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Business Upturn
4 days ago
- Business
- Business Upturn
HAL and MIDHANI in focus: HAL places Rs 6,000 crore superalloy order with MIDHANI, says report
Shares of Mishra Dhatu Nigam Ltd (MIDHANI) surged over 8% to ₹433.70 on Tuesday after news surfaced that Hindustan Aeronautics Limited (HAL) has awarded it a massive ₹6,000 crore order for superalloys, as per reports from Alpha Defense. The order marks a significant milestone in India's push for aerospace self-reliance, providing crucial materials for jet engines like the AL31 that powers India's frontline Su-30MKI fighters. Superalloys — which deliver exceptional strength, heat resistance, and durability — are indispensable for high-performance engines and machinery. With global supply chains facing uncertainty, HAL has tapped MIDHANI as a reliable domestic supplier for these advanced materials. The move also mitigates the risks associated with dependence on imported components. MIDHANI is set to supply a wide range of nickel-based superalloys enriched with chromium, aluminum, titanium, as well as cobalt-based and titanium-based alloys. These materials will not only power AL31 engines but also support indigenous engines and future programs like the GE F414 for Tejas Mk2 and the AMCA engine. According to Alpha Defense, this initiative represents a strategic shift toward indigenization of jet engines and tighter control over critical supply chains. The deal will help India replace imported parts, strengthen its industrial base, and reduce vulnerabilities in a region marked by geopolitical tensions. MIDHANI, often referred to as India's superalloy powerhouse, continues to lead in supplying premium alloys for extreme environments like jet turbines, power plants, and critical infrastructure sectors. The order is expected to pave the way for India's next-generation engine programs, bolstering domestic capabilities and supporting HAL's upcoming strategic programs with confidence. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
4 days ago
- Business
- Business Upturn
Why are Mishra Dhatu Nigam (MIDHANI) shares up 8% today? Explained
By Aditya Bhagchandani Published on July 15, 2025, 09:58 IST Shares of Mishra Dhatu Nigam Ltd (MIDHANI) surged over 8% on Tuesday, July 15, touching ₹433.70 on the NSE, after news broke that Hindustan Aeronautics Limited (HAL) placed a massive ₹6,000 crore order with the company for the supply of superalloys. According to reports, including one from Alpha Defense, this strategic deal strengthens India's self-reliance in manufacturing jet engines for its fighter aircraft. MIDHANI's stock opened strongly and hit a high of ₹434.55 during the session, compared to its previous close of ₹401.25. The market reacted positively to the order announcement, reflecting investor confidence in the company's role in powering India's defense manufacturing ambitions. The order will see MIDHANI supply advanced nickel-based and cobalt-based superalloys enriched with elements such as chromium, titanium, and aluminum — crucial materials for high-performance engines like the AL31, which powers India's frontline Su-30MKI fighters. Superalloys are vital in aerospace because of their heat resistance, durability, and strength, and India's growing focus on indigenization makes this order significant. The company's expertise in producing these materials positions it as a critical supplier, reducing India's dependence on imports and creating a robust domestic supply chain. HAL's order is also expected to support future engine programs like the GE F414 for Tejas Mk2 and the AMCA engine. Market participants see this development as a strong signal of MIDHANI's expanding capabilities in India's defense sector, which explains the sharp uptick in the stock price today. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Recorder
30-05-2025
- Business
- Business Recorder
India explores partners beyond US to build fighter jet engines: report
India is actively engaging with defence manufacturers from the United Kingdom, France, and Japan to co-develop fighter jet engines, aiming to bolster its defence capabilities amid escalating regional tensions, Bloomberg reported. This move, seeking to diversify partnerships beyond the United States and address critical capability gaps, comes weeks after Pakistan shot down at least five Indian Air Force (IAF) jets in an aerial combat that involved more than 100 aircraft from both sides and lasted for hours. The incident has prompted global militaries to study the confrontation, highlighting the evolving nature of aerial combat in the region. India's Defence Research and Development Organisation (DRDO) will evaluate proposals from these countries, with an emphasis on technology transfer and intellectual property sharing, Bloomberg reported, quoting sources. Rolls-Royce Holdings PLC has offered joint production and technology transfer during a recent visit by Indian defence officials to the UK. Similarly, France's Safran SA has shown a willingness to transfer technology and share intellectual property rights. Japan has also extended a comparable offer, following a bilateral meeting between India's Defence Minister Rajnath Singh and his Japanese counterpart in New Delhi earlier this month, focusing on potential collaborations in tank and aero engine development. India's pursuit of indigenous defence capabilities has also led to the approval of a fifth-generation stealth fighter jet program. The Advanced Medium Combat Aircraft (AMCA) project, spearheaded by the state-run Aeronautical Development Agency, aims to modernise the Indian Air Force's fleet, which currently operates below its sanctioned strength of 42 squadrons. The AMCA is envisioned as a twin-engine stealth fighter, with plans to involve both private companies and public sector undertakings in its development. In parallel, India has been in discussions with General Electric (GE) since 2023 to jointly produce GE F414 engines. However, the talks have faced delays, and India imposed penalties on GE last year for severe delays in the delivery of engines that power the country's locally-made single-jet fighters. Earlier in February this year, India's state fighter jet maker Hindustan Aeronautics Ltd (HAL) said it would start rolling them out once General Electric supplied engines for them. The recent focus on diversifying partnerships and enhancing domestic defence production capabilities underscores India's commitment to self-reliance in defence technology.
