Indian Defense Sector

Interview with Chairman & MD , Garden reach ship Builders- Guidance for FY 2024

Grse Jumps After Strong Q1 Result(GRSE,quarter%20ended%2030%20June%202023.

2 Likes
2 Likes

defence-psu-midhani-enters-the-global-supply-chain-for-aero-engine-critical-materials

2 Likes

Defense Acquisition Council’s (DAC) to disburse the ₹80,000 crore for Defence purchases

4 Likes

https://twitter.com/ICICI_Direct/status/1759428881428128032?t=ENVcAzNcUJ1lL8U-3XHVNg&s=19

#Midhani: Likely involved in supplying superalloys and titanium alloys for various platforms.

:small_orange_diamond:Solar Industries & Premier Explosives: Potential suppliers of propellants for loitering munitions.

Timeline: Contracts expected within 9-12 months.

1 Like

https://www.business-standard.com/markets/news/space-related-shares-rally-up-to-13-after-government-eases-fdi-norms-124022200468_1.html

Midhani up 13% today as Foreign Direct Investment approved by Cabinet in Space sector…

MIDHANI CON CALL UPDATES

‘Targetting Rs 1,100 crore revenue this year,’ says SK Jha of Mishra Dhatu Nigam Limited. He tells Prashant Nair, Surabhi Upadhyay and Nigel D’Souza that defence will contribute 60-65% and space will contribute 20-25% in the revenue mix for FY24.

1 Like

Ministry of Defence INKS MOU WITH BEML, BEL & MIDHANI FOR INDIGENOUS DEVELOPMENT OF ADVANCED FUELLING & CONTROL SYSTEM FOR ENGINES FOR HEAVY DUTY APPLICATIONS - PIB

2 Likes

Garden reach ship builders clocks an annual turnover up by 33% in 2023-24. Declares interim dividend of 79% as against 55% last year.

Mishra Dhatu Nigam Limited (MIDHANI) has reported its highest ever sales of Rs. 1,065 Cr. for FY 2023-24, up from Rs. 871.94 Cr. in FY 2022-23. Additionally, the company achieved its highest ever direct exports of Rs. 66.88 Cr. for FY 2023-24, compared to Rs. 37.45 Cr. for FY 2022-23.

1 Like