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The latest announcement is out from Mishra Dhatu Nigam Ltd. ( (IN:MIDHANI) ).
Mishra Dhatu Nigam reported a record provisional sales figure of ₹1,206 crore for FY 2025-26, up 12% year-on-year, including ₹85 crore of exports, despite geopolitical disruptions to raw material supplies. The company attributed the growth to strong demand for superalloys and titanium alloys for indigenous aero-engine programmes, as well as critical materials for the Indian Navy and space sector, supported by strategic supply-chain planning that mitigated production risks.
Operational highlights included CEMILAC certification for 10 types of superalloy castings and bars, NADCAP certification for heat treatment processes and a roughly 40% rise in titanium output. MIDHANI also expanded into higher-value products and applications, supplying titanium windows for the Ram Mandir in Ayodhya, armour steel for the Republic Day presidential dais, up-armouring of police vehicles, adopting IIT Delhi’s ABHED bulletproof jacket technology and signing an MoU to create a metal bank to secure critical defence raw materials.
These achievements underscore MIDHANI’s transition toward an integrated product company with a broader portfolio spanning aerospace fasteners, advanced castings, welding consumables and fabricated titanium structures. The initiatives, particularly the metal bank and expanded protection solutions, strengthen its role in India’s defence and strategic manufacturing ecosystem while enhancing resilience against future supply chain shocks.
More about Mishra Dhatu Nigam Ltd.
Mishra Dhatu Nigam Ltd. is a Government of India enterprise specializing in advanced metallurgical products, including superalloys, titanium alloys and high-strength steels. The company primarily serves strategic sectors such as aerospace, defence and space, and is increasingly moving up the value chain from raw material supply to integrated, high-performance engineered products.
Average Trading Volume: 52,236
Technical Sentiment Signal: Sell
Current Market Cap: 50.76B INR
Find detailed analytics on MIDHANI stock on TipRanks’ Stock Analysis page.