HIL has signed a Memorandum of Understanding (MoU) with the Department of Chemicals & Petrochemicals to achieve revenue target of Rs 451 crore in the current financial year (2020-21).
The company manufactured 530.10 tonnes of Malathion Technical in the first two quarters of this fiscal as compared to 375.5 tonnes in the corresponding period last year. In addition, the company also registered the highest ever sales for the product in the first two quarters and supplied the entire quantity to various institutions like the Ministry of Agriculture's Locust Control Programme and municipal corporations across the country for vector control.
HIL is a leading player in asbestos cement sheet (ACS) for roofing, from which it derives 70 per cent of its revenue at present.
