Interview with Chairman & MD , Garden reach ship Builders- Guidance for FY 2024
Grse Jumps After Strong Q1 Result(GRSE,quarter%20ended%2030%20June%202023.
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defence-psu-midhani-enters-the-global-supply-chain-for-aero-engine-critical-materials
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#Midhani: Likely involved in supplying superalloys and titanium alloys for various platforms.
Solar Industries & Premier Explosives: Potential suppliers of propellants for loitering munitions.
Timeline: Contracts expected within 9-12 months.
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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.
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Ministry of Defence INKS MOU WITH BEML, BEL & MIDHANI FOR INDIGENOUS DEVELOPMENT OF ADVANCED FUELLING & CONTROL SYSTEM FOR ENGINES FOR HEAVY DUTY APPLICATIONS - PIB
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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.
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Mishra Dhatu Nigam Limited MIDHANI has secured an order of Rs. 139 Cr bringing their open order position to around Rs. 1830 Cr.
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Mishra Dhatu Nigam Limited has executed a joint venture agreement with four other companies to incorporate a Section 8 Company under the Defence Testing Infrastructure Scheme. The proposed company will be named ‘Advanced Materials (Defence) Testing Foundation’ and will focus on indigenous research, development, and manufacturing in the defense sector.
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MIDHANI to manufacture T100 Carbon Fibre in collaboration with HAL and BARC.
NITI Ayog.
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Discl: Invested from lower level… not a buy sell recommendation. please do your own assessment before you take any buy sell action
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GRSE lowest bidder for Rs500 Crore DRDO contract
Discl: Invested at lower level. may be biased. not a buy sell recommendation. please do your own assessment before investing
Is Cochin and Mazagaon in Autonomous platforms as well or this is first timer advantage for GRSE - thanks for the help
To my understanding all the 3 defense shipping companies are working on Autonomous platform , UUV. But Garden reach seems to have reached an advanced stage with surface , sub-surface and Aerial
Further details I am trying to understand.
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