KMML net profitat ₹112 crore - The Hindu : vimarsana.

KMML net profitat ₹112 crore - The Hindu


KMML net profitat ₹112 crore
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All three units of PSU perform well
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All three units of PSU perform well
Despite the COVID-19 triggered crisis, Kerala Minerals and Metals Ltd (KMML) has registered a turnover of ₹783 crore and a net profit of ₹112 crore in 2020-21 fiscal. “KMML is the top profit-making enterprise among State PSUs in the last five years, registering a profit of ₹530 crore during the period,” said chairman K. Elangovan.
While all the three units of KMML performed exceptionally, the Titanium Sponge Unit registered a record production volume of 260 tonnes and profit of ₹50 lakh.
According to managing director J.Chandrabose, mineral separation unit also did well by recording a profit of ₹3.44 crore. While the renovation and diversification projects enabled the company to achieve the feat, the dip in production and export to countries like China turned out to be an added advantage.

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