With Rs 10k-cr unpaid dues, armed forces add to HAL woes

A company mainly dependent on the armed forces for its business—its export business and work it does for Isro are negligible—HAL’s customers owe the firm at least Rs 10,000 crore as of September 30, sources said. At the end of March 31, 2018, as per HAL’s annual report, the outstanding dues from the armed forces stood at Rs 7,900 crore, and the number remained around the same for the quarter ending June 30.

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