11/14/2006

Hindustan Latex Limited

This Year Hindustan Latex declared a Mini Ratna

Hindustan Latex Ltd.(HLL) is a Government of India Enterprise under the Ministry of Health and Family Welfare, has been declared as a Mini Ratna (Category-1 PSE) by the Government of India.

This declaration was on the basis of the evaluation of our company’s performance over the past three years, in the area of profitability and its positive net worth of over 90 crores.

HLL neither depended on Budgetary support nor availed any guarantees from the Government of India.

The companies with Mini Ratna status are empowered to invest upto Rs. 250 Crores in various Projects, without Government approval. They are also allowed to exercise enhanced financial and operational powers.

Hindustan Latex was also recently raised to the Schedule ‘B’ Category by the Government of India.

Over the past three years HLL has recorded the highest ever profits, and performance levels.