Mishra Dhatu Nigam Limited (MIDHANI) announced record-breaking performance for the financial year 2025-2026, achieving provisional sales of ₹1,206 Crore, marking a 12% year-on-year growth. This success was realized despite significant geopolitical disruptions impacting raw material supplies. Key growth drivers included supplying critical materials for indigenous aero-engine programs, the Indian Navy, and the space sector.
Record Financial Performance for FY 2025-2026
MIDHANI has reported achieving its highest-ever provisional sales figures for the financial year ending March 31, 2026. Total sales reached ₹1,206 Crore (provisional and unaudited), representing a substantial 12% year-on-year growth over the previous year’s ₹1,074 Crore. This performance was achieved through strategic planning that successfully mitigated the impact of widespread supply chain disruptions.
The provisional results also include the successful execution of export orders valued at ₹85 Crore.
Key Growth Drivers and Deliveries
The robust performance was largely fueled by the delivery of mission-critical materials to strategic Indian sectors:
- Supply of Superalloys and Titanium alloys for ongoing indigenous aero-engine programs.
- Provision of performance-critical materials for the Indian Navy and the national space sectors.
- Notable deliveries included nickel-based single crystal cast sticks, wrought superalloy bars, rolled rings for aerospace, and high-strength low-alloy steels for naval use.
Major Operational and Strategic Achievements (FY 2025-26)
MIDHANI highlighted several key operational milestones achieved during the fiscal year:
- Certification Milestones: Received CEMILAC certification for 10 types of superalloy castings and bars, along with NADCAP certification for heat-treating processes.
- Production Boost: Titanium production increased by approximately 40% year-on-year.
- Architectural Use: Supplied 31 numbers of Titanium alloy windows for the Shri Ram Mandir in Ayodhya, marking the first architectural application of Titanium in India.
- Defence Supply: Provided approximately 90 tons of armour steel for the Republic Day Presidential Dais.
- Integration: Successfully transitioned from being a raw material supplier to an integrated product company.
- Expansion Areas: New/expanded focus areas include aerospace fasteners, superalloy/titanium castings, welding consumables, and titanium fabricated structures.
New Capabilities and Future Collaborations
The company also advanced significant capability development projects:
- Successfully executed the up-armouring of vehicles for various state police forces, meeting specific side mine blast proof requirements for light motor vehicles.
- MIDHANI obtained technology transfer from IIT Delhi to manufacture the ABHED bullet proof jackets, recognized as one of the world’s lightest BIS level 6 products for API protection.
- An MoU was signed with various stakeholders for the creation of a Metal Bank at MIDHANI, aimed at ensuring an uninterrupted supply of critical raw materials for national defence projects.
Source: BSE
