Achieving a record-breaking revenue of over Rs 29,810 crore, the aerospace giant HAL marked an impressive 11 percent increase compared to the previous fiscal year’s 9 percent. This significant growth demonstrates HAL’s resilience and adaptability in navigating through supply chain hurdles, particularly those stemming from geopolitical tensions.

HAL’s performance surpassed expectations, despite facing considerable supply chain challenges. Reflecting its commitment to excellence and innovation, HAL secured manufacturing contracts exceeding Rs 19,000 crore and Repair and Overhaul (ROH) contracts surpassing Rs. 16,000 crore during FY 2023-24.

One notable achievement during the fiscal year was HAL’s swift fulfilment of an export contract with the Guyana Defence Forces, supplying two Hindustan-228 aircraft within a month of contract signing. This rapid delivery underscored HAL’s proactive approach and commitment to meeting customer needs efficiently.

Furthermore, HAL celebrated significant milestones, including the successful maiden flight of the first production series fighter of LCA Mk1A in March 2024.

The company’s robust order book exceeds Rs 94,000 crore, with substantial new contracts anticipated for the upcoming fiscal year.

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The facility will be set up with an investment of Rs 1200 crore ($150 million) and is expected to create about 1,000 high-skilled jobs in Telangana. The MRO will also give a significant boost to Hyderabad International Airport and the Telangana Aviation ecosystem.

Telangana Minister KT Rama Rao welcomed the Safran group’s decision to select Hyderabad for its mega aeroplane engine MRO.

The MRO facility in Hyderabad will overhaul their market leading LEAP 1A and Leap 1B aero engines used by Indian and foreign commercial airlines. This is also reported to be the biggest MRO Shop on the Safran aircraft engine MRO network globally.

This world class engine MRO facility is expected to have a huge multiplier effect on the local aerospace manufacturing ecosystem, with a potential to attract further investments and create high value jobs in the state.

Safran has recently established two mega aerospace projects in Hyderabad. The Safran electrical and power factory produces engine wire harnesses and the Safran aircraft engine factory manufactures critical aero engine parts for LEAP engines.

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