Mishra Dhatu Nigam Limited, Bharat Dynamics Limited, Hindustan Aeronautics Limited, Yantra India Limited and Ptc Industries Limited Forms Joint Venture
May 07, 2024 at 07:28 am EDT
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In furtherance to intimation quoted under reference, the joint venture agreement to incorporate a Section 8 Company under Companies Act, 2013) under Defence Testing Infrastructure Scheme (DTIS) promulgated by Department of Defence Production, Ministry of Defence has been executed between consortium of five (5) Companies i.e. Mishra Dhatu Nigam Limited (MIDHANI); Bharat Dynamics Limited; Hindustan Aeronautics Limited; Yantra India Limited; and PTC Industries Limited along with Uttar Pradesh Expressways Industrial Development on May 6, 2024. The proposed registration of the Section 8 Company with the Ministry of Corporate Affairs will bear the name `Advanced Materials (Defence) Testing Foundation' or any other similar name as the case maybe. The main object of incorporation of Joint Venture Company under Defence Testing and Infrastructure Scheme promulgated by Ministry of Defence is to provide focused, structured, and significant thrust to indigenous Research, Development and Manufacturing in the Defence Sector, with special focus on participation of MSMEs an'd Startups, by providing state of the art testing facilities.
Mishra Dhatu Nigam Limited is an India-based company, which is engaged in the business of manufacturing of superalloys, titanium, special purpose steel and other special metals. It is in the business of manufacturing of super alloys and other special metals. It is focused on production and supply of various super alloys, special steels, soft magnetic alloys to defense and other strategic sectors, such as energy, space and aeronautical applications. It offers various products and services, including superalloys, titanium and titanium alloys, special steel, other metal and alloys. Its special products include biomedical- implants, fasteners, and welding consumables. It has ventured into the area of biomedical implants using advanced technologies employed in aerospace. It also manufactures custom-made implants/ biomedical products to suit the specific requirements of patients and doctors, such as hinge knee joint, acetabular cup with attached iliac wing, lumbar puncture needle device.