Hyderabad: Mishra Dhatu Nigam Limited (Midhani) has achieved an all time higher sales turnover of Rs.570 crore against the targeted Rs.540 crore during the financial year 2012-13.

Midhani Chairman and Managing Director M. Narayana Rao who announced the provisional results said the company could achieve a four-fold increase in its sales ever since its turn around started in 2003-04. The overall performance would enable it to achieve excellent MoU rating again and pay the dividend to the Centre for the 10{+t}{+h}consecutive year.

Midhani, according to an official release, was set up for achieving self reliance in manufacture of critical materials had a hi-tech metallurgical facility.

It has a sales turnover of Rs.570 crore against the targeted Rs.540 crore during the financial year 2012-13