MMTC Ltd 2021 AR2
The report highlights MMTC Limited's performance for the fiscal year 2020-21, during which the company recorded a turnover of Rs. 26,364.50 crores but suffered a net loss of Rs. 769.69 crores, primarily due to a litigation provision of Rs. 877.43 crores. The company implemented a loan resolution plan with lender banks to address liquidity stress and is progressing with the disinvestment of its joint venture, Neelachal Ispat Nigam Limited (NINL). On the sustainability front, MMTC continued its CSR initiatives by contributing to the PM-CARES Fund and constructing a waiting hall at a district hospital. Additionally, the company maintained its commitment to clean energy through its 15 MW wind power project and rooftop solar installations.
Company: MMTC Ltd
Sector: Wholesale & retail
Country: India
Year: 2021
Type: AR2
Pages: 284
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MMTC Ltd
Annual Report
The report highlights MMTC Limited's performance for the fiscal year 2020-21, during which the company recorded a turnover of Rs. 26,364.50 crores but suffered a net loss of Rs. 769.69 crores, primarily due to a litigation provision of Rs. 877.43 crores. The company implemented a loan resolution plan with lender banks to address liquidity stress and is progressing with the disinvestment of its joint venture, Neelachal Ispat Nigam Limited (NINL). On the sustainability front, MMTC continued its CSR initiatives by contributing to the PM-CARES Fund and constructing a waiting hall at a district hospital. Additionally, the company maintained its commitment to clean energy through its 15 MW wind power project and rooftop solar installations.
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Document Details
Report Year
2021
Reporting Period
Apr 1, 2020 - Mar 31, 2021
Fiscal Year
2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees