Mishra Dhatu Nigam Ltd (Midhani) will increase
its melting capacity from the current five tonnes
to 15 tonnes in the next 12 months and take a host
of measures, including implementation of ERP, to increase
efficiency and cut costs.
Ordinance Factory Board (OFB is providing the funds
for adding another furnace at a cost of over Rs20
crore, to increase the melting capacity to 15 tonnes,
M Narayana Rao, chairman and managing director, told
newspersons at the inaugural session of a customer
the last four years, we doubled sales to Rs192 crore.
Our current order book stands at Rs600 crore. We target
to double our turnover within two years," he
said. "Currently, 20 per cent of our revenue
comes from commercial sales and we intend to increase
it further," he added.
measures are being taken to prevent delays in delivery
and make the pricing more competitive by cutting down
costs. "The raw material costs in the international
market have gone up by over 600 per cent in the last
four years. To remain competitive, we are implementing
ERP this year," Mr Rao said.
is in the process of signing MoUs with many customers
to know about their future requirements in advance,
Rao said, adding that the company was aiming at improving
sales to non-government entities such as L&T.
was incorporated as a public sector undertaking under
the administrative control of department of defence
production under the ministry of defence for the manufacture
of superalloys, titanium alloys and special purpose
steel required for strategic sectors like aeronautics,
atomic energy, space, as also soft products like molybdenum,
wirres and plates and titanium and stainless steel
tubes, alloys for electronic applications like soft
magnetic alloys, controlled expansion alloys and resistence