Friday, May 13, 2022

MIDHANI records highest-ever sales of Rs 861.73 crore in FY 2021-22

Must read

New Delhi: Mishra Dhatu Nigam Limited (MIDHANI) has recorded the highest ever sales of Rs 861.73 crore (provisional and unaudited) for FY 2021-22 compared to Rs 813.23 crore for FY 2020-21. The highest ever exports of Rs 87.02 crore (provisional and unaudited) was recorded for FY 2021-22 compared to Rs 19.42 crore for FY 2020-21. Even with disruption in production activities due to the second wave of the COVID-19 pandemic, MIDHANI was able to mitigate the impact on production with better planning and execution.

For the FY 2021-22, continued focus on revenue enhancement and cost reduction has yielded results that have also contributed to the four-fold increase in Exports. During the year, MIDHANI continued its focus on cost optimisation measures including indigenisation of various components, increasing outsourcing efforts and rationalisation of manpower. MIDHANI was also bestowed with awards and accolades during the year from leading industry bodies and agencies.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

- Advertisement -

More articles

- Advertisement -

Latest News