Mishra Dhatu Nigam (MIDHANI) increased 2.20% to Rs 197.05 after the company announced the signing of eleven memorandums of understanding (MoUs) with various organisations during Aero India 2023. MIDHANI signed MoUs with Hindustan Aeronautics, Nashik, Hindustan Aeronautics, Koraput, Hindustan Shipyard (HSL), Visakhapatnam, Weispun Speciality steels, Micron Instruments, Chandigarh, Jay Jagadamba, Mumbai, Bay Forge, Chennai, Oorja Abhiyantran, Hyderabad, Tamilnadu Industrial Corporation, IIT, Roorkee, and IIT, Bombay.
MIDHANI signed these Memorandums of Understanding (MOUs) to broaden its horizons in the areas of developing and manufacturing aerospace and naval materials, research and development (R&D), exports, health care and training, and so on, and to investigate opportunities to increase production capacity in order to pave the way for Atma Nirbhar Bharat. Mishra Dhatu Nigam is a manufacturer of superalloys, titanium, special purpose steel, and other special metals.