Page 51 - August-2020-Issue

ITI Limited Declares Profit After

Tax of ₹ 150.86 Cr. for FY 2019-20

Company’s Total Revenue Rises by 11.86 % to ` 2242.58 Cr.

TI Limited, has posted a Profit COVID-19 announced in the last the company has recently signed
After Tax of `150.86 cr. and week of fourth quarter of FY2019- a transfer of technology (ToT)
Igross turnover of `2403.45 20. It is a phenomenal jump in agreement with Defence Research
cr. for the financial year end- the performance of the company & Development Organization
ed March 31, 2020. ITI made a which is improving year on year. (DRDO) to manufacture portable
63.02% rise in the net profit as per 'We have taken number of ini- ventilators at its manufacturing
the approved audited financial tiatives on improving business plants. The company has already
results for the year 2019-20, com- prospects by transformed strat- started manufacturing of Face
pared to a profit of `92.54 cr. egy for manufacturing, market- Shield at its Bengaluru based
for the previous period ended ing and management of projects. manufacturing unit.
March 31, 2019. We are also positioning the com-
Highlighting the company’s pany in the upcoming areas of 4G The 3D designed unique and safe
achievement for the year 2019- upgradable to 5G manufactur- face shield provides complete
20, Mr. R. M. Agarwal, CMD, ITI ing, manufacturing of IoT based protection to facial area includ-
Limited said, 'It’s a collective ef- products and services, IT & tele- ing eyes, nose and mouth from
fort of our employees who have com equipment manufacturing.' sprays and droplets. The com-
not only changed the momentum Mr. Agarwal added. pany is now producing 5,00,000
of ITI’s overall business but they To strengthen the objective of face shields per month which
have also succeeded in posting a Government of India’s Atma may be enhanced to 15,00,000
remarkable achievement despite Nirbhar Bharat Abhiyan and to face shields per month in the
nationwide lockdown due to prevent the spread of coronavirus, coming months.

Nigahi Project of NCL scripts history with

Record overburden Removal in a day

igahi project of Northern rock part above coal seam(layer) 370 Million Cubic Meter of OB re-
Coalfields Ltd. (NCL) which is to be removed for ex- moval in current fiscal.
Nscripts history with the cavation of coal. Mammoth ma-
removal of more than 3 Lakh chines are deployed in mines for
Cubic Meter of overburden (OB) the above mega task. Nigahi the
in a single day. It is the highest biggest project of NCL broke its
OB removal by any project of own record of 2.83 Lakh Cubic
NCL since the inception of the Meter OB removal a day set in
company amidst COVID-19 pan- October 2017. NCL is handling
demic and lockdown. subsidiary of Coal India Limited
NCL produces coal through its and has been entrusted with the
10 opencast coal mines where responsibility of 113.25 Million
the overburden is the soil and Tonnes of Coal production and

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