As of December 31, total dues of HAL are Rs 15,700 crore. The IAF has paid only Rs 2,000 crore since September 2017.Madhavan said dues would touch Rs 20,000 crore by March 31. The Ministry of Defence (MoD) had approved a budget of Rs 13,700 crore for 2017-18, and revised budget for 2018-19 was Rs 33,715 crore, including the pending amount from 2017-18. “Of this, an allotment of Rs 20,287 crore came and balance in receivables was Rs 16,420 crore. Of the Rs 8,996 crore paid as dividend, Rs 4,366 was collected by the Centre in 10 years between 2003-04 and 2012-13.

Source: Economic Times January 09, 2019 06:33 UTC