HAL expects to double its order book to Rs 1 lakh crore by FY21 end

State-run Hindustan Aeronautics Ltd (HAL) expects to double its order book to Rs 1 lakh crore by the end of FY21.

Speaking to CNBC-TV18, R Madhavan, CMD, Hindustan Aeronautics said, “As per the orders which are in pipeline, we feel that we will double our order book position from the present that is around Rs 52,900 crore to more than 1 lakh crore by end of this financial year."

Talking about margins he said, “The margin for all new orders will be at 7.50 percent which is down from 10 percent which was earlier. But we expect that our gross margin will continue to be at the same levels what we had the last couple of years that is around 23-25 percent.”