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Hindustan Aeronautics Limited (HAL) granted ‘Maharatna’ status by Ministry of Finance.
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HAL becomes 14th company to join elite group, expected to boost stock value.
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Maharatna status grants more operational flexibility and financial autonomy.
In a significant development, Hindustan Aeronautics Limited (HAL) has been awarded the prestigious ‘Maharatna’ status by the Ministry of Finance. This upgrade recognizes HAL’s outstanding performance as a Central Public Sector Enterprise (CPSE) under the Department of Defense Production ¹. With an annual turnover of Rs 28,162 crore and a profit of Rs 7,595 crore for the financial year 2023-24, HAL plays a crucial role in India’s defense sector.
The Maharatna status is granted to companies that demonstrate exceptional performance and financial stability. This elite status provides more operational flexibility and financial autonomy, allowing HAL to make significant investments without government approval ². As a result, stock market experts predict a positive impact on HAL’s stock value.
