Hindustan Aeronautics Limited (HAL) has been upgraded to Maharatna status, boosting its operational autonomy.
HAL reported an annual turnover of ₹28,162 crore and a net profit of ₹7,595 crore for FY 2023-24.
HAL qualified by meeting criteria like Navratna status, annual turnover over ₹20,000 crore, and global presence.
With Maharatna status, HAL can invest up to ₹5,000 crore in foreign ventures without government approval.
HAL shares surged 57% in 2024 and 275% over the past two years, with a current market cap of ₹2,97,394 crore.
The HAL Share Price was up by 1.52%, trending at Rs. 4,515.74 at 9:42 AM on Monday, October 14th.