The firm's consolidated annual net profits for 2023-24 surged to 13,488.2 crore, marking a 63.2 per cent Y-o-Y increase.
Consequently, MSIL announced its decision to issue a dividend of ₹125 per share for 2023-24, an increase from the ₹90 per share dividend issued for 2022-23.
MSIL Chairman R C Bhargava told reporters the construction of Kharkhoda plant was progressing smoothly, with its first line slated to commence production before March 2025.
"We will add a production line at the Kharkhoda plant every 12 months," he added.
Bhargava further stated the company was yet to finalise the location of its new plant in Gujarat due to the model code of conduct (MCC) being in force following the announcement of the Lok Sabha elections in the country.
Currently, MSIL boasts an annual production capacity of 2.35 million units, with plans to ramp it up to 4 million units by 2030-31.
Bhargava said a rebound in the small-car market was not going to happen this or next calendar year.
هذه القصة مأخوذة من طبعة April 27, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة April 27, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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