Hindustan Aeronautics Ltd.

Incorporated in 1963, Hindustan Aeronautics Limited (HAL) is Bengaluru based Defence Public Sector Undertakings (DPSU) company engaged in the design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including, aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures. HAL is 'Navratna' company since June 2007and the largest DPSU. HAL is the 39th largest aerospace company in the world in terms of revenue.Company has 20 production divisions and 11 R&D centres located across India. Indian Defense Services is the main customer of HAL and account for over 93% of sales. HAL also sell its products and provide services to state governments, para-military forces and corporate.Strengths of the company1. Experience of over 5 decades in research, design and development, manufacturing and maintenance, repair and overhaul services.2. Established track record in offering product life cycle support .3. 11 dedicated R&D Centres. Company owns one trademark, seven patents, six design registrations and 44 copyrights.4. Largest DPSU in terms of value of production5. Diversified product portfolio which includes fighter aircraft, trainer aircraft, transport aircraft, military helicopter and civil helicopters and their engines, avionics and accessories

Hindustan Aeronautics Ltd. proposes to utilise the net proceeds from the Issue for the following objects: