HIL on a path to achieve its revenue target of ₹451 crore: CMD SP Mohanty

State-run public sector undertaking Hindustan Insecticides Limited (HIL) is on the path to achieving its revenue target of ₹451 crore in the current financial year 2020-21, said a senior executive.

While signing a memorandum of understanding (MoU) with the Department of Chemicals & Petrochemicals, HIL chairman and managing director SP Mohanty said: “The target of ₹451 crore for HIL (India) Limited for the current financial year is quite attainable and can be easily achieved.”

He said that in the first two quarters, HIL has recorded a growth of 65 per cent. The company has manufactured 530.10 MT of Malathion Technical in the first two quarters as compared to 375.5 MT in the corresponding period last year (CPLY), which is the highest ever production since its inception.

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HIL said it has also registered the highest ever sale 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 the vector control.