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MIDHANI issues CPs worth Rs 50 cr to Union Bank of India


Mishra Dhatu Nigam (MIDHANI) has raised Rs 50 crore by allotting commercial papers to Union Bank of India on a private placement basis.MIDHANI has allotted 1,000 commercial papers (CPs) of face value Rs 5 lakh each and an issue price of Rs 4,95,540 each. The CPs hold tenure of 90 days. Credit rating agency CRISIL has rated the CPs at CRISIL A1+ .
MIDHANI is one of the leading manufacturers of super alloys, titanium & titanium alloys, special purpose steels and other special alloys. The Government of India held 74% stake in the company as of 31 December 2020.
On a consolidated basis, the company s net profit fell 1% to Rs 60.13 crore on a 9% decline in net sales to Rs 187.92 crore in Q3 FY21 over Q3 FY20. ....

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Why aluminium and aerospace are made for each other - The Hindu BusinessLine


Deepak Mathur, Sr Vice President, Sales and Marketing, Jindal Aluminium Limited×
Deepak Mathur, Sr Vice President, Sales and Marketing, Jindal Aluminium Limited, on alloys and aerospace
As far as relationships go, aluminium and its use in the aerospace industry are a bond that has aged well. The ties date back to the 19th century; the first use of aluminium in aerospace was in the making of frames by Count Ferdinand Zeppelin in his ‘airships’.
This historic relationship finds a place in the Wright Brothers’ story. The cylinder block and other parts of the Wright Flyer in 1903 were made of aluminium; they were light yet strong enough for a successful take-off. Aluminium against a wooden frame that was in use then ensured that the aircraft lifted off with the intended weight. ....

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Aerospace: Applications of High Performance Refractory Metal Alloys


Image Credit: Andrey Armyagov/Shutterstock
Refractory metal alloys are known for their distinctive specifications and general properties. Among them is the niobium-based refractory metal alloy C-103, which has a variety of applications in space exploration and propulsion technologies.
Though elements such as molybdenum, tantalum, tungsten, niobium, and rhenium are the more well-known refractory metals, this category can be expanded to include up to 16 metallic elements.
1,2,3,4
Refractory metals all have some core properties in common. These include exceptional resistance to corrosion, high thermal conductivity and melting points, as well as the retention of mechanical strength at high temperatures (hot strength).
Given the durable and hard-wearing properties of refractory elements, they have been the subject of research for applications in a wide range of fields. These include nuclear power, aerospace applications, drilling, metal cutting, chemical processing ....

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Isgec receives orders for recently developed Inconel weld overlay process


Isgec Heavy Engineering has developed a special capability for Inconel Weld Overlay
process. This process is qualified as per ASME and EN Standards and opens up the Global
Market, including in the European Union. This has been developed at the Boiler
Manufacturing and Piping plant of Isgec located at Rattanagrh, Haryana.
The Plant caters to
Isgec s Boiler and Pressure Part global clientele.
This recent development enables Isgec to cater to its customers in Waste to Energy, Fired
Heaters, and Special Projects where weld overlay is needed on membrane wall (water wall)
tubes and pipes.
As a result of this development, Isgec has already received orders that are under execution. The first order is for the supply of 3 Cooling Stacks with weld overlay (inconel 625). To be ....

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