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India has successfully launched its first solar mission Aditya-L1. Government company Mishra Madhu Nigam Limited (MIDHANI) has played an important role in this project. Aditya-L1 A specialized company has supplied metals and alloys for this very important project. Shares of Mishra Metals Nigam rose 5% to Rs 435.30 on BSE on Monday following the news. This is also a new 52-week high for the company’s shares.
Aditya L1 and Chandrayaan 3 missions are supplied with special metal
Mishra Metallurgical Corporation Limited (Midhani) has said, ‘Important materials from Midhani have been used in the launch vehicle PSLV-C57 of the solar mission Aditya L-1. In addition, the company has supplied many more components. Earlier, state-owned company Mishra Metals Nigam also supplied special metals and alloys for the Chandrayaan 3 mission.
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The company’s shares have gained 109% in 6 months
Shares of Mishra Metals Nigam Limited have gained tremendous momentum in the last 6 months. On March 6, 2023, the company’s shares were trading at Rs.204.65 on the BSE. Shares of Mishra Metals Nigam hit Rs.435.85 on September 4, 2023 at BSE. Shares of the state-owned company have jumped 109% in the last 6 months. At the same time, shares of Mishra Metal Corporation Limited have gained 90% so far this year. Mishra Metal Nigam Limited has a market cap of around Rs. 8000 crores.
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