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EQUITY - MARKET SCREENER

Binani Industries Ltd
Industry :  Miscellaneous
BSE Code
ISIN Demat
Book Value()
500059
INE071A01013
-60.8023851
NSE Symbol
P/E(TTM)
Mar.Cap( Cr.)
BINANIIND
0
46.48
EPS(TTM)
Face Value()
Div & Yield %
0
10
0
 

MMTC spurts as 85 officials opt for VRS
May 04,2023
The PSU recently introduced a Voluntary Retirement Scheme (VRS) for its officials. Around 85 officials have opted for the scheme which involves an ex-gratia of approximately Rs 38 crore.

The primary objective of this VRS is to curtail the manpower strength in the company due to non-business activities.

MMTC is an international trading company in India and has been in existence for close to six decades. The Government of India held 89.93% in the company as on March 2023.

On a consolidated basis, MMTC reported net profit of Rs 97.55 crore in Q3 December 2022 as against net loss of Rs 73.90 crore in Q3 December 2021. Net sales declined 67.11% YoY to Rs 763.16 crore in Q3 December 2022.