‘SCOPE Excellence Award’ for outstanding contribution to the Public Sector Management has been given to Hindustan Aeronautics Limited (HAL). Pranab Mukherjee, President of India, presented the prestigious award to T Suvarna Raju, Chairman & Managing Director, HAL, on Public Sector Day celebrations held at Delhi on April 12.
“Bestowal of SCOPE Excellence Award validates the work we are doing at HAL with passion. The award further motivates us to excel and deliver on our promises,” said Raju on receiving the award.
Our concept of ‘Focus on execution’, has gifted excellent returns by boosting the profitability and also strengthening the brand image of HAL, he added. HAL bagged the award under institutional category for the year 2011-12.
HAL’s turnover has increased to Rs 16,524 crores for the financial year 2015-16 with Profit Before Tax (PBT) standing at Rs 3210 crores for the year. HAL contributed Rs 4,284 crores to the government as buyback of 25 percent of the share capital and free reserves apart from paying a dividend of Rs 510 crores for the FY 2015-16.
Anant G. Geete, Minister for Heavy Industries & Public Enterprises, G M Siddeshwara, Minister of State for Heavy Industries and Public Enterprises, A Luikham, Secretary DPE, R G Rajan, Chairman, SCOPE and CMD, Rashtriya Chemicals and Fertilizers Limited (RCFL) were also present on the occasion.