Mishra Dhatu Nigam “MIDHANI” Bags Order Worth Rs 285 Crore

Mishra Dhatu Nigam Limited, mainly known as MIDHANI, was established in 1973 with the aim of developing and producing high-quality metals and alloys for strategic sectors such as defence, aerospace, nuclear, and other advanced industries. The company has a strong focus on research and development, constantly innovating to meet the evolving needs of its customers. MIDHANI is a public sector undertaking under the administrative control of the Department of Defence Production, Ministry of Defence, Government of India. MIDHANI’s state-of-the-art manufacturing facilities are equipped with modern technology and machinery to ensure precision and quality in its products. The company has a dedicated team of highly skilled professionals who work tirelessly to deliver superior products that meet international standards. With a commitment to excellence and customer satisfaction, MIDHANI has earned a reputation as a reliable supplier of critical materials for defense and other strategic applications. The company’s products are used in a wide range of applications, including missile systems, aircraft components, nuclear reactors, and more. Mishra Dhatu Nigam is a producer of titanium, special-purpose steel, superalloys, and other uncommon metals.

Mishra Dhatu Nigam Ltd. total orders and overall performance:

Mishra Dhatu Nigam Ltd. has secured a new project worth Rs. 285 crore, bringing the total projects bagged by the company to Rs. 2098 crore as of August 19. In the previous quarter, which ended on June 30, 2024, the metal producer reported a 74% year-over-year (YoY) decline in net profit to Rs. 5 crore, from Rs. 19 crore during the same period the previous year.

Mishra Dhatu Nigam Ltd. stock price:

Mishra Dhatu Nigam Ltd. is a public sector undertaking and is currently trading today at a price of Rs. 431.25 per share, which is nearly 1% lower despite receiving an order worth Rs. 285 crore today.

Conclusion: Mishra Dhatu Nigam Ltd. (MIDHANI) is slowly securing more promising projects, and for the next quarter, we anticipate further improvement in stock performance and an increase in the number of projects.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.