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Cash-strapped HAL borrows ₹1,000 crore to pay employees: Report
short by Gaurav Shroff / on Saturday, 5 January, 2019
Hindustan Aeronautics Limited (HAL) has been forced to borrow around ₹1,000 crore to pay salaries to its employees, as per a report. "We've always been cash-rich, this is the first time...in two-three decades we've borrowed," the report quoted Chairman R Madhavan. Last October, HAL reportedly had just ₹1,000 crore, enough to pay its 29,000 employees for just three months.
read more at The Quint