Mishra Dhatu Nigam records highest ever sales of Rs861.73 crore for FY22; Stock gains 1%

Mishra Dhatu Nigam Limited (MIDHANI) has recorded highest ever sales of Rs861.73 crore (provisional and unaudited) for FY 2021-22 compared to Rs813.23 crore for FY 2020-21.

Highest ever Exports of Rs87.02 crore (provisional and unaudited) was recorded for FY 2021-22 compared to Rs19.42 crore for FY 2020-21. Even with disruption in production activities due to the second wave of 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 which 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.

At around 2:39 PM, Mishra Dhatu Nigam was trading at Rs173.65 apiece up by Rs1.8 or 1.05% on the BSE.