MIDHANI Achieves Record Sales of ₹1,206 Cr in FY26, Up 12%
MIDHANI achieved record sales of ₹1,206 crore in FY26, a 12% increase from FY25, including ₹85 crore in exports. The company supplied critical materials for aerospace, Indian Navy, and space sectors. Key achievements include CEMILAC and NADCAP certifications, a 40% rise in Titanium production, and technology transfer for bullet-proof jackets.
The record sales, substantial year-on-year growth, and strategic advancements in critical sectors like aerospace and defense indicate a significant positive impact on the company's financial health and market position.
The announcement highlights record sales, significant growth, successful execution of orders despite disruptions, and key achievements in certifications and product development, all indicating a positive performance.
Mishra Dhatu Nigam Limited (MIDHANI) has announced a record-breaking performance for the fiscal year 2025-2026, achieving its highest-ever sales of ₹1,206 crore (provisional and unaudited). This represents a 12% year-on-year growth compared to the previous fiscal year's sales of ₹1,074 crore. The company also successfully executed export orders worth ₹85 crore (provisional and unaudited).
Despite significant geopolitical disruptions impacting raw material supply, MIDHANI's strategic planning and execution mitigated production impacts. Key growth drivers included the supply of Superalloys and Titanium alloys for indigenous aero-engine programs, along with performance-critical materials for the Indian Navy and space sectors. Notable deliveries comprised nickel-based single crystal cast sticks, wrought superalloy bars, and rolled rings for aerospace, as well as high-strength low-alloy steels for naval applications.
Major achievements in FY 2025-26 include CEMILAC certification for 10 types of superalloy castings & bars, and NADCAP certification for heat-treating processes. Titanium production saw an approximate 40% year-on-year increase. MIDHANI supplied 31 Titanium alloy windows for the Shri Ram Mandir in Ayodhya, marking the first architectural use of Titanium in India, and approximately 90 tons of armour steel for the Republic Day Presidential Dais.
The company is transitioning from a raw material supplier to an integrated product company, expanding into new areas such as aerospace fasteners, superalloy/titanium castings, welding consumables, and titanium fabricated structures. MIDHANI also successfully executed up-armouring of vehicles for state police forces, meeting side mine blast-proof requirements. Furthermore, MIDHANI obtained technology transfer from IIT Delhi for the manufacture of ABHED bullet-proof jackets, one of the world's lightest BIS Level 6 for API protection.
An MoU was signed with stakeholders for the creation of a Metal Bank at MIDHANI to ensure uninterrupted availability of critical raw materials for national defense projects.
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