Hindustan Aeronautics Ltd Broke, Borrows Rs 1,000 crore to pay salaries

[Windjammer]

Broke HAL Borrows ₹1,000 Crore To Pay Salaries To Employees
ON JANUARY 5, 2019

Cash-strapped defence PSU Hindustan Aeronautics Ltd (HAL) has been forced to borrow close to Rs 1,000 crore to pay salaries to its employees. The company is worried that work may come to a standstill in April as it does not have money to make fresh purchases or pay vendors.

The main reason for the shortfall is that HAL’s largest customer, Indian Air Force(IAF), has not paid its dues. The IAF has paid only Rs 2,000 crore since September 2017 and its current dues stand at Rs 14,500 crore.

“As of December 31, 2018, overall dues from the armed forces are Rs 15,700 crore. It will touch Rs 20,000 crore by March 31. All of this is for products and services we’ve already delivered,” HAL CMD R Madhavan told TOI late on Thursday. Read More

 

[Crystal-Clear]

why dont they try to export some "indigenous su-30" ?

 

[Rafi]

I'm pissing myself laughing.

 

[Windjammer]

why dont they try to export some "indigenous su-30" ?

Or maybe they should have a sale on their Dhruv.....buy one get the second at half price with 30 days parts and labour guarantee.

 

[Anik101]

HAL has annual turnover of Rs.18000 crore and makes profit of about Rs1500 crore annually

 

[Viny]

Broke HAL Borrows ₹1,000 Crore To Pay Salaries To Employees
ON JANUARY 5, 2019

Cash-strapped defence PSU Hindustan Aeronautics Ltd (HAL) has been forced to borrow close to Rs 1,000 crore to pay salaries to its employees. The company is worried that work may come to a standstill in April as it does not have money to make fresh purchases or pay vendors.

The main reason for the shortfall is that HAL’s largest customer, Indian Air Force(IAF), has not paid its dues. The IAF has paid only Rs 2,000 crore since September 2017 and its current dues stand at Rs 14,500 crore.

“As of December 31, 2018, overall dues from the armed forces are Rs 15,700 crore. It will touch Rs 20,000 crore by March 31. All of this is for products and services we’ve already delivered,” HAL CMD R Madhavan told TOI late on Thursday. Read More

As if IAF is running away with money.
The money has to be transferred between two government agencies, which will happen.
With the order book like the the size of HAL and the its customers list any bank will be more than willing to fulfill the short term requirements.

There are many management tactics to gain recognition and favors for organizations.

 

[Reichsmarschall]

lol fake news
everyone knows HAL is best in Aviation world

 

[艹艹艹]

why dont they try to export some "indigenous su-30" ?

high crash rate

 

[Windjammer]

As if IAF is running away with money.
The money has to be transferred between two government agencies, which will happen.
With the order book like the the size of HAL and the its customers list any bank will be more than willing to fulfill the short term requirements.

There are many management tactics to gain recognition and favors for organizations.

If it's so honky dory then one wonders why the news making headlines in your media.

 

[Crystal-Clear]

high crash rate

Or maybe they should have a sale on their Dhruv.....buy one get the second at half price with 30 days parts and labour guarantee.

who will buy the stuff even rejected by Ecuador ?

 

[Awan68]

As if IAF is running away with money.
The money has to be transferred between two government agencies, which will happen.
With the order book like the the size of HAL and the its customers list any bank will be more than willing to fulfill the short term requirements.

There are many management tactics to gain recognition and favors for organizations.

Customer list? Im confused lol.

 

[Viny]

If it's so honky dory then one wonders why the news making headlines in your media.

Well if you still cannot make this out that, then for sure you will keep wondering...Just a clue...this was done to feed media...if you can take the clue then management tactics 101 chapter 1 first exercise is completed.

Customer list? Im confused lol.

Not astonished. Its not easy to understand Business for some people....

 

[Awan68]

Well if you still cannot make this out that, then for sure you will keep wondering...Just a clue...this was done to feed media...if you can take the clue then management tactics 101 chapter 1 first exercise is completed.


Not astonished. Its not easy to understand Business for some people....

Exactly its very hard to understand Vedic business terms where 1 or 2 local customers are considered a list.

 

[Jugger]

Or maybe they should have a sale on their Dhruv.....buy one get the second at half price with 30 days parts and labour guarantee.

Why are you trolling here... you troll...?
You cry when someone makes fun in your thread but you do the same here...!

 

[Trango Towers]

why dont they try to export some "indigenous su-30" ?

Loooooool