Mishra Dhatu Nigam Share Price

Mishra Dhatu Nigam Limited (MIDHANI), incorporated on 20 November 1973 and commissioned for production in 1982, is a Navratna Central Public Sector Enterprise (CPSE) under the administrative control of the Ministry of Defence, Government of India. Headquartered at Kanchanbagh, Hyderabad, Telangana, Company was established with a singular national mandate to achieve selfreliance in the research, development, and production of superalloys, titanium alloys, special steels, and other advanced metallic materials critical for Indias strategic sectors. Over five decades of continuous operations, MIDHANI has emerged as the only manufacturer of titanium alloys and maraging steels in India, and the largest domestic producer of nickelbased superalloys. With a portfolio spanning more than 500 alloy grades including approximately 100 aeronautical grades required for aeroengine applications MIDHANI serves as the metallurgical backbone of Indias most critical defence, space, and atomic energy programmes.The production unit of MIDHANI, located at Kanchanbagh, in Hyderabad, was commissioned in the year 1982. It was established to achieve selfreliance in production and supply of various super alloys, special steels, materials to Strategic Sectors of the country. The company started commercial production in 19831984.During the year 19871988, the company entered into the field of fabrication of special armour panels. During the year 20002001, the company developed bio implants from Titanium alloys. The status of the Company was again changed from deemed public company to a private limited company after notification of the Companies (Amendment) Act, 2000 on 27 February 2001 and the word private was not inserted in the certificate of incorporation. During the year 20012002, the company developed Niobium alloy required for critical space applications. In 20022003, the company commenced supply of indigenized special fasteners.In 20152006, the company developed large forgings of Chromium Molybdenum steel in the form of weld neck flanges, blind flanges etc. During the year 20062007, the company developed gun barrel forgings. In 20082009, the company achieved Mini Ratna category1 status from the Ministry of Defence. In 20092010, the company commenced commercial production of 6.5 metric tonnes vacuum induction melting furnace. In 20102011, the company commissioned critical equipment like 10 tonnes vacuum arc remelting furnace.In 2011 2012, the company implemented the eProcurement portal for publishing and processing tenders online. In 20142015, the company commissioned 6000 tonnes forge press and electron beam melting furnace. In 20152016, the company commissioned inhouse designed 20 tonnes electro slag refining furnace and 10 tonnes vacuum arc remelting furnace. In 20162017, the company commissioned 20 tonnes electric arc furnace.The Company launched the IPO of 48,708,400 Equity Shares of Rs 10 each and raised funds through offer for sale aggregating to Rs 432.89 crore on March 23, 2018. MIDHANI and National Aluminium Co. Ltd. (NALCO) set up a Joint Venture Company, Utkarsha Aluminum Dhatu Nigam Limited. This JVC was incorporated on 21st August, 2019, for establishing a manufacturing plant at Nellore, Andhra Pradesh for manufacturing of high end Aluminium Alloy products and to meet the market demand in sectors such as Defence, Space and National Aluminium Co. Ltd. During COVID19 crisis, MIDHANI developed and supplied 1.5 kg. of 0.16 mm Nickel Wire with purity 100%, which was critically required for the manufacture of Oxygen sensor pertaining to the Critical Core Ventilator being produced by Bharat Electronics Limited (BEL) for COVID19 patients. The material was developed and supplied for the first time within 96 hours during the lockdown period which had helped to establish an indigenous source of critical raw material which otherwise had to be imported. In FY 21, the Company developed spider casting, fulfilling stringent Aerospace requirements for Semi CryoEngine of Satellite Launch Vehicle.Its indigenously manufactured impellers, made of Nickel based Super Alloy were delivered to customers. It supplied first consignment of Superfer 800 (Alloy 800) Steam Generator Tubes for 700 MWe Pressurized HeavyWater Reactor (PHWR) for application in Energy Sector on February 15, 2021. Under Atma Nirbhar Bharat initiative, indigenously manufactured impellers made of Nickel Super Alloy Superni 600 was delivered for application in Energy sector on March 16, 2021. It developed and supplied Rolled Homogenous Armor (RHA) Steel for Missile Penetration Test. RHA steel, which was being imported was indigenously developed under Atmanirbhar Bharat Programme. The Company dispatched first consignment of high temperature alloy on March 20, 2021 with 75% indigenous content for the countrys indigenous Kaveri Dry Engine Program powering the Unmanned Combat Aerial Vehicle (UCAV). The consignment contained Nickel base Superalloy and Titanium alloy forged bars thoroughly qualified in airworthy certification requirements used for various Class I and Class II components of the engine.During the year 2021, the Company manufactured large size forged slab made of Titanium alloy for Gaganyaan Mission and Titanium tubes through forge route. It developed Superfer 52, a high strength precision alloy for spring application, Cobalt free high strength steel for export order. It developed and supplied wide slab made of Titanium alloy for Advanced Medium Combat Aircraft (AMCA) project. It developed fine grained bar feed stock made of Super alloy for Aero engine disc Application, Blade blank for Adour Engine, Pack Rolling of Titanium Sheet, Process optimization of special alloys using AI and was certified for development of Aero grade Bearing Steel. The Company dispatched first consignment of Ultra High Strength Steel and Cobalt alloy with stringent quality requirements for Prestigious Human Space Flight Program of ISRO Gaganyaan.During the year 2021, the Company developed Titanium Alloy Casting (74 kg) for Strategic Application. It delivered sets of Isothermally Forged Titanium Alloy High Pressure Compressor Disc using complete indigenous technology under Industry Research Partnership for aerospace application in FY21. It developed and supplied to National Aluminium Co. Ltd (NALCO) Caster Roll Shells which are shrink fitted on the core and used for casting of Aluminium Strip with nominal thickness of 7 mm.During FY 202021, MIDHANI was awarded ISO 14000:2015 (EMS) Certification for Environmental management and ISO 45001:2018 (OHSMS) Certification for Occupational Health and Safety Assessment. It has been certified with ISO 14001:2015 (Environmental Management System).In 202122, MIDHANI developed PT 1M Seamless Pipes for applications in sea and fresh water developed Top Hatch, primary viewport, and secondary viewports for deep sea Spherical Pressure Hull (SPH) components Zircalloy Tubes were forged and supplied for its use in Energy applications Borated Zirconium Strip of 1mm x 10mm X 1000mm for use in Energy application developed and manufactured, Fluid End Component MDN 1651, Super Martensitic Stainless Steel for its application in Oil and Gas Sector MIDHANI in collaboration with DMRL, developed 5 types of bearing steels. The Light Combat Aircraft Tejas LSP4 completed one hour flight accommodated with indigenous aircraft bearings for the critical gear box on February 8, 2022.During the year 202122, MIDHANI commissioned a Wide Plate Rolling facility for manufacturing and supply of Helical Compression Springs for Railway Wagons, Coaches, Locomotives, a Spring Manufacture unit was set up and commissioned Replacement of old reheating furnace of capacity 30T for heating of billets was setup in Forge shop and the furnace was commissioned a 20T capacity Fixed Hearth Furnace for reheating of smaller ingots was commissioned revamping of Bogie drive of the furnace was completed Tempering furnace for Wide Plate Mill (WPM) was commissioned. A new 8T Capacity Vacuum Induction Melting Furnace (VIM) was set up and made operational 300 Kg Vacuum Arc Skull Melting Furnace was installed an armour unit of MIDHANI was set up at Rohtak, Haryana Major construction activities of PhaseI Phase was completed Equipment like Fiber cutting machine, Water jet cutting machine, Hydraulic ballistic press, CNT spray machine, etc were commissioned.In 202223, MIDHANI achieved a significant milestone by manufacturing Titan 31 plate for the qualification of the Wide Plate Mill, specifically catering to the requirements of VSSC (Vikram Sarabhai Space Centre) ISRO for the prestigious Gaganyaan Mission. It manufactured Superni C276 (Haste Alloy), a corrosionresistant nickelbased alloy supplied feedstock and mill forms of hightemperature alloys for the prestigious Kaveri dry engine program completed development and certification of Superni 115 LPT blade blank for aeroengines additionally completed development and certification of Titan 26M, a Titanium alloy capable of withstanding temperatures up to 520C under creep conditions the newly established armour unit at Rohtak, Haryana commenced production and delivered 15 bulletproof vehicles of the Isuzu Shaurya model to the JK police. Additionally, 47 MIDHANI Twarit model vehicles were dispatched to the JK police. The unit has also supplied composites for mineproof vehicles to AVNLs (Armoured Vehicle Nigam Limited), Vehicle Factory, Jabalpur.During the year 202223, MIDHANI launched heavy forging slabs measuring 127 (T) x 590 (W) x 900 (L) mm launched forged bars of HastelloyX developed a highperformance alloy, comprising Nickel Chromium MolybdenumTitanium, specifically designed for the Indian Molten Salt Breeder Reactor (IMSBR) achieved indigenous bulk production of HighPressure Compressor (HPC) discs using Titanium alloy TITAN26A.A Joint Venture Company i.e. Advanced Materials (Defence) Testing Foundation, was incorporated on June 4, 2024 by the Ministry of Defence in FY 202324. For manufacturing and supply of Helical Compression Springs Project for Railway Wagons, Coaches, Locomotives, a Spring Manufacture Unit was set up and commissioned in FY 2024. MIDHANIs spring plant facility with a capacity of more than 60,000 springs per annum was approved by Research Designs Standards Organisation (RDSO) in June, 2024. A New Titanium Melting Plant was established during the year. It established an advanced Isothermal Forging Facility integrated with its 6000T press. It commissioned a 20T and 12T LPGfired fixed hearth furnaces for billet reheating, with the 20T furnace already operational in FY24.The new Titanium Plant, having a production capacity of 250300 tonnes per month became operational in FY 2025. Company launched two important and indigenous nickelbased superalloysSuperni 41 hot rolled plates and IHTA forged billets. The plant for manufacturing Helical Compression Springs for railway wagons, coaches, and locomotives was established in FY25. MIDHANI undertook a major augmentation of its Bar Wire Drawing (BWD) Shop during the year. It launched further hot rolling parameters for manufacturing wide plates using Titan32, PT3B, and Titan31 alloys. It completed extensive type testing for BT10 cold rolled sheets, PT1M seamless pipes, and PT3B plates, sheets, fasteners, forged products, and hotrolled bars. It established and developed the thermomechanical processing parameters for BT20 alloy ring components for the aerospace requirement. It launched the supply of three grades of cast Nibased superalloys for Aeroengine applications in 2025. MIDHANI developed and optimized the thermomechanical processing parameters for Titan31A alloy bars of 500mm and 420mm diameter.Titanium production nearly doubled to approximately 750 MT during the year 2026, with the commissioning of a new vacuum arc remelting furnace plant. The cast singlecrystal superalloy material for aeroengine blades launched in 2026.