India’s state-run special steel and metal alloys producer Mishra Dhatu Nigam Limited (MIDHANI) has reported a net profit of INR 187.10 million ($2.25 million) in the first quarter (April-June) of the fiscal year 2023-24, up 5.32 percent year on year, according to a regulatory filing by the company on Wednesday, August 9.
The company achieved total sales revenues of INR 1.95 billion ($23.63 million), up 60 percent year on year.
MIDHANI operates plants for forging and ring rolling, heat treatment, hot rolling and cold rolling, bar and wire units, and is a major supplier of super alloys and special steel to strategic sectors like defense production, aerospace and nuclear power plants.