Rs 2.7 lakh crore order book: HAL restructuring on cards to speed up deliveries to armed forces; aim to improve efficiency
Currently, HAL’s order backlog exceeds its yearly revenue by more than eight-fold. (File photo of Tejas) With an aim to speed up deliveries of crucial platforms to the armed forces, the government is looking to restructure the public sector giant Hindustan Aeronautics Limited (HAL). The aim is to improve the operational effectiveness.The restructuring initiative stems…