IAF dues mount, HAL’s cash in hand plummets

Credit: IndiaTimes- Published on May 28, 2019
Hindustan Aeronautics Ltd’s cash-in-hand has plummeted to a meagre Rs 140 crore as of March 31 this year — its lowest since 2004 — in a direct impact of its massive dues from the defence ministry. The MoD owed the defence public service unit (DPSU) about Rs 14,000 crore for the financial year ending March 31, 2019. Majority...

You are here

You might like