#HAL may be next most Expensive stock in India.
HAL recorded a turnover of over $3BN /Rs 21,100 crore on March 31, 2020, up from the previous year's figure of Rs19,705 crore.HAL turnover could touch $10 BN (71,000 cr) in next 6-7 yrs...due to PM Modi's #Make in India initiatives and #Atmanirbhar Bharat.
✅What Are the key reasons behind high Expectations -
☑️(1)We know Defence Ministry gave green signal to the purchase of 83 Light Combat Aircraft Mark 1A #Tejas from the HAL, at a cost of Rs 39,000 crore.
☑️(2)India needs at least 600 #Helicopters in the civil sector....HAL will be key supplier.
☑️(3) HAL is looking at setting up #Logistics bases in Malaysia, Vietnam, Indonesia and Sri Lanka as part of initiatives to woo the countries to buy India's light combat aircraft Tejas and military helicopters.
☑️(4) HAL is investing in #R&D for 12 tonne category of helicopters, these choppers may replace MIG-17s.
☑️(5)HAL #Ranks higher than French aircraft manufacturer Dassault—in terms of defence revenue and overall presence in the global defence market in 2017—says an independent survey by American publication Defense News.
As per the survey, among the world’s top 100 defence companies in 2018, HAL ranks 38 while Dassault Aviation ranks 44.
☑️(6) The Defence Ministry has set a target turnover of Rs 1,70,000 crore in military goods and services by 2025 and export Rs 35,000 crore in military equipment and services by 2025 by promoting the domestic defence industry
