Hindustan Aeronautics Limited (HAL) Achieves Maharatna Status
| Aspect | Details |
|---|---|
| Event | HAL upgraded to Maharatna status. |
| Date of Announcement | October 12, 2024 |
| Total Maharatna CPSEs | 14 |
| Approval | Approved by Finance Minister Nirmala Sitharaman based on recommendations from committees. |
| Criteria Met | - Average annual turnover: ₹25,000 crore |
| - Average annual net worth: ₹15,000 crore | |
| - Average annual net profit: ₹5,000 crore over the past three years | |
| Financial Highlights | - Q1 FY25 net profit: ₹1,437.2 crore (76.5% increase YoY) |
| - Revenue growth: 11% YoY | |
| Stock Price Reaction | Stock trading at ₹4,510, reflecting a 1.42% increase. |
| Maharatna Advantage | - Up to 15% of net worth investment in projects |
| - Up to ₹5,000 crore in foreign ventures without government approval | |
| - Enhanced operational autonomy |