Hindustan Aeronautics Ltd becomes 14th Maharatna CPSE:

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.
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