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APRIL 2016 ISSUE

HAL Conferred with ‘SCOPE Excellence Award’
 
Hindustan Aeronautics Limited (HAL) has been conferred with ‘SCOPE Excellence Award’ for outstanding contribution to the Public Sector Management. President Pranab Mukherjee presented the prestigious award to CMD, HAL, T Suvarna Raju, on Public Sector Day celebrations held in New Delhi on April 11.

On receiving the award, Raju said, “Bestowal of SCOPE Excellence Award validates the work we are doing at HAL with passion. The award further motivates us to excel and deliver on our promises”.

‘Focus on execution’, is one single factor, which has yielded excellent returns both in terms of boosting the profitability and also strengthening the brand image of HAL, he added.

The coveted award was presented to HAL under institutional category for the year 2011-12.

Significantly, HAL’s turnover has surged to Rs 16,524 crore for the financial year 2015-16 with PBT standing at Rs 3,210 crore for the year. HAL made a contribution of Rs 4,284 crore to the government as buyback of 25 per cent of the share capital and free reserves apart from paying a dividend of Rs 510 crore for the FY 2015-16.

Anant G. Geete, minister for heavy industries and public enterprises, G.M. Siddeshwara, minister of state for heavy industries and public enterprises, A. Luikham, secretary DPE, R. G. Rajan, Chairman SCOPE and CMD RCFL were present on the occasion.

Scope award
 
 


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