IMPCL registers 3-fold hike in its profits to ₹45.41-Cr in 2021-22

IMPCL registers profit

New Delhi: Indian Medicines Pharmaceutical Corporation Limited (IMPCL), a central public sector enterprise (CPSE), under the ministry of Ayush, government of India, has announced to pay a dividend of ₹10.13 crores to its stakeholders – ministry of Ayush and government of Uttarakhand. The dividend cheque of ₹9.93 Crores for ministry of Ayush was handed over to Union minister of Ayush Sarbananda Sonowal in a ceremony held at Transport Bhawan, today.

On this occasion, Sonowal said, “IMPCL has registered an impressive increase in its profits in comparison to the last financial year 2020-21, which is commendable achievement. Under visionary leadership of PM Narendra Modi, Ayush sector is witnessing all round growth not only in India but globally.”

The dividend cheque handover ceremony was attended by minister of state for Ayush Majapara Mahendrabhai, special secretary, ministry of Ayush, Pramod Kumar Pathak, director, yoga and naturopathy cell, Vikram Singh, Mukesh Kumar, managing director, IMPCL Ltd. and other officials of IMPCL.

Managing director of IMPCL Mukesh Kumar, “In the operational front the company has achieved an enhancement of 47% in capacity utilization over its previous year. An all-around enhancement in performance in terms of turnover, profit and capacity utilization over previous years has brought focus on the future prospects of the company.”

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IMPCL has been conferred Mini Ratna category II status by the government of India and also got ISO 9001:2015 certification. The company is presently manufacturing 656 classical avurvedic, 332 Unani and 71 proprietary Avurvedic medicines for the various diseases spectrum. It supplies Ayurveda and Unani medicines to all the states under National Ayush Mission (NAM) and 6000 centres of Jan Aushadhi Kendras.

Last year, IMPCL had announced to pay a dividend of Rs 1.65 crores to its stakeholders.

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