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HAL expects to double its order book to Rs 1 lakh crore by FY21 end

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HAL expects to double its order book to Rs 1 lakh crore by FY21 end

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State-run Hindustan Aeronautics Ltd (HAL) expects to double its order book to Rs 1 lakh crore by the end of FY21.

State-run Hindustan Aeronautics Ltd (HAL) expects to double its order book to Rs 1 lakh crore by the end of FY21.
Speaking to CNBC-TV18, R Madhavan, CMD, Hindustan Aeronautics said, “As per the orders which are in pipeline, we feel that we will double our order book position from the present that is around Rs 52,900 crore to more than 1 lakh crore by end of this financial year."
Talking about margins he said, “The margin for all new orders will be at 7.50 percent which is down from 10 percent which was earlier. But we expect that our gross margin will continue to be at the same levels what we had the last couple of years that is around 23-25 percent.”
While giving revenue guidance he said, “Current year it may be muted because of the COVID situation, but from the coming year onwards the growth will definitely reach double digits and above because that is the rate at which industry moves.”
The government has recently offloaded 15 percent stake in Hindustan Aeronautics Limited (HAL) via offer for sale and it now holds 75 percent in the company.
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