Comments
Midhani, the speciality materials maker for the strategic sectors has logged a turnover of ₹ 800 crore for the financial year 2016-17, a growth of 5 per cent over the previous fiscal’s ₹760 crore.
The Hyderabad-based, defence public sector unit has reported a profit before tax of ₹ 175 against ₹ 150 crore last year.
The sales turnover is the highest in the company’s history and also includes the best-ever value added per employee highest amongst all defence PSUs, said Dinesh Kumar Likhi, Chairman & Managing Director.
In a press release he said the company will venture into near areas such as al alloys, tungsten powder, springs and solar power area in the near future. Midhani caters to the indigenous materials needs of the defence, space, aeronautics, atomic energy and general engineering.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.