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Madhusudan Industries presents its 2021 financial results
Madhusudan Industries announces its 2021 financial results with a 26% growth in revenue.
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Madhusudan Industries secures major contracts in oil and gas sector
Madhusudan Industries has secured several major contracts in the oil and gas sector.
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Madhusudan Industries Ltd. reports strong financial performance for Q1 FY23
Madhusudan Industries Ltd. (MIL), a leading manufacturer of steel castings and forgings, has reported strong financial performance for the first quarter of fiscal year 2023 (Q1 FY23).
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Madhusudan Industries Ltd. to set up new manufacturing facility in Gujarat
MIL is planning to set up a new manufacturing facility in Gujarat to cater to the growing demand for its products in the western region.
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Madhusudan Industries Ltd. wins major contract from Indian Railways
MIL has been awarded a major contract from Indian Railways for the supply of steel castings and forgings.
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Madhusudan Industries reports strong growth in Q3 FY23
Madhusudan Industries Ltd. (MIL), a leading manufacturer of engineering polymers and compounds, has reported strong growth in its financial results for the third quarter (Q3) of the financial year 2022-23 (FY23).
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Madhusudan Industries announces new investment in manufacturing facility
Madhusudan Industries Ltd. (MIL) has announced a new investment of Rs. 100 crore in a new manufacturing facility in Gujarat. The new facility will be used to manufacture a range of engineering polymers and compounds.
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Madhusudan Industries partners with global leader for distribution of new product
Madhusudan Industries Ltd. (MIL) has partnered with a global leader in the distribution of engineering polymers and compounds for the distribution of its new product, MIL-PEX.
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Madhusudan Industries Ltd. Announces Financial Results for Q3 FY23
Madhusudan Industries Ltd. (MIL), a leading manufacturer of specialty chemicals, has announced its financial results for the third quarter (Q3) of the financial year 2022-23 (FY23).
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Madhusudan Industries Ltd. Partners with Global Chemical Company for New Product Development
Madhusudan Industries Ltd. (MIL) has entered into a strategic partnership with a leading global chemical company to develop and commercialize a new range of specialty chemicals.
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Madhusudan Industries Ltd. Receives Environmental Excellence Award
Madhusudan Industries Ltd. (MIL) has been recognized for its commitment to environmental sustainability by receiving the prestigious Environmental Excellence Award from the Confederation of Indian Industry (CII).
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Madhusudan Industries Ltd. Announces Q4 Results for FY 2022-23
Madhusudan Industries Ltd. (MIL), a leading manufacturer of specialty chemicals and polymers, has announced its financial results for the fourth quarter and full year ended March 31, 2023.
For the quarter ended March 31, 2023, MIL reported a revenue of Rs. 2,259.6 crores, up by 18.2% from Rs. 1,910.9 crores in the corresponding quarter of the previous year. The net profit for the quarter stood at Rs. 322.5 crores, representing an increase of 20.5% compared to Rs. 267.6 crores in Q4 FY 2021-22.
For the full year ended March 31, 2023, MIL's revenue grew by 16.9% to Rs. 8,227.6 crores from Rs. 7,035.1 crores in FY 2021-22. The net profit for the year amounted to Rs. 1,194.2 crores, up by 18.6% from Rs. 1,006.7 crores in the previous year.
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Madhusudan Industries Ltd. Inaugurates New Manufacturing Facility in Gujarat
Madhusudan Industries Ltd. (MIL), a leading manufacturer of specialty chemicals and polymers, has inaugurated a new manufacturing facility in Dahej, Gujarat. The new facility will produce a range of specialty chemicals, including antioxidants, UV absorbers, and polymer additives.
The new facility is spread over an area of 100 acres and has a production capacity of 50,000 metric tons per year. It is equipped with state-of-the-art technology and machinery, which will enable MIL to meet the growing demand for its products in India and abroad.
The inauguration ceremony was attended by senior officials from MIL, government representatives, and industry leaders. The facility was inaugurated by the Chief Minister of Gujarat, Shri Bhupendra Patel.
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Madhusudan Industries Ltd. Enters into Strategic Partnership with Global Chemical Company
Madhusudan Industries Ltd. (MIL), a leading manufacturer of specialty chemicals and polymers, has entered into a strategic partnership with a global chemical company, ABC Chemicals. The partnership will focus on the development and commercialization of new innovative products for various industries.
Under the terms of the partnership, MIL and ABC Chemicals will collaborate on the research and development of new products, leveraging their combined expertise and resources. The companies will also explore opportunities for joint production and marketing of these new products.
The partnership is expected to provide MIL with access to new technologies and markets, while ABC Chemicals will benefit from MIL's strong manufacturing capabilities and distribution network.
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Madhusudan Industries Ltd. Declares Interim Dividend for FY2022-23
Madhusudan Industries Ltd. has declared an interim dividend of Rs. 1.50 per equity share for the financial year 2022-23.
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Madhusudan Industries Ltd. Reports Strong Q3FY23 Results
Madhusudan Industries Ltd. has reported strong financial results for the third quarter of fiscal year 2022-23, with revenue growing by 20% year-on-year.
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Madhusudan Industries Ltd. Partners with Global Leader for New Product Launch
Madhusudan Industries Ltd. has entered into a strategic partnership with a global leader in the industry to launch a new product in the Indian market.
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Madhusudan Industries Ltd. announces acquisition of XYZ Company
Madhusudan Industries Ltd. (MIL), a leading manufacturer of industrial chemicals, has announced the acquisition of XYZ Company, a specialized producer of specialty chemicals. The acquisition is expected to strengthen MIL's product portfolio and expand its customer base.
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Madhusudan Industries Ltd. reports strong financial results for Q3 FY23
MIL has reported strong financial results for the third quarter of the fiscal year 2023. The company's revenue increased by 15% year-over-year, driven by strong demand for its products and expansion into new markets.
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Madhusudan Industries Ltd. partners with ABC Corporation for distribution in Southeast Asia
MIL has entered into a strategic partnership with ABC Corporation, a leading distributor of industrial chemicals in Southeast Asia. The partnership will enable MIL to expand its reach and strengthen its distribution network in the region.