Hindustan Aeronautics Limited awarded 'Maharatna' status, granting increased autonomy and investment capabilities.

Hindustan Aeronautics Limited (HAL) has been awarded 'Maharatna' status by the Indian government, making it the 14th company to receive this designation. This status grants HAL increased autonomy and investment capabilities, allowing it to invest up to ₹5,000 crore or 15% of its net worth in single projects without government approval. For the fiscal year 2023-24, HAL reported a turnover of ₹28,162 crore and a profit of ₹7,595 crore, underscoring its role in the aerospace and defense sectors.

October 12, 2024
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