Midhani to invest INR 1,400-cr in modernisation and expansion initiatives
Midhani, the India based public sector unit, a supplier of special
materials to the strategic sectors, has taken up an INR 1,400-crore modernisation
and expansion initiatives.
It has already modernised various captive facilities such as the Forge Press, Ring Roll Mill, ESR, etc. during the first phase with INR 400-crore. The Union Minister of Defence and Finance Arun Jaitley inaugurated the modernised units and laid foundation for the second phase. The second phase will take up expansion of various captive facilities like Armouring Unit, Tungsten Power Plant, Solar Power unit, Close Die Forging & Reheating Furnaces.
The project is expected to be completed in 3-4 years with an
investment of INR 1,000 crore. According to the Chairman and Managing Director
of Midhani, Dinesh Kumar Likhi, in the Plate Mill, Midhani would produce
special alloy and titanium alloy plates ranging from 4 mm to 20 mm in thickness.
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The new melt shop with a combination of vacuum degassing
(VD) and electro slag refining (ESR) will be the first of its kind in the country.
Midhani will soon establish an armouring unit at Rohtak, Haryana, and an
aluminium alloy plant at Nellore in Andhra Pradesh. The Defence Minister who
inspected the units expected Midhani to work towards achieving self-reliance in
special metal sector and contribute to the ‘Make in India’ programme.
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