MMTC Ltd 2023 AR2
The report details MMTC Limited's performance for the fiscal year 2022-23, during which the company recorded a turnover of Rs. 271.77 crore and a net profit of Rs. 1,076.07 crore. This profit was primarily driven by the successful disinvestment of its joint venture, Neelachal Ispat Nigam Limited (NINL), which yielded Rs. 1,872.35 crore. Due to directives from the administrative ministry, the company discontinued its main business operations and is preparing a roadmap for scaling down. Additionally, MMTC successfully implemented its voluntary retirement scheme (VRS) for 95 employees and maintained cordial industrial relations throughout the year.
Company: MMTC Ltd
Sector: Wholesale & retail
Country: India
Year: 2023
Type: AR2
Pages: 272
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MMTC Ltd
Annual Report
The report details MMTC Limited's performance for the fiscal year 2022-23, during which the company recorded a turnover of Rs. 271.77 crore and a net profit of Rs. 1,076.07 crore. This profit was primarily driven by the successful disinvestment of its joint venture, Neelachal Ispat Nigam Limited (NINL), which yielded Rs. 1,872.35 crore. Due to directives from the administrative ministry, the company discontinued its main business operations and is preparing a roadmap for scaling down. Additionally, MMTC successfully implemented its voluntary retirement scheme (VRS) for 95 employees and maintained cordial industrial relations throughout the year.
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Document Details
Report Year
2023
Reporting Period
Apr 1, 2022 - Mar 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Energy Consumption
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Employees