HAL is most efficient Navaratna

BANGALORE: Hindustan Aeronautics Limited (HAL) has received the honour of the most efficient Navaratna award and also has notched-up the highest ever turnover of Rs 15,180 crores for the FY 2013-14. The figure surpasses the previous year's figure of Rs 14,324 crores.
Dr RK Tyagi, Chairman, HAL, said, "We crossed the psychological barrier of Rs. 15,000 crores and the production has been pretty good as we produced 60 aircraft and helicopters, achieved the initial operational clearance (II) of LCA and filed record 209 patents during the year".
Tyagi added that they were preparing the company for 2020 and beyond.
HAL has also received the “Most Efficient Navratna 2013” award at the fifth Dalal Street Investment Journal Awards night held in New Delhi on Wednesday. Tyagi received the award from the jury. The awards were presented to the various PSUs in different categories in recognition of their performance and contribution to the Indian economy.
Some of the HAL highlights for the FY 2013-14 included Initial Operational Clearance (IOC) received for Light Combat Aircraft (LCA), sea level, night level and high altitude trials successfully done for IJT, etc.