IPO Note: MISHRA DHATU NIGAM LTD - NOT RATED - Kotak

- Midhani is one of the leading manufacturers of special steels, Superalloys and only manufacturer of titanium alloys in India. These are high value products which cater to niche end user segments such as defence, space and power. Company has emerged as a 'National Centre for Excellence' in advanced metallurgical production of special metals and Superalloys in India. They have the technological ability to manufacture a wide range of advanced metals and alloys under one roof. With growth of business and operations, company has achieved the status of a Mini Ratna Category- I company in 2009. Company manufactures unique combination of metal and alloys, which have superior mechanical properties and better workability and are essential for special applications in aerospace, power generation, nuclear, defence and other general engineering industries. Products manufactured are key ingredients for strategic sector in India, which typically cannot be imported from other countries due to its national security related concerns.

- Company manufactures three varieties of Superalloys - nickel base, iron base and cobalt base. It also manufactures varieties of titanium alloys. Company has the competence of developing and manufacturing customized alloys tailor made to suit the specific requirements of customers for their critical applications. Presently it has a manufacturing facility in Hyderabad and is in process of setting up two new manufacturing facilities in Rohtak and Nellore.

Source : Equity Bulls

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