Hyderabad based Mishra Dhatu Nigam Limited (MIDHANI) has dispatched its first consignment of Ultra High Strength Steel for Ignitor box and Cobalt alloy for Throat Sitting Rings for indigenous manned mission of Indian Space Research Organisation (ISRO) 'Gaganyaan' which will carry our "Vyomanauts" to space. Dr.S. Unnikrishnan Nair, Director (HSFC), ISRO and Dr. Sanjay Kumar Jha, Director (Production and Marketing), MIDHANI flagged off the event at MIDHANI today.
MIDHANI, the only manufacturer of Titanium Alloys and major supplier of Super Alloys in India, has indigenously developed and supplied various special metals and alloys required for ISRO space programmes from its first mission and continue to support all the missions.
In addition to above materials, MIDHANI shall also supply Titanium Alloy materials for Gaganyaan's GSLV-Mark-III rocket liquid engine thrusters, nozzle, gas bottles, cryogenic upper stage components. MIDHANI and ISRO have been working together over four decades and have developed critical input materials used in cryogenic engine, rocket motor casing, propellant tanks, etc. Investment castings of vacuum melted quality of Nickel alloys, Stainless steel for Exhaust Unit and Hafnium-Niobium metal were also developed by MIDHANI, these materials will also be used in ISRO's ambitious Gaganyaan Mission.
MIDHANI is in the process of establishing manufacturing facilities for carbon-fibre & 3D metal powder. An aluminium alloy plant in joint venture with NALCO at Nellore being setup under 'Make in India' initiative as a joint venture company 'Utkarsha Aluminium Dhatu Nigam Limited' would manufacture high end aluminium alloy product such as sheets, plates, extrusions and forgings for strategic & commercial sectors.
Shares of Mishra Dhatu Nigam Ltd was last trading in BSE at Rs.152.8 as compared to the previous close of Rs. 159.85. The total number of shares traded during the day was 39174 in over 843 trades.
The stock hit an intraday high of Rs. 159 and intraday low of 150.65. The net turnover during the day was Rs. 6005763.