Key Points
Among the top wire rope producers worldwide is Usha Martin..
The dividend recommended by the Board of the Company is subject to approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Company and will be paid as per applicable guidelines," said Usha Martin in a stock exchange filing..
Commenting on the performance, Mr. Tapas Gangopadhyay, Director said We have ended the year on a strong note, delivering healthy revenue and operating EBITDA growth of 22% and 34%, respectively, during FY23..
The Company not only made substantial progress in growing its international presence but also made significant strides in other strategic initiatives, including increasing its value-added offerings, expanding its global distribution network, diversifying its product portfolio and modernizing its facilities.".
We are also pleased to report that the Company has made notable progress in the modernization and expansion programme of its production facilities at Ranchi, with a specific focus on value-added products such as mining ropes, non-rotating ropes, compacted ropes and plasticated ropes," said Tapas Gangopadhyay..
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