Hindustan Aeronautics (HAL) has raised Rs 2000 crore through Commercial Papers (CPs), in terms of the guidelines issued by Reserve Bank of India. The allotment date is June 17, 2020, while maturity date will be September 15, 2020.
The above CP is a part of fund based limit of Rs 10,000 crore as approved by the Board in its meeting held on January 21, 2020.
HAL is Bengaluru based Defence Public Sector Undertakings (DPSU) Company 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.
