Mishra Dhatu Nigam Limited (Midhani) is a premier manufacturer of special steels, superalloys, and titanium alloys, serving strategic sectors like defense, space, and nuclear.

Despite a decrease in Q2 revenue year-on-year, Midhani's production value rose by 3.9%, with strong EBITDA and PAT margins, signaling operational resilience.

The company boasts a significant order book of INR2,200 crores, bolstered by multi-sector demand, with a robust pipeline of INR500 crores in new orders expected by March 2026.

Midhani is fortifying its supply chain security with a metal bank initiative to mitigate raw material disruptions—a strategic move supported by the Ministry of Defense.

Midhani's strategic investments in a powder plant for 3D printing mark its foray into high-value aerospace parts manufacturing, poised to capture market opportunities in additive manufacturing.