Detailed Narrative
Order Pipeline and Book Trajectory
HAL's order pipeline of Rs 45,000 crores includes 70 HTT-40, 25 ALH (Army), 6 Dornier, 12 LUH, 12 additional Sukhoi-30, and 240 AL-31FP engines. If materialized, this would push the order book beyond Rs 1 lakh crores. Further pipeline of Rs 60,000 crores over 3-5 years includes 145 LCH, 175 LUH, 60 UHM, and balance HTT-40.
Indigenization and Atmanirbhar Push
30 out of 34 new platforms delivered were indigenously designed. Third Positive Indigenization List approved with 780 items, of which 360 are from HAL platforms. R&D reserve increased from 10% to 15% of operating PAT. R&D investment at 6-7% of revenue with Rs 5,000 crores of projects sanctioned.
Export Strategy and International Business
HAL targeting 10% of revenue from exports by 2025 (~Rs 2,500 crores). Active enquiries from Malaysia (LCA tender for 18 Tejas in advanced stage), Philippines, Argentina, Egypt. Opening offices in Malaysia and planning offices in Egypt, Middle East, North America. Pursuing EASA/FAA certifications for global appeal.
ROH Business Robustness
ROH revenue target of Rs 13,000 crores for FY23 (platforms + engines Rs 6,900 crores, accessories/avionics Rs 7,000 crores). Major platforms: 20 Sukhoi, 13 Jaguar, 9 Mirage, 21 Kiran, 9 Hawk, 41 ALH, ~40 Cheetah/Chetak overhauls planned.
Greenfield Expansion and Capacity
Tumakuru helicopter factory nearly complete, ready for operations shortly. First series production LUH took to skies in July 2022. HEMRO JV with Safran for helicopter engine MRO at Goa expected operational by end 2023. Cryogenic engine facility for ISRO programs being established.