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Mishra Dhatu Nigam Stock Fundamental Analysis - Financial Results & Equity Research | Invest Yadnya Stock-o-Meter

Mishra Dhatu Nigam

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Relaince Group

Sector: Refineries

Market Price

2,529.50

Market Cap(₹Cr.)

2,529.50

-90.00

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Overview

Incorporated in 1973, Mishra Dhatu Nigam (India) Ltd (MIDHANI) is a ministry of defence, Government of India enterprise. Mishra dhatu Nigam limited is the only manufacturer of titanium alloys in India. Its prime manufacturing plant is at Kanchanbagh, Hyderabad, Telangana, India. 

The metal and alloys manufacturer aspires to achieve Self-Reliance in the research and manufacture of significant steel superalloys. The company aims to strengthen National Security and develop Strategic Sectors for Nuclear, aeronautical and Space applications.

The company constitutes an expanded trade network of traders equally divided all over India to address customer needs. The company is also listed on the Bombay and National Stock Exchange list.

                         

MERGERS AND ACQUISITIONS

The company was established in 1973 under the ministry of defence as a government of India enterprise.  

The company has served the Indian defence and power sectors for more than 45 years and is the leading producer of special steels Superalloys. Mishra Dhatu Nigam manufacturing unit at Rohtak is dedicated to the development of armour and the one at Nellore, Andhra Pradesh is devoted to aluminium alloys production. 

The leading titanium manufacturer caters to the demands of strategic customers like the Defence Research & Development Organisation, Larsen & Toubro, Department of Atomic Energy and many more. 

 

SERVICES

The company has a specialised range of products which they offer to their crucial clients

  • Nickel-based superalloys (SUPERIN)
  •  Unalloyed or commercially pure titanium
  •  Beta TITANIUM alloys
  • High Strength Special Steel
  • Austenitic Steels
  • soft magnetic alloys like softmag 36B, softmag 48B
  • iron-based superalloys (SUPER CO)
  • Alpha and near alpha titanium alloys
  • Martensitic Steels
  • Bhabha kavach, bulletproof armour panel
  • biomedical implants like Lumbar Puncture Needle Device etc. 
  • cobalt-based superalloys (SUPERFER)
  • Alpha- plus -beta titanium alloys
  • Precipitation Hardening Steels
  • nickel-titanium shape memory alloys
  • testing and evaluation services
  •  Vacuum Investment Casting Facility
  • forging, rolling and sand casting services

  Mishra Dhatu Nigam is the only company in India to manufacture non-synthetic type welding electrodes for defence applications like the construction of nuclear submarines and others. 

 

MILESTONES

1973- The public sector undertaking was incorporated as a private limited company, Mishra Dhatu Nigam Private Limited. A decade later, the status of the company was altered from a private limited company to a public limited company.

1983- the company ventured into commercial production and started fabrication of armour panels in 1988. 

 2001 - the company manufactured Niobium alloy for space applications. In the following year, it commenced the supply of specialized fasteners.

Mishra Dhatu Nigam developed Chromium-Molybdenum steel forgings in 2005. During the year 2006-2007, the company produced gun barrel forgings. 

An e-Procurement portal of the company was inaugurated in 2011. 

 

AWARDS AND RECOGNITIONS

In 2008 the company was honoured with Mini Ratna category-1 status from the Ministry of Defence, the government of India. 

The company has received several quality certifications, namely, ISO(9001) in 2000, ISO (45001) IN 2018, AS9100 in the fiscal 2016 and TC-7139 certification, NABL-ISO 17025 in 2017. 

In 2021, the government of India enterprise grabbed a trophy for Telangana State Intellectual Property Award for Best IP Portfolio. 



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