New Delhi: Hyderabad-based Minirata Defence PSU said on Thursday that it has recorded the highest-ever sales of Rs 810 crore (provisional and unaudited) compared to Rs 712.88 crore for FY 2019-20. The company also recorded the highest-ever exports of Rs 19.50 crore (provisional and unaudited) in FY 2020-21 compared to Rs 10.42 crore for FY 2019-20.
Even with disruption in production activities for about 45 days during the first quarter of FY 2020-21, due to the COVID-19 pandemic, MIDHANI was able to mitigate the impact on production with better planning and execution.
For the FY 2020-21, continued focus on revenue enhancement and cost reduction has yielded results and leading industry bodies and agencies have bestowed MIDHANI with several awards and accolades, an official statement said. During the year, MIDHANI continued its focus on cost optimisation measures, including indigenisation of various components, increasing outsourcing efforts and rationalisation of manpower.
Mishra Dhatu Nigam Limited (MIDHANI)
Mishra Dhatu Nigam Limited (MIDHANI) is specialized metals and metal alloys manufacturing facility in India, located in Hyderabad, Telangana. It is a Public Sector Undertaking (PSU), under the administrative control of the Department of Defence Production, Ministry of Defence, Government of India. MIDHANI is the only producer of Titanium in India. MIDHANI specializes in manufacturing a wide range of superalloys, titanium, special purpose steels and other special metals and alloys meeting stringent international standards for application in aerospace, defence, atomic energy, power generation, chemical and various other high technology industries.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram & Twitter as well. Join PSU Watch Channel in your Telegram and follow us on Twitter to stay updated)