Midhani gains 4%; Firm to inaugurate wide plate mill facility today

Going forward, as facilities ramp up production, additional revenue is expected is likely to flow from wide plate mill as well as the Rohtak plant, thereby providing healthy revenue visibility.

Shares of Mishra Dhatu Nigam (Midhani) gained up to 4 per cent at Rs 210 on the BSE in Tuesday’s intra-day trade ahead of inauguration of its wide plate mill facility today, by Hon’ble President of India, Smt. Droupadi Murmu.

Midhani has set up a key facility wide plate mill at its existing Hyderabad plant with an investment of around Rs 500 crore for rolling of slabs of various alloys.

The three metre width of the plate, which can be rolled in the newly commissioned mill, makes it unique globally. Due to its very high capacity of rolling