Question
The Hindustan Aeronautics Limited (HAL) recently signed
a contract worth over with Honeywell for supply and manufacture of 88 TPE331-12B engines/kits along with maintenance?Solution
Hindustan Aeronautics Ltd (HAL) has signed a $100 million contract with US engine-maker Honeywell, for 88 engines to power the indigenous Hindustan Turbo Trainer – 40 (HTT-40) on which Army, Navy and Indian Air Force (IAF) pilots will first learn to fly. HAL has successfully developed Basic Trainer Aircraft (HTT-40) to address the basic training requirements of the IAF. About HAL Headquarters: Bangalore Chairman & Managing Director: R.Madhavan
The Bank overdraft repayable on demand will be reported in the cash flow statement as _____
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