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And there was much rejoicing. The indian company HAL is on the verge of bankr

Lord Kragan

The one and only Lord of Mutton Chops.
Author
The company, which has a lot of dues pending from its largest client, Indian Air Force (IAF), has been forced to borrow from the banks to pay to its employees, along with exhausting its cash reserves. The cash reserve of the company has declined by a whopping 98.3% to Rs 112 crore in just one year, while its short term borrowings have gone up by 5.98 times in the year ended March 2019 to over Rs 4,000 crore.
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And all this is happening when the company’s revenues showed a healthy growth of 4.6% and profits grew by 14.8%. If there is any inference to be taken from this data, it is the fact that the company is doing operationally well, but is being muzzled somewhere.
HAL's been a pretty useless and horrid company. The world is better off.
 

Alias

Bean Daddy
Moderator
India will likely just nationalize HAL. It's not going to allow it to go under with the growing amount of worsening economic data as of late.
 
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Lord Kragan

The one and only Lord of Mutton Chops.
Author
India will likely just nationalize HAL. It's not going to allow it to go under with the growing amount of worsening economic data as of late.

Do they have that much goodwill on the company's importance?
 

Alias

Bean Daddy
Moderator
Do they have that much goodwill on the company's importance?
I wouldn't say goodwill but rather alot of corruption meaning quite a few people have an interest in HAL not going under and certain politicians wanting to limit job losses among their constituencies that will start to hit India before the year is over.
 

Mark Poe

The majestic cock
Author
So ends the epic of another legend, can we get some Fs in the comments?
 

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