ALSO READHAL signs MoU with Government; aims at Rs 17,900 cr revenue Def PSU MDL targets Rs 4,500 crore revenue in 2017-18 Over 51 pc jump in govt's revenue expenditure in Apr: Icra Defence Budget sees marginal overall increase, gets overshadowed by manpower cost Reliance Defence bags Rs 916 cr contract from Defence Ministry
Mishra Dhatu Nigam Limited (MIDHANI), a miniratna, Schedule 'B' Defence Public Sector Undertaking under the Department of Defence Production, Ministry of Defence signed Memorandum of Understanding (MoU) for the financial year 2017-18 with the Ministry. The annual MoU was signed by Secretary (Defence Production) Shri Ashok Kumar Gupta on behalf of the Ministry and Chairman and Managing Director, MIDHANI Dr. D K Likhi.
The MoU outlines targets and various performance parameters for the company. The revenue from operations as per the MoU has been targeted at ? 780 crore which is significant improvement over the previous years.
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