0

0

0

0

0

0

0

0

0

This article is more than 3 year old.

Govt looking to dilute 10% through HAL IPO issue

Mini

The Hindustan Aeronautics Limited has 20 production units and 11 research and development centres.

Govt looking to dilute 10% through HAL IPO issue
The Hindustan Aeronautics Limited (HAL) IPO issue opened on Friday with the government looking to dilute 10% through the issue, the firm told CNBC-TV18.
The Hindustan Aeronautics Limited has 20 production units and 11 research and development centres. The state-owned firm is also building a new facility with a Rs 5,000 crore investment in Bengaluru.
The new facility will be for manufacturing light combat helicopters and enhancing light combat helicopter capacity for 16 years, raising the capacity from the earlier 8-year capacity.
The firm said that defence orders take up a major share of its order book, approximately 92%. Civil orders, however, form 8%.
The firm believes that civil businesses are going to be a major area of operations in coming years. The current order book stands at Rs 68,000 crore. The firm is expecting a 10% operating profit margin, 20% EBITDA margin from the order book.
next story