The Hindustan Aeronautics Limited (HAL), a Central Public Sector Enterprises (CPSE), under the Ministry of Defence, has been granted a ‘Maharatna status’. This status will give more autonomy to the company in terms of financial and strategic matters. Notably, the HAL recorded an annual turnover of ₹28162 crore and a net profit of ₹7595 crore for FY 2023-24. Shares of HAL closed at ₹4446.85 with a loss of 0.76 per cent over previous closing price. The Ministry of Finance has approved the upgradation of Hindustan Aeronautics Limited (HAL) to 14th Maharatna CPSE. Presently, Dr D K Sunil is leading the company as Chairman-cum-Managing Director.