Mishra Dhatu Nigam Ltd Research ReportStock Tales

Mishra Dhatu Nigam (Midhani), a Mini Ratna (Category – I) company, is a leading manufacturer of special steel, super alloys & titanium alloys catering to niche end-user segment like space, defence, energy, etc. Within the overall steel market, Midhani’s area of focus is on speciality steel (nickel based alloys and speciality alloys). These alloys are used across end user applications that require reduced weight, high strength & toughness and high corrosion & oxidation resistance. Despite high cost when compared to conventional steel & alloy grades, the select products are preferred for highend applications (space, defence, etc) where efficiency and precision is of prime importance. Midhani is in the business of manufacturing these highvalue added products wherein majority of orders executed are import substitute. Over the years, Midhani has acquired competence to develop and manufacture customised alloys tailor-made to suit the specific requirements of customers for their critical applications.