Why HAL’s Cash Crunch Worsened
An Indian Air Force (IAF) Tejas fighter jet, developed by Hindustan Aeronautics Ltd., sits on the tarmac at the Kalaikunda Air Force Station, West Bengal. (Photographer: Anindito Mukherjee/Bloomberg)  

Why HAL’s Cash Crunch Worsened

Hindustan Aeronautics Ltd. is battling a crippling financial crunch. That’s because pending payments from the government, it’s largest client, ballooned even as the dividend payout to the governmen...
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