Hindustan Aeronautics Ltd becomes 14th Maharatna CPSE:

Daily Current Affairs / Hindustan Aeronautics Ltd becomes 14th Maharatna CPSE:

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Category : Business and economics Published on: October 16 2024

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The government has approved the upgradation of Hindustan Aeronautics Limited (HAL) to 14th Maharatna, Central Public Sector Enterprises.
This status will give more autonomy to the company in terms of financial and strategic matters.
Hindustan Aeronautics Limited is a Department of Defence Production, CPSE with an annual turnover of 28 thousand 162 crore rupees and net profit of over seven thousand five hundred crore rupees in 2023-24.