Mishra Dhatu Nigam Limited (Midhani) reportedly in talks with aircraft engine manufacturer Pratt & Whitney (P&W) for the supply of engine components, which could help India take a step towards its ambitions in the global aerospace sector, a report said on June 18.
Investors reacted positively to report, with the stock trading at Rs 466.75 on the BSE, up by 2.01 percent from the previous close, at 11.20 am.
The deal could be a significant boost for Midhani, a state-run company, said online portal Indian Defence Research Wing, adding the details had not been disclosed yet.
Moneycontrol couldn't verify the report independently.
Midhani would likely provide various components for different P&W engines, potentially playing a crucial rule as a key player in the global supply chain, the report said. The deal will also give a boost to its Make-In-India efforts .
P&W, which is the second-largest aircraft engine manufacturer, holds a 35 percent stake in the commercial aircraft market, the report said.
In May, reports said Midhani secured a Rs 139-crore order, taking its open order position to Rs 1,830 crore.
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