MMTC Ltd 2022 AR2
The report highlights MMTC Limited's performance for the fiscal year 2021-22, during which the company recorded a turnover of Rs. 7,840.78 crores and a net loss of Rs. 241.93 crores. This decline in business was primarily due to the stoppage of activities following the government's new Public Sector Enterprise Policy for non-strategic sectors. A key milestone was the strategic disinvestment of its joint venture, Neelachal Ispat Nigam Limited (NINL), which was completed with Tata Steel Long Products, resulting in MMTC recovering Rs. 5,335 crores. Additionally, the company continued its commitment to corporate social responsibility by executing ongoing projects from previous years, focusing on education and skill development for underprivileged communities.
Company: MMTC Ltd
Sector: Wholesale & retail
Country: India
Year: 2022
Type: AR2
Pages: 240
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MMTC Ltd
Annual Report
The report highlights MMTC Limited's performance for the fiscal year 2021-22, during which the company recorded a turnover of Rs. 7,840.78 crores and a net loss of Rs. 241.93 crores. This decline in business was primarily due to the stoppage of activities following the government's new Public Sector Enterprise Policy for non-strategic sectors. A key milestone was the strategic disinvestment of its joint venture, Neelachal Ispat Nigam Limited (NINL), which was completed with Tata Steel Long Products, resulting in MMTC recovering Rs. 5,335 crores. Additionally, the company continued its commitment to corporate social responsibility by executing ongoing projects from previous years, focusing on education and skill development for underprivileged communities.
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Document Details
Report Year
2022
Reporting Period
Apr 1, 2021 - Mar 31, 2022
Fiscal Year
2022
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