What we do Mishra Dhatu Nigam Ltd (MIDHANI) is a premier Indian CPSU manufacturing special steels, superalloys, and titanium alloys for aerospace, defence, nuclear, and power sectors. |
Founded in 1,973 |
Market share Key indigenous supplier and import substitute in India's strategic metal alloys market, with expanding exports to 19+ countries. |
Problem solved Provides critical high-performance metals and alloys indigenously, reducing national security risks and dependence on imports for strategic sectors. |
Top clients or who we serve Defence, aerospace, space, energy sectors, and exports; supplies to government and private industrial OEMs (B2B). |
Key management Dr. S. V. S. Narayana Murty (Chairman & Managing Director) with extensive leadership in defence metallurgy. |
Our journey and innovations Incorporated in 1973, pioneered indigenous superalloys, titanium alloys, advanced melting, forging technologies, and developed new aerospace-grade alloys. |
Where we operate Manufacturing in Hyderabad, expansions underway in Rohtak and Nellore, exports over 19 countries worldwide. |
Top products or what we offer Special steels, nickel, iron, cobalt superalloys, titanium alloys in semi-finished forms, specialised forgings for defence and aerospace. |
Top brands Superni 41 (nickel-based alloy), IHTA (high temperature alloy), Titan31, Superfer alloys, indigenized armoured steel and aerospace components. |
Raw materials needed Nickel, chromium, molybdenum, titanium, cobalt, master alloys, titanium sponge, aluminium. |
Raw materials supplier Domestic and international suppliers including joint ventures like Utkarsha Aluminum Dhatu Nigam Limited. |
Recurring vs cyclical contribution Revenue largely recurring from long-term strategic orders with some cyclical components tied to defence and space project funding. |
Our industry position Market leader in India's special metals segment with growing export and indigenous technology leadership. |
Financial highlights FY 2024-25 revenue ₹1,074 crore (+0.13% YoY), PAT ₹110.1 crore (+20.6%), EBITDA ₹249 crore (+11.1%). |
Geographical revenue split Majority domestic with growing exports, notably over 42% export turnover growth in FY 2024-25. |
Order book Order book valued at ₹1,832 crore with major orders in defence, space, energy, and exports. |
Whats driving growth Indigenization drive in defence and space, export diversification, capacity expansion, and advanced alloy R&D. |
Our future plans Capacity expansion with new titanium and spring plants, advanced process upgrades, deeper aerospace certifications. |
Our green promise ISO 14001 environmental certification, solar power initiatives, energy efficiency measures, and large-scale tree plantation. |
Our people and values About 786 employees, focus on skill development, diversity, women empowerment, and inclusive growth. |
Key challenges ahead Supply chain constraints, technology upgradation, global geo-political risks affecting raw materials, and payment delays. |
Interesting facts Developed critical alloys within 96 hours during COVID-19; key supplier to India's Gaganyaan space mission. |
Risks and strategy Mitigation via vendor diversification, in-house R&D, strategic partnerships, and risk management governance. |
