Bangalore: The Rashtrapati Rampal Agreement has come up with the name Hindustan Aeronautics Limited (Hall). For the past few years, the Congress-led opposition has accused the government of halting the public sector firm HAL and handing over a contract to the government of an inexperienced Reliance Defense. On the other hand, the comments made by former French President François Hollande were further fueled by the controversy. Defense Minister Nirmala Sitharaman said that the ‘Hall’ lack of capacity was not given the contract. Hence, the company has been able to raise the record for the highest turnover in the ‘Hall’ record.
“Hall” for the financial year 2017-18 18,200 crore turnover In the last financial year, 17,600 crore turnover. In the first half of this year, the Hall released the statistics. They once again revealed at the 55th Annual General Meeting of the company’s shareholders on Friday. These statistics have become the latest in the face of Raphael controversy.
In the 2017-18 financial year, the company made 40 aircraft and helicopters. These include the Su-30MKI, LCAA Tejas and Darniel. 105 new engines, 550 engine for the space program and 146 new aerostructures.
Recent Defense Minister Nirmala Sitharaman on the Rafael controversy said, “The lack of capacity for the Hall is not a reason for the Rafael Agreement in the UPA regime. Former French President Hollande has recently commented that Modi’s surgeon has named Reliance Defense’s name for the Rafael Agreement. This led to a political controversy.