Mishra Dhatu Nigam

Work on MIDHANI's new ₹4,000 crore plant to make high-end aluminium alloy in a joint venture with NALCO at Nellore has begun and would take up to five years.

MIDHANI successfully modernised its manufacturing facilities in Hyderabad by upgrading forging and other equipment at a total cost of ₹200 crore, aiming to scale up annual production to ₹1,000 crore.

MIDHANI expects a work order of up to ₹500 crore to supply specialised alloys for the Advanced Multi-role Combat Aircraft (AMCA) engine, to be built by DRDO bodies ADE and GTRE.

Nalco and Mishra Dhatu Nigam (Midhani) signed a pact to form a joint venture company to set up a plant for manufacturing high-end aluminium alloy plates and sheets. Each will initially hold 50% equity.