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ABOUT THE ISSUER

Hindustan Aeronautics Limited (“HAL”) is the largest Defence Public Sector Undertakings (“DPSU”) in terms of value of production according to the MoD Annual Report 2016-2017. They are the 39th largest Aerospace Company in the world in terms of revenue (in USD million) in 2016 according to Flight International. HAL has been conferred with the "Navratna" status by the GoI in June 2007. HAL is 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. Company’s operations are organised into 5 complexes, namely the Bangalore Complex, MiG Complex, Helicopter Complex, Accessories Complex, and Design Complex, which together include 20 production divisions and 11 Research and Design centres (“R&D Centres”) located across India.