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Friday, Dec 23, 2005


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HAL pays Rs 48.20-cr interim

Our Bureau

BANGALORE: Hindustan Aeronautics Ltd has paid an interim dividend of 40 per cent or Rs 48.20 crore for the current financial year.

The Defence sector PSU ended the half year till September 30 this year with turnover of Rs 1,311 crore and profit of Rs 299 crore .

The interim dividend is higher than the 30 per cent interim it paid last fiscal, a release said. For 2004-05, its final dividend amounted to Rs 100.21 crore or 83.61 per cent of the paid-up capital. The HAL Chairman, Mr Ashok K. Baweja, handed over the cheque to the Defence Minister, Mr Pranab Mukherjee, in New Delhi recently.

The company said it owes its performance to a series of upgradation programmes, licenced manufacturing projects, indigenisation efforts and aggressive marketing missions.

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