Shares of Mishra Dhatu Nigam Ltd (MIDHANI) gained 2.92% to Rs 389 on Tuesday after the government-owned company announced a new order worth Rs 306 crore, boosting its total order book to approximately Rs 2,212 crore.
The Hyderabad-based metallurgical firm stated that the latest contract marks another milestone in its ongoing expansion of defense and aerospace material supply capabilities. The order further enhances MIDHANI’s position as a key supplier of specialty alloys and advanced materials to India’s strategic sectors.
This development underscores the growing demand for the company’s products, particularly in defense manufacturing and high-technology engineering segments. MIDHANI’s continued success in securing large contracts highlights its strong technical expertise and ability to deliver high-performance materials to critical industries.
At 9:07 AM, shares were trading higher by Rs 11.05 or 2.92%, reflecting investor optimism after the announcement.
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