dhruv, Cheetal Helicopter and Chetak Helicopter, in addition to the production of 117 New Engines and Accessories. It overhauled 201 platforms including both fixed wing and rotary wing aircraft of various types. Further, 486 aero-engines of Russian and Western origin were also overhauled during the year under review. It has signaled out 7 ALHs of the current year production ahead of schedule for Army and delivered 1 Chetak Helicopter to the Indian Navy ahead of schedule. It has commenced production of Jaguar DARIN III (FOC) Upgrade and started manufacturing of RD-33 Engines.
During year 2020-21, Company has produced 44 Nos of new Aircraft and Helicopters, covering Su-30 MKI, LCA Tejas, Dornier Do-228, ALH Dhruv, Light Combat Helicopter (LCH) and Chetak helicopter in addition to the production of 102 New Engines and Accessories. It overhauled 198 Nos of Aircraft and Helicopters. Further, 506 engines were also overhauled during the year 2020-21. The Company produced FOC standard LCA Tejas has been inducted into IAF Squadron The Flying Bullets' on May 27, 2020. Second production line for LCA aircraft has been operationalised and 2 LCAs have been produced in FY 2020-21. Two Light Combat Helicopters (LCH) were deployed for operations at high altitude at short notice to support IAF missions on August 12, 2020. Three Light Combat Helicopters (LCH) have been produced and signalled out against the Letter of Intent of IAF. It overhauled 5 Nos of Su30-MKI aircraft. It received Initial Operational Clearance (IOC) of Light Utility Helicopter (LUH) for the Indian Army from CEMILAC at the Aero India 2021. It received Operational Clearance from CEMILAC for ALH Mk-III for Indian Coast Guard and Indian Navy in January, 2021. The Company handed over three ALH Mk III to the Indian Navy and two ALH to Indian Coast Guard at the Aero India 2021. It demonstrated the tail boom folding
operation on ALH Mk-III helicopter in November, 2020. The first Upgraded ALH Mk III CIVIL helicopter has been produced in November, 2020. It indigenously designed and developed a 60kW Gas Turbine Electrical Generator (GTEG-60), the Auxiliary Power Unit (APU) for the Military Transport aircraft AN-32, which has attained operational clearance on May 28, 2020. The 150th Do-228 aircraft, produced by HAL was handed over on November 11, 2020. A digital Pilot Operating Handbook (POH)' was also released as in-house efforts
towards automation and Digital India'. It manufactured 300th Advanced Light Helicopter (ALH) which was rolled out and certified on 29th September, 2020. The biggest Cryogenic propellant tank (C32 LH2) ever fabricated for ISRO, was delivered to ISRO on November
28, 2020. FirstISROSENE Propellant Tank' ofsemi cryo developmental project has been formally handed over to LPSC, ISRO on 05th February, 2021. Inner Ring, a critical aero-engine component operating in the hot zone, has been developed and manufactured through 3D printing technology with the collaboration of Wipro Enterprises (P) Ltd. During the year 2021, the Company has entered into a contract for supply of 83 LCA Mk1A to IAF. It carried the production and supply orders of Su-30 MKI aircraft, Light Combat Aircraft (LCA) Tejas, Dornier Do-228 Aircraft, Advanced Light Helicopter (ALH) Dhruv, Light Combat Helicopter (LCH), Chetak helicopter, engines, accessories and aerospace structures to fulfill the requirement of their esteemed customers. It has achieved significant progress in various R&D / Development Projects viz. Basic Trainer Aircraft (HTT-40), Light Utility Helicopter (LUH), Light Combat Aircraft (LCA)- MK1A,
Jaguar Darin III Upgrade, Hawk-i and Development of Engines.
During the year 2022, the Company has produced 34 numbers of new Aircraft and Helicopters, covering LCA Tejas, Dornier Do228, ALH Dhruv and Light Combat Helicopter (LCH) in addition to the production of 80 New Engines and Accessories, at its various Divisions. It has also overhauled 207 Aircraft / Helicopters and 506 engines during the year.
As on March 31, 2022, Company has 2 Subsidiaries including 1 wholly owned Subsidiary and 14 Joint Venture Companies (JVCs) including 2 Not-for-Profit Companies.
During year 2021-22, Company handed over 75th ROH Su-30 MKI aircraft to IAF on January 25, 2022. It completed Mid-Life upgrade of two Do-228 aircraft for Coast Guard in 2021-22 against deliveries originally scheduled to start from 2022-23 as per Contract. It commenced Performance Based Logistics (PBL) operations of ALH Mk III (MR) on February 10, 2022 for the first batch of ALH Mk III (MR) inducted by CG under PBL support regime. It made an investment of Rs. 1,20,000 Lakh in UP Defence Industrial Corridor (UPDIC) towards
enhancement of capacity & capability at Lucknow, Korwa and Kanpur Divisions of HAL. In-line with Government's vision to boost defence exports to friendly foreign countries, HAL signed contracts with Government of Mauritius (GoM) for export of one passenger variant Do-228 (PVD) on September 10, 2021 and for one Advanced Light Helicopter (ALH) Mk III helicopter on January 19, 2022. Further, HAL has already completed the production and delivery of this Do-228 PVD for Mauritius ahead of contractual delivery commitment. The Intermediate Jet Trainer (IJT), designed and developed by HAL for stage -II training of IAF pilots has demonstrated the capability to carry out six turn spins, to the LH and RH sides, which is the most crucial stage in flight trials. The Company indigenously designed and developed Air Data Computer ADC 3600A CVL1 (ADC-ITSOA)' which is Environmentally Qualified' with in-house developed application software certified for civil platforms of aircraft and helicopters. It integrated and flown Lithium Main Battery' on HTT-40 and making it first time in the continent using lithium battery for military aviation. It indigenously designed and developed Solid State Weapon Control System (SSWCS) for management of weapons on Jaguar aircraft as a replacement to the ageing Armament Main unit (AMU). It completed the design, development and certification of Solid State Cockpit Voice and Flight Data Recorder (SSCVFDR) and Control Unit (CU) for Hindustan-228 aircraft. The heaviest Semi-Cryogenic propellant tank (SC120- LOX) ever fabricated by HAL was delivered to Indian Space Research Organization (ISRO) on October 5, 2021.
During the year 2022, the Company has produced Light Combat Aircraft (LCA) Tejas, Dornier Do-228 Aircraft (both civil & military), Advanced Light Helicopter (ALH) Dhruv, Light Combat Helicopter (LCH), engines, accessories and aerospace structures against the various customer orders. It launched production of Light Utility Helicopter (LUH). It signed a lease agreement with Alliance Air Aviation Limited on September 26, 2021 for the supply of two Civil Do-228 aircraft for regional operations in Arunachal Pradesh to boost the Regional Connectivity Scheme (RCS). First commercial flight on the Dibrugarh-Pasighat route commenced on April 12, 2022 by Alliance Air Aviation Limited. It embarked on DGCA Type Certification (TC) of 19 seater Hindustan-228 aircraft, a Do-228 Civil variant.
In FY 2022, the Company launched new platform design and development programmes such as Combat Air Teaming System (CATS)
Warrior, Hindustan Lead in Fighter Trainer HLFT-42, High Altitude Pseudo Satellite (HAPS), Utility Helicopter-Maritime, Deck Based Multi Role Helicopter (DBMRH). It has signed an MoU with Rolls-Royce on April 9, 2021 to explore the potential opportunity of HAL to become a
'Build to Print' supplier for the MT30 (Gas Turbine) package for sales within the Indian market. It signed an agreement with Rolls-Royce on September 14, 2021 for Make-in-India Adour engine parts to support Rolls-Royce's international defence customer base. The Company and d ZeroAvia entered into a development collaboration agreement on 9th November, 2021 for hydrogen-electric
powertrain capable of flying the 19 seat Dornier 228 aircraft up to 500 NM. It signed an MoU with Max AeroSpace & Aviation Pvt. Ltd., Mumbai on 12th January, 2022 to explore business opportunities for MRO of civil aircraft. It signed an MoU with Uganda Peoples Defence Forces (UPDF) on 3rd March, 2022 towards Co-operation for Repair, Overhaul and maintenance, supply of spares etc., for
Su-30 Mk2 of UPDF. It signed an MoU with Safran Helicopter Engines (SafranHE) on 14th March, 2022 for exploring business
opportunities in the area of Helicopter Engines, etc. It has entered into a MoU with Israel Aerospace Industries (IAI) on 4th April, 2022 to convert Civil (Passenger) aircraft to Multi Mission Tanker Transport (MMTT) aircraft in India. It integrated Medical Intensive Care Unit (MICU) on board two ALH MK III of Indian Navy deployed at INS Hansa, Goa during May/June 2021. It carried out Ceremonial First Flight' of upgraded Dhruv Civil Helicopter on November 26, 2021.
During the year 2023, the Company produced 22 numbers of new Aircraft and Helicopters, covering Light Combat Aircraft (LCA) Tejas, Dornier Do-228 Aircraft, Advanced Light Helicopter (ALH) Dhruv, Light Combat Helicopter (LCH) and Light Utility Helicopter (LUH), engines in addition to the production of 51 New Engines and Accessories, at its various Divisions. The Company overhauled 216 Aircraft / Helicopters and 536 engines during the year.
During the year 2023, the Company opened Integrated Cryogenic Engine Manufacturing Facility (ICMF) in Bengaluru on September 27, 2022. It commissioned the production of 15 Light Combat Helicopters (LCH) against the 15 LCH contract ahead of contract schedule. The first flight of the LCA Mk1A prototype (LCA SP-25 modified for MK1A features) was commissioned on May 20, 2022. It produced 4 Do-228 aircraft in advance against the contract for supply 6 Do-228 to IAF. The maiden arrested landing and ski-jump take-off from the indigenous aircraft carrier INS Vikrant was carried out by the LCA Navy MK1 aircraft on February 6, 2023. Handed over the last of the 16 ALH MKIII (Maritime role) order to the Indian Coast Guard (ICG) on November 15, 2022. Delivered the first set of hardware for Gaganyaan mission (first unmanned mission) as well as the 150th HAL made Satellite Bus-structure to ISRO on April 4, 2022. HAL also delivered the Crew Module Fairing (CMF) and HEM-Thrust Transfer Structure (HTS) hardware for Human Spaceflight Program' to Indian Space Research Organization (ISRO) on August 17, 2022 in Bengaluru. Build of LCA Navy MK I Trainer prototype aircraft NP5 (3rd Naval prototype) commissioned and engine ground run carried out on January 16, 2023. Design & development of Indigenous Mission Management System (MMS) integrated on DO-228 (ICG) and flight testing commenced from August 25, 2022. Developed and designed Solid State Flight Data Recorder (SSFDR) / Cockpit Voice Recorder (CVR) for Cheetah, Chetak and Cheetal helicopter. The Company indigenously designed and developed two products, HTT-40 Basic Trainer Aircraft and LUH MkI. It commissioned New Helicopter Manufacturing Factory at Tumakuru; established facilities for manufacturing of semi cryogenic and cryogenic engine components at Integrated Cryogenic Engine Manufacturing Facility (ICMF). The Company achieved a significant milestone towards civil aviation segment and Regional Connectivity Scheme UDAN with the first commercial flight of HAL's civil Do-228 held on April 12, 2022 at Dibrugarh-Pasighat route.
During the year 2023, HTT-40 completed erect spin certification flights, and PSQR validation trials. First Inverted Spin tests was carried out in March, 2023.
Hindustan Aeronautics Ltd
Chairman Speech
Dear Shareholders,
It gives me immense pleasure to welcome you all for the 60th Annual
General Meeting of Hindustan Aeronautics Limited.
I take this opportunity to share the performance highlights during the year and future
outlook for the Company.
Financial and Performance Highlights of the Year
In the financial year 2022-23, your Company recorded the highest ever turnover of `
26,36,056 Lakh, experiencing strong growth of 8% from the previous year's ` 24,36,166
Lakh. The Profit Before Tax (PBT) saw a growth of 24% from 5,23,115 Lakh to ` 6,49,294
Lakh while the Profit After Tax (PAT) increased by 14% from ` 5,08,650 Lakh to ` 5,81,117
Lakh. Our Order Book position stood healthy at ` 81,78,400 Lakh as on 31st
March, 2023.
The Company has paid 1st & 2nd interim Dividend each of
` 20 per share of face value of `10 each for the Financial Year 2022-23, totalling to
`1,33,755 Lakh. Further, the Board of Directors of the Company has recommended a final
dividend of ` 15 per share of `10 each for approval of shareholders, with a cash outflow
of ` 50,158 Lakh. On approval by the shareholders, the total cash outflow for payment of
Dividend for the Financial Year 2022-23 would be ` 1,83,913 Lakh.
During the year, the Company has produced 22 numbers of new Aircraft and Helicopters,
covering LCA Tejas, Dornier Do-228, ALH Dhruv, Light Combat Helicopter (LCH) and
Light Utility Helicopter (LUH) in addition to the production of 51 New Engines and
Accessories, at its various Divisions. The Company has also overhauled 216 Aircraft /
Helicopters and 536 engines during the year.
Your Company has put in concerted effort on indigenisation of components, accessories
and systems required to manufacture as well as repair & overhaul of aircraft, engine
and associated accessories. Every year, the Company indigenizes various items/ components
and systems of foreign origin fitted on HAL platforms through in-house capabilities or
with the help of local vendors to reduce dependence on imports, savings in foreign
exchange and manage obsolescence, thus fostering self-reliance through ‘Make in
India'.
During the year, in line with the Atmanirbhar Bharat Abhiyan of Govt. of India, the
Company has placed orders worth ` 5,977 Lakh for indigenous development of 26 Line
Replaceable Units (LRUs) under Make-I and Project Sanction Orders for additional 36 LRUs
under Make II.
Significant Achievements
Your Company has witnessed several significant achievements during the year, some of
which are highlighted as under:
Hon'ble President of India, inaugurated HAL's state-of-the-art Integrated Cryogenic
Engine Manufacturing Facility (ICMF) in Bengaluru on 27th September, 2022. The
facility not only cater to the entire Rocket Engine Manufacturing under one roof for ISRO
but also boost self-reliance in manufacturing of Hi-thrust Rocket engines.
Hon'ble Prime Minister, Shri Narendra Modi unveiled HTT-
40 the indigenous trainer aircraft designed and developed by HAL at the India Pavilion
during DEFEXPO-2022 at Gandhinagar, Gujarat on 19th October, 2022.
Hon'ble Prime Minister dedicated HAL's New Helicopter
Factory in Tumakuru to the nation on 6th February, 2023. During the event,
Hon'ble Prime Minister unveiled HAL's indigenously designed and developed Light Utility
Helicopter (LUH).
Hon'ble Raksha Mantri inducted Prachand - Light Combat
Helicopters (LCH) in IAF on 3rd October, 2022.
Successfully completed the production of 15 Light Combat
Helicopters (LCH) ahead of contract schedule.
The first flight of the LCA Mk1A prototype (LCA SP-25 modified for MK1A features) was
conducted on 20th May, 2022, which is a major milestone towards LCA MK1A
program.
Delivered the first set of hardware for Gaganyaan mission
(first unmanned mission) as well as the 150th HAL made Satellite
Bus-structure to ISRO on 4th April, 2022.
Mission Management System (MMS) for DO-228 aircraft was Indigenously Designed and
Developed and 4 aircraft were upgraded and delivered to Indian Coast Guard (ICG).
Solid State Flight Data Recorder (SSFDR) / Cockpit
Voice Recorder (CVR) for Cheetah, Chetak and Cheetal helicopter was designed and
developed. ‘Type Approval' for this system has been accorded by CEMILAC. The
‘Flight Clearance' for deployable Flight Data Recorder (FDR) and Interface Computer
for DO-228 aircraft was also accorded by RCMA (Korwa).
New Initiatives
During the year, your Company has taken many new initiatives, which includes Design and
Development of LUH Civil, Hindustan Lead in Fighter Trainer (HLFT-42), ALH WSI Phase-II
program, Level D Full Flight Simulator for Hindustan-228, Full Mission Simulator for LUH,
Indigenisation of Integrated Architecture & Display System (IADS) and Automatic Flight
Control System
(AFCS) of ALH. HAL also received a Development cum Production Partner (DcPP)/
Production Agency (PA) certificate for ABHYAS - High Speed Expendable Aerial Target (HEAT)
System from DRDO. Further, following significant MOUs have been signed by HAL:
With Safran Helicopter Engines to create a new joint venture intended for design,
development, production, sales and support of helicopter engines to meet not only the
requirements of future helicopters programmes of Indian Defence including the 13-ton IMRH
(Indian Multi-Role Helicopter), but also for the Global market.
With Air Mauritius Limited for undertaking a feasibility study for enhancing /
setting-up MRO facility by Air Mauritius towards maintenance and other associated works on
HAL supplied Do-228 aircraft to Mauritius Air Squadron as well as other countries in the
region.
With Rolls Royce in July, 2022 to explore the potential opportunity of HAL to become in
Country partner supplier for MT7 Marine Gas Turbine Package for sales within the Indian
Market.
With Heroux Devtek at Farnborough Airshow on 19th July ,
2022, for design, development, manufacture, repair and overhaul of Landing gears of
C-295 aircraft.
With Honeywell International Inc. at Farnborough Airshow in July 2022 for ‘High
Power Generation Equipment , collaboration'.
With Israel Aerospace Industries (IAI) Limited for leasing, operation and maintenance
of fixed wing UAVs to the Indian Defence Forces.
Future Outlook
Indian Defence Sector which was so far contributing as strategic sector is gradually
developing as an economic sector which is capable to contribute to the economic growth of
the country. Under the Atmanirbhar Bharat initiative, Government is facilitating the
development of the Indian industry to reduce the defence import as well as dependence on
the foreign OEMs. Various initiatives of the GoI in recent days have given thrust on the
indigenization and indigenous procurement of defence equipment. Over next 5 -10 years such
reforms will equally help Defence PSUs and private industry to put a firm step towards
achieving a self-sustaining Defence industry in the country.
As continuous efforts towards achieving self-reliance "Atmanirbharta" in the
Aerospace & Defence industry in India, HAL will remain involved in supporting Startup
Companies, SMEs/ MSMEs, Tier – II and III vendors. HAL will also keep handholding the
vendors and suppliers in R&D, capability development and extended employment
generation.
In near future, Indian Defence market will continue to be prime revenue source for HAL
due to projects like LCA Mk1A, LCH, LUH and HTT-40. The company has taken various
initiatives to make systems more agile, effective, cost efficient and to be competitive.
Enhancement of HAL capability is being planned to cater above projects. New production
line are being installed for HTT-40 and LCA Mk1A Production.
In medium term, we are also looking forward to diversify and increase our presence in
UAV, Civil MRO & allied operations, Digital Solutions and new space segments as
strategic initiatives. Also, we are focusing on strengthening marketing efforts, expanding
geographical presence and collaboration with Indian Industry / Global OEMs to boost export
sales.
Research and Development (R&D)
Your Company has continued its efforts towards the Design and Development of new
platforms/ products / technologies and activities to enhance its capability with a view to
bring technological superiority to its products and to cope up with the future
technological challenges. These efforts have resulted in major achievements such as
successful first _ight of ALH with two segmented Main Rotor Blades and Pre-Cone Main Rotor
Head developed to address the stringent stowage dimension requirement of Indian Navy,
first Inverted Spin tests of HTT-40, first _ight of LCA Mk1A and maiden arrested
landing & ski-jump take-off by LCA Navy MK1 aircraft from the indigenous
aircraft carrier INS Vikrant.
The futuristic projects such as LCA Mk II, Advance Medium Combat Aircraft (AMCA),
Indian Multirole Helicopter (IMRH), Twin Engine Deck Based Fighter (TEDBF), Combat Air
Teaming System (CATS) etc. will ensure technological lead of HAL in the years to come, due
to significant design & development activities. This will provide good visibility for
future platform orders.
During the year, the Company has incurred a total R&D expenditure of `2,49,433
Lakh, which is 9.46% of the Turnover. The Company has transferred a sum of `53,881 Lakh
(15% of Operating PAT) to R&D corpus during the year 2022-23.
Corporate Governance
Your Company always strives to conduct the business with integrity, and in ethical
& transparent manner and attain the highest standard of Corporate Governance practice.
The Company has complied with the Guidelines on Corporate Governance framed by the
Department of Public Enterprises (DPE) and SEBI Listing Regulations except for the
appointment of the requisite number of Independent Directors. The Company has established
Systems and Procedures to ensure that its Board of Directors is well informed about the
Policies of the Company, to enable them to discharge their responsibilities and to enhance
the overall value of all stakeholders. We are periodically reviewing the Policies and
Procedures of the Company and updating them to ensure transparency in all aspects of the
Company's working. Your Company has been continuously rated ‘Excellent' grade for its
compliances with DPE Guidelines on Corporate Governance.
Corporate Social Responsibility and Sustainability Development
Your Company is committed to its social responsibility. In this endeavour, the Company
has undertaken various CSR programmes and projects, towards integrating our social and
business goals in a sustainable manner in line with schedule VII of the Companies Act,
2013. An amount of ` 10,328 Lakh has been spent under CSR in the Financial Year 2022-23
against the CSR budget/ obligation of `9,707 Lakh.
Acknowledgement
Your Company will continue to pursue global standards, and I am confident that the
Company will achieve many milestones. We hope to attain all round success with the
continued support and guidance of all our stakeholders.
I take this opportunity to extend my sincere gratitude to the Department of Defence
Production, Defence Acquisition Council, Defence Finance, Department of Civil Aviation and
our valuable customers viz., the Indian Air Force, Indian Army, Indian Navy, Indian Coast
Guard, Border Security Force, ISRO and other Global Aviation Companies.
I also thank DGAQA, CEMILAC, Principal Controller of Defence Accounts, Principal
Director of Commercial Audit, C&AG, Auditors, Bankers, Legal Advisors, Collaborators,
Suppliers, Shareholders and other Agencies and acknowledge their contributions in our
achievements.
I am grateful to the members on the Board for their valuable guidance and acknowledge
the immense contribution and dedication of the employees of the Company at all levels.
|
C.B. Ananthakrishnan |
|
Director (Finance) & CFO |
| Place : Bengaluru |
Chairman and Managing Director |
| Date : July 19, 2023 |
(Additional Charge) |
  Â
Hindustan Aeronautics Ltd
Company History
Hindustan Aeronautics Limited (HAL), a Public Sector Enterprise, is engaged in the design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including, aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures. The Operations are organised into five complexes, namely the Bangalore Complex, MiG Complex, Helicopter Complex, Accessories Complex, and Design Complex, which together include 20 production divisions and 11 research and design centres (R&D Centres) located across India. The Company relies on indigenous research as well as enters into technology transfer and licence agreements to manufacture its products. In addition, the company has entered into 13 commercial joint ventures to grow its operations.
Hindustan Aeronautics Limited (HAL) was incorporated as a Private Limited Company with the name 'Aeronautics India Limited' on August 16, 1963. Subsequently, Hindustan Aircraft Limited, a Company incorporated on December 23, 1940 merged with the Company, pursuant to the Aircraft Companies' Amalgamation Order dated September 28, 1964. The name of the Company was changed to 'Hindustan Aeronautics Limited' on December 05, 1964 with effect from October 01, 1964
In 1970, the Company established the Helicopter factory at Bangalore. In 1983, the company established the Korwa Division for Advanced Avionics at Korwa, Uttar Pradesh.
The status of the Company was changed to Public Limited Company by a Special Resolution of the Members of the Company passed at the Extra Ordinary General Meeting held on July 10, 1995.
In 1998, the Company established the Industrial and Marine Gas Turbine Division for aeroderivative gas turbines and industrial engines at Bangalore. In 2000, the company established the Airport Service Centre at Bangalore.
The Company's Aircraft Upgrade R&D Centre ('AURDC') was conferred with the 'Raksha Mantri's Award for Excellence in Performance (Design Effort)' in relation to the MiG-27 aircraft for the year 2005-06.
In 2006, the Company upgraded the Barrackpore Branch Factory to a Division.
The Company was notified as a Navratna Company by the Department of Public Enterprises, GoI through notification on June 27, 2007. The Navratna status provides the Company with strategic and operational autonomy and enhanced powers to make prompt investment decisions, subject to an overall investment ceiling set by the GoI.
In 2008, the Company created a separate Helicopter Complex. In 2015, the company carried out restructuring of all R&D Centres under Design Complex.
In 2016, the Company upgraded the Korwa Branch of Aerospace Systems and Equipment Research and Design Centre to an R&D Centre. On 29 December 2016, Naini Aerospace Limited was incorporated as a 100% subsidiary of Hindustan Aeronautics.
On 2 May 2017, the Company's subsidiary Indo-Russian Helicopters Limited was incorporated.
During year 2018-19, Company produced 41 new Aircraft and Helicopters. Additionally, they produced 102 New Aero-Engines and Accessories. It overhauled 213 platforms of various aircraft. Further, 560 Russian and western origin aero-engines were overhauled by the Company during the year under review.
During the year 2018-19, Light Combat Helicopter (LCH) completed all weapon integration and firing tests in January, 2019 and is ready for induction. The maiden flight of third prototype (PT3) of Light Utility Helicopter (LUH) was conducted on 14th December, 2018. Advanced Light Helicopter (ALH) blade folding capability was demonstrated to customer on December 19, 2018 on CG 855 helicopter. The LCA Tejas completed mid-air refuelling trial by Wet (actual) Engagement on 10th September, 2018. It accomplished 100% running of HTFE-25 crore 2 Engine with Inlet Guide Vane (IGV) modulation in March, 2019. It indigeneously designed and developed Gas Turbine Electrical Generator (GTEG-60) Auxiliary Power Unit (APU) to start the main engines of AN-32 Military Transport Aircraft was flown on 11th February, 2019. Astra Missile was test fired by the IAF on 26th September, 2018. The LCA Naval Prototype -2 (NP2), safely executed the first contract of the HAL- designed and developed Arrester Hook System (AHS) with arresting wire at moderate taxi-in speed on August 02nd, 2018. The first Mirage 2000 aircraft upgraded to IOC standard with indigenous modification kits was delivered by the Company to the IAF on 01st January, 2019. The Company flew the Light Utility Helicopter (LUH) on 29th December, 2018.
During year 2019-20, Company has produced 31 new Aircraft and Helicopters, covering Su-30 MKI, LCA Tejas, Dornier Do228, ALH Dhruv, Cheetal Helicopter and Chetak Helicopter, in addition to the production of 117 New Engines and Accessories. It overhauled 201 platforms including both fixed wing and rotary wing aircraft of various types. Further, 486 aero-engines of Russian and Western origin were also overhauled during the year under review. It has signaled out 7 ALHs of the current year production ahead of schedule for Army and delivered 1 Chetak Helicopter to the Indian Navy ahead of schedule. It has commenced production of Jaguar DARIN III (FOC) Upgrade and started manufacturing of RD-33 Engines.
During year 2020-21, Company has produced 44 Nos of new Aircraft and Helicopters, covering Su-30 MKI, LCA Tejas, Dornier Do-228, ALH Dhruv, Light Combat Helicopter (LCH) and Chetak helicopter in addition to the production of 102 New Engines and Accessories. It overhauled 198 Nos of Aircraft and Helicopters. Further, 506 engines were also overhauled during the year 2020-21. The Company produced FOC standard LCA Tejas has been inducted into IAF Squadron The Flying Bullets' on May 27, 2020. Second production line for LCA aircraft has been operationalised and 2 LCAs have been produced in FY 2020-21. Two Light Combat Helicopters (LCH) were deployed for operations at high altitude at short notice to support IAF missions on August 12, 2020. Three Light Combat Helicopters (LCH) have been produced and signalled out against the Letter of Intent of IAF. It overhauled 5 Nos of Su30-MKI aircraft. It received Initial Operational Clearance (IOC) of Light Utility Helicopter (LUH) for the Indian Army from CEMILAC at the Aero India 2021. It received Operational Clearance from CEMILAC for ALH Mk-III for Indian Coast Guard and Indian Navy in January, 2021. The Company handed over three ALH Mk III to the Indian Navy and two ALH to Indian Coast Guard at the Aero India 2021. It demonstrated the tail boom folding
operation on ALH Mk-III helicopter in November, 2020. The first Upgraded ALH Mk III CIVIL helicopter has been produced in November, 2020. It indigenously designed and developed a 60kW Gas Turbine Electrical Generator (GTEG-60), the Auxiliary Power Unit (APU) for the Military Transport aircraft AN-32, which has attained operational clearance on May 28, 2020. The 150th Do-228 aircraft, produced by HAL was handed over on November 11, 2020. A digital Pilot Operating Handbook (POH)' was also released as in-house efforts
towards automation and Digital India'. It manufactured 300th Advanced Light Helicopter (ALH) which was rolled out and certified on 29th September, 2020. The biggest Cryogenic propellant tank (C32 LH2) ever fabricated for ISRO, was delivered to ISRO on November
28, 2020. FirstISROSENE Propellant Tank' ofsemi cryo developmental project has been formally handed over to LPSC, ISRO on 05th February, 2021. Inner Ring, a critical aero-engine component operating in the hot zone, has been developed and manufactured through 3D printing technology with the collaboration of Wipro Enterprises (P) Ltd. During the year 2021, the Company has entered into a contract for supply of 83 LCA Mk1A to IAF. It carried the production and supply orders of Su-30 MKI aircraft, Light Combat Aircraft (LCA) Tejas, Dornier Do-228 Aircraft, Advanced Light Helicopter (ALH) Dhruv, Light Combat Helicopter (LCH), Chetak helicopter, engines, accessories and aerospace structures to fulfill the requirement of their esteemed customers. It has achieved significant progress in various R&D / Development Projects viz. Basic Trainer Aircraft (HTT-40), Light Utility Helicopter (LUH), Light Combat Aircraft (LCA)- MK1A,
Jaguar Darin III Upgrade, Hawk-i and Development of Engines.
During the year 2022, the Company has produced 34 numbers of new Aircraft and Helicopters, covering LCA Tejas, Dornier Do228, ALH Dhruv and Light Combat Helicopter (LCH) in addition to the production of 80 New Engines and Accessories, at its various Divisions. It has also overhauled 207 Aircraft / Helicopters and 506 engines during the year.
As on March 31, 2022, Company has 2 Subsidiaries including 1 wholly owned Subsidiary and 14 Joint Venture Companies (JVCs) including 2 Not-for-Profit Companies.
During year 2021-22, Company handed over 75th ROH Su-30 MKI aircraft to IAF on January 25, 2022. It completed Mid-Life upgrade of two Do-228 aircraft for Coast Guard in 2021-22 against deliveries originally scheduled to start from 2022-23 as per Contract. It commenced Performance Based Logistics (PBL) operations of ALH Mk III (MR) on February 10, 2022 for the first batch of ALH Mk III (MR) inducted by CG under PBL support regime. It made an investment of Rs. 1,20,000 Lakh in UP Defence Industrial Corridor (UPDIC) towards
enhancement of capacity & capability at Lucknow, Korwa and Kanpur Divisions of HAL. In-line with Government's vision to boost defence exports to friendly foreign countries, HAL signed contracts with Government of Mauritius (GoM) for export of one passenger variant Do-228 (PVD) on September 10, 2021 and for one Advanced Light Helicopter (ALH) Mk III helicopter on January 19, 2022. Further, HAL has already completed the production and delivery of this Do-228 PVD for Mauritius ahead of contractual delivery commitment. The Intermediate Jet Trainer (IJT), designed and developed by HAL for stage -II training of IAF pilots has demonstrated the capability to carry out six turn spins, to the LH and RH sides, which is the most crucial stage in flight trials. The Company indigenously designed and developed Air Data Computer ADC 3600A CVL1 (ADC-ITSOA)' which is Environmentally Qualified' with in-house developed application software certified for civil platforms of aircraft and helicopters. It integrated and flown Lithium Main Battery' on HTT-40 and making it first time in the continent using lithium battery for military aviation. It indigenously designed and developed Solid State Weapon Control System (SSWCS) for management of weapons on Jaguar aircraft as a replacement to the ageing Armament Main unit (AMU). It completed the design, development and certification of Solid State Cockpit Voice and Flight Data Recorder (SSCVFDR) and Control Unit (CU) for Hindustan-228 aircraft. The heaviest Semi-Cryogenic propellant tank (SC120- LOX) ever fabricated by HAL was delivered to Indian Space Research Organization (ISRO) on October 5, 2021.
During the year 2022, the Company has produced Light Combat Aircraft (LCA) Tejas, Dornier Do-228 Aircraft (both civil & military), Advanced Light Helicopter (ALH) Dhruv, Light Combat Helicopter (LCH), engines, accessories and aerospace structures against the various customer orders. It launched production of Light Utility Helicopter (LUH). It signed a lease agreement with Alliance Air Aviation Limited on September 26, 2021 for the supply of two Civil Do-228 aircraft for regional operations in Arunachal Pradesh to boost the Regional Connectivity Scheme (RCS). First commercial flight on the Dibrugarh-Pasighat route commenced on April 12, 2022 by Alliance Air Aviation Limited. It embarked on DGCA Type Certification (TC) of 19 seater Hindustan-228 aircraft, a Do-228 Civil variant.
In FY 2022, the Company launched new platform design and development programmes such as Combat Air Teaming System (CATS)
Warrior, Hindustan Lead in Fighter Trainer HLFT-42, High Altitude Pseudo Satellite (HAPS), Utility Helicopter-Maritime, Deck Based Multi Role Helicopter (DBMRH). It has signed an MoU with Rolls-Royce on April 9, 2021 to explore the potential opportunity of HAL to become a
'Build to Print' supplier for the MT30 (Gas Turbine) package for sales within the Indian market. It signed an agreement with Rolls-Royce on September 14, 2021 for Make-in-India Adour engine parts to support Rolls-Royce's international defence customer base. The Company and d ZeroAvia entered into a development collaboration agreement on 9th November, 2021 for hydrogen-electric
powertrain capable of flying the 19 seat Dornier 228 aircraft up to 500 NM. It signed an MoU with Max AeroSpace & Aviation Pvt. Ltd., Mumbai on 12th January, 2022 to explore business opportunities for MRO of civil aircraft. It signed an MoU with Uganda Peoples Defence Forces (UPDF) on 3rd March, 2022 towards Co-operation for Repair, Overhaul and maintenance, supply of spares etc., for
Su-30 Mk2 of UPDF. It signed an MoU with Safran Helicopter Engines (SafranHE) on 14th March, 2022 for exploring business
opportunities in the area of Helicopter Engines, etc. It has entered into a MoU with Israel Aerospace Industries (IAI) on 4th April, 2022 to convert Civil (Passenger) aircraft to Multi Mission Tanker Transport (MMTT) aircraft in India. It integrated Medical Intensive Care Unit (MICU) on board two ALH MK III of Indian Navy deployed at INS Hansa, Goa during May/June 2021. It carried out Ceremonial First Flight' of upgraded Dhruv Civil Helicopter on November 26, 2021.
During the year 2023, the Company produced 22 numbers of new Aircraft and Helicopters, covering Light Combat Aircraft (LCA) Tejas, Dornier Do-228 Aircraft, Advanced Light Helicopter (ALH) Dhruv, Light Combat Helicopter (LCH) and Light Utility Helicopter (LUH), engines in addition to the production of 51 New Engines and Accessories, at its various Divisions. The Company overhauled 216 Aircraft / Helicopters and 536 engines during the year.
During the year 2023, the Company opened Integrated Cryogenic Engine Manufacturing Facility (ICMF) in Bengaluru on September 27, 2022. It commissioned the production of 15 Light Combat Helicopters (LCH) against the 15 LCH contract ahead of contract schedule. The first flight of the LCA Mk1A prototype (LCA SP-25 modified for MK1A features) was commissioned on May 20, 2022. It produced 4 Do-228 aircraft in advance against the contract for supply 6 Do-228 to IAF. The maiden arrested landing and ski-jump take-off from the indigenous aircraft carrier INS Vikrant was carried out by the LCA Navy MK1 aircraft on February 6, 2023. Handed over the last of the 16 ALH MKIII (Maritime role) order to the Indian Coast Guard (ICG) on November 15, 2022. Delivered the first set of hardware for Gaganyaan mission (first unmanned mission) as well as the 150th HAL made Satellite Bus-structure to ISRO on April 4, 2022. HAL also delivered the Crew Module Fairing (CMF) and HEM-Thrust Transfer Structure (HTS) hardware for Human Spaceflight Program' to Indian Space Research Organization (ISRO) on August 17, 2022 in Bengaluru. Build of LCA Navy MK I Trainer prototype aircraft NP5 (3rd Naval prototype) commissioned and engine ground run carried out on January 16, 2023. Design & development of Indigenous Mission Management System (MMS) integrated on DO-228 (ICG) and flight testing commenced from August 25, 2022. Developed and designed Solid State Flight Data Recorder (SSFDR) / Cockpit Voice Recorder (CVR) for Cheetah, Chetak and Cheetal helicopter. The Company indigenously designed and developed two products, HTT-40 Basic Trainer Aircraft and LUH MkI. It commissioned New Helicopter Manufacturing Factory at Tumakuru; established facilities for manufacturing of semi cryogenic and cryogenic engine components at Integrated Cryogenic Engine Manufacturing Facility (ICMF). The Company achieved a significant milestone towards civil aviation segment and Regional Connectivity Scheme UDAN with the first commercial flight of HAL's civil Do-228 held on April 12, 2022 at Dibrugarh-Pasighat route.
During the year 2023, HTT-40 completed erect spin certification flights, and PSQR validation trials. First Inverted Spin tests was carried out in March, 2023.
Hindustan Aeronautics Ltd
Directors Reports
Hindustan Aeronautics Ltd
Company Background
| Incorporation Year | 1963 |
| Registered Office | Post Box No 5150,15/1 Cubbon Road
Bangalore,Karnataka-560001 |
| Telephone | 91-080-22320001,Managing Director |
| Fax | 91-080-22320758 |
C B AnanthakrishnanC B Ananthakrishnan| Company Secretary | |
| Auditor | A John Moris & Co |
| Face Value | 5 |
| Market Lot | 1 |
| Listing | BSE,NSE, |
| Registrar | KFin Techologies Ltd
Karvy Selenium Tow-B,31&32 Financial Dist,Nanakramguda ,Hyderabad-500032 |
Hindustan Aeronautics Ltd
Company Management
| Director Name | Director Designation | Year |
|---|
| C B Ananthakrishnan | Chairman & MD & Dir.(Finance) | 2023 |
| EJIPURA PUTHRAPPA JAYADEVA | Executive Director - Human Resources / WTD | 2023 |
| D K Sunil | Director (Engineering) | 2023 |
| T Natarajan | Non Executive Director / Nominee - Government | 2023 |
| Tessy Thomas | Non Executive Director / Nominee - Government | 2023 |
| Divya Gupta | Independent Non Exe. Director | 2023 |
| Deepak Abasaheb Shinde | Independent Non Exe. Director | 2023 |
| Atasi Baran Pradhan | Executive Director (HR) | 2023 |
| M Z Siddique | Nominee (Govt) | 2023 |
Hindustan Aeronautics Ltd
Listing Information
| Listing Information |
|---|
| BSE_500 |
| BSE_CG |
| BSE_100 |
| BSE_200 |
| BSEDOLLEX |
| BSE_PSU |
| NIFTYJR |
| CNX500 |
| CNX100 |
| CNX_PSE |
| CNX200 |
| BSEGREENEX |
| CNXALPHAIN |
| BSECARBONE |
| BSECPSE |
| NFT100EQWT |
| BSEALLCAP |
| BSELARGECA |
| INDUSTRIAL |
| NFTQULTY30 |
| SENSNEXT50 |
| LMI250 |
| BSEMOI |
| BSE100LTMC |
| NFTYLM250 |
| NFTY200Q30 |
| NFTY200M30 |
| NF500M5025 |
| NFTYINDMFG |
| NFTYTOTMKT |
| NFTY200A30 |
Hindustan Aeronautics Ltd
Finished Product
| Product Name | Unit | Installed
Capacity | Production
Quantity | Sales
Quantity | Sales
Value |
|---|
| Sale of Services | NA | 0 | 0 | 0 | 9170.87 |
| Finished Goods | NA | 0 | 0 | 0 | 8528.51 |
| Spares | NA | 0 | 0 | 0 | 2659.27 |
| Development | NA | 0 | 0 | 0 | 452.69 |
| Miscellaneous | NA | 0 | 0 | 0 | 406.53 |
| Provision no Longer Required | NA | 0 | 0 | 0 | 185.55 |
| Other Operating Revenue | NA | 0 | 0 | 0 | 27.19 |
| Disposal of Scrap & Surplus | NA | 0 | 0 | 0 | 7.77 |
| Adjustment | NA | 0 | 0 | 0 | 0 |
| Prior Period Items | NA | 0 | 0 | 0 | 0 |
| Repairs and Overhaul | NA | 0 | 0 | 0 | 0 |
| Sales | NA | 0 | 0 | 0 | 0 |