Midhani’s OFS to keep share price under pressure in the near term
We expect Midhani's growth to return in FY22 on the back of higher order inflow from space and defence
Under the agreement with the Bengaluru-based R&D laboratory, MIDHANI will process nickel titanium shape memory alloys (NiTi-SMAs) on exclusive basis for engineering and bio-medical applications, a release said here.
MIDHANI Chariman & Managing Director, D K Likhi along with Directors handed over the dividend cheque to Defence Minister Manohar Parrikar on January 25, it said in a statement.
Two state-owned firms -- Steel Authority of India (SAIL) and Mishra Dhatu Nigam (Midhani) -- on Thursday signed a pact aimed at developing speciality steel products for use in defence and power sectors.