Hyderabad-based Mishra Dhatu Nigam (Midhani), a defence enterprise, signed a memorandum of understanding (MoU) with Steel Authority of India (SAIL) in Delhi on Thursday to utilise the public sector steel behemoth’s infrastructure for augmenting its production capacity.
“To meet the ever-growing demands for special materials for strategic applications of national importance, it became pertinent for Midhani to enter into a strategic alliance with SAIL, which houses some of the best equipment that could be utilised by us leading to a win-win situation for both the organisations,” said M Narayana Rao, chairman and managing director, Midhani.
SAIL chairman CS Verma said the alliance between the two companies would lead to indigenisation of all the steels that are being imported by defence and other strategic sectors like atomic energy, space and power.
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