HAL posted profit of Rs 7,334 crore from 2015-16 to Sept 2018
Updated : February 12, 2019 05:39 AM IST
In a written response to a question in the Rajya Sabha, Subhash Bhamre, Minister of State in the Defence Ministry, said the HAL posted a profit of Rs 1,998 crore in 2015-16, Rs 2,616 crore in 2016-17, Rs 2,070 in 2017-18 and Rs 650 crore until September 2018.
This assumes significance as the aerospace major had taken an overdraft from the bank for paying its employees.
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