CB Ananthakrishnan, HAL Director(Finance) said in a statement that the financial condition of the company is very stable and robust, there is no problem as far as finances are concerned. He also said that HAL reserves and surpluses are good at 12,000 crores, our profitability is growing.
R Madhavan, HAL Chairman and MD while addressing media said, "As of now, it is a 36 aircraft direct purchase so its nothing like manufacturing so that is the reason we are not much interested. If it is manufacturing then we are interested, we are not interested either in offsets or direct purchase."
Hindustan Aeronautics Limited (HAL) is an Indian state-owned aerospace and defence company headquartered in Bangalore, India which is governed under the management of the Indian Ministry of Defence.