The one and only Lord of Mutton Chops.
HAL has produced, upgraded and overhauled thousands of aircraft.
HAL's been a pretty useless and horrid company. The world is better off.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.
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.