On Tuesday, July 15, shares of Mishra Dhatu Nigam Ltd (MIDHANI) soared over 10% on the National Stock Exchange (NSE), marking their sharpest single-day rise in over 2 months. The rally was driven by a significant development, Hindustan Aeronautics Limited (HAL) awarded MIDHANI a ₹6,000 crore order for the supply of specialised superalloys.
According to news reports, the massive order from HAL involves the procurement of advanced superalloys, which will be used in manufacturing jet engines for India's fighter aircraft. The deal is valued at approximately ₹6,000 crore and signals a strong vote of confidence in MIDHANI’s technological and manufacturing capabilities.
The order includes advanced nickel-based and cobalt-based superalloys infused with elements like chromium, titanium, and aluminium. These materials are critical for high-performance jet engines such as the AL31 engine, which powers India’s Su-30MKI aircraft. Superalloys are known for their exceptional strength, durability, and resistance to high temperatures, qualities essential in the aerospace industry.
This development aligns with the broader push for indigenisation in India's defence manufacturing. By placing a large-scale order with MIDHANI, HAL aims to reduce dependence on foreign suppliers and build a more resilient domestic supply chain. The deal is also seen as a foundation for future collaborations on advanced engine programs, including the GE F414 engine for the Tejas Mk2 and the upcoming AMCA project.
MIDHANI’s long-standing expertise in metallurgy and materials science makes it a strategic partner in India’s aerospace ambitions. With this order, the company not only reinforces its leadership in the production of specialised alloys but also supports national goals of technological self-reliance and defence preparedness.
Read More: Bombay Stock Exchange Receives Bomb Threat via Email on July 15, Police Find No Explosives!
As of 10:52 AM on July 15, 2025, MIDHANI's share price is trading at ₹434.80, a 8.36% increase.
The HAL-MIDHANI collaboration marks a significant milestone in India's journey towards becoming self-reliant in defence production. The ₹6,000 crore order for superalloys has not only propelled MIDHANI’s stock but also underscores its critical role in supporting India’s future fighter aircraft engine programmes.
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Published on: Jul 15, 2025, 10:58 AM IST
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