#PTCIndustries Ltd a manufacturer of highquality engineering metal components for various critical & super-critical applications, has signed an MOU with #Defence PSU Mishra Dhatu Nigam Limited (#MIDHANI), a manufacturer of Nickel & Cobalt Base Super alloys, Titanium alloys, *
Special steels for sectors like Space, Aerospace, Defence, Nuclear & Oil & Gas for a technical collaboration between both companies.
The MOU between PTC Industries and Midhani will utilise the technological capabilities of both companies for :
1. Manufacturing of Titanium alloy pipes and tubes using indigenous raw materials processed through the recently acquired EBCHR / PAM / VAR technology by PTC Industries in collaboration with Midhani for defence and naval applications.
2. Manufacturing of Titanium alloy plates & sheets using Midhani Wide Plate Mill using indigenous feedstock processed using PTC's EBCHR Melting Technology, currently the sole upcoming plant in India which will use scrap titanium and various grades of titanium sponge.
3. Fabrication of crucial parts and LRUs for the defence and aerospace industries using PTC's advanced machining facility and Midhani's forged and rolled products.
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Tejas Networks got founded in 2000 by Sanjay Nayak is an optical, broadband & data networking products company based in 🇮🇳, designs develops & sells its products to telecom service providers, internet service providers, utilities, security & Govt entities in 75 countries
Global Presence -
Tejas Network earns 60% of it's revenue from India. International Revenues accounts for 40% of total revenues of the company.
Has geographical presence in USA, Mexico, Brazil, South Africa, Nigeria, Kenya, UAE, Bangladesh, Philippines, Singapore and Malaysia.
Over the last three decades, HFCL has
transformed into a leading innovation-led
technology enterprise from a telecom
equipment manufacturer, offers wide
range of next-gen communication
products & integrated solutions to
diverse sectors.
The Company produces Optical Fibre,
Optical Fibre Cables, passive components & other cutting-edge transmission & access equipment.
HFCL also has an established track record of providing end-to-end communication
network solutions to it's customer across the globe.
India's Largest Integrated Power Company Tata Power, formerly a part of the three entities jointly known as Tata Electric Companies, is a pioneer in technology adoption, with many firsts to its credit, supporting the country's energy independence.
Tata Power, together with its subsidiaries & joint entities, has a generation capacity of 13,735 MW of which 35% comes from clean energy sources.
South Indian Bank Ltd (SIB) est. in 1929 is a major private sector bank headquartered at Thrissur in Kerala, India. SIB has 926 branches, 1 service branches, 18 Regional Offices spread across India. The bank has also set up 1,275 ATMs & 120 Cash Deposit Machines.
Financial Summary -
Q2FY23 (YoY)
NII at ₹726 Cr vs 527 Cr ⬆️38%
Op Profit ₹426 Cr vs 170 Cr⬆️151%
PAT at ₹223 Cr vs (187) Cr ⬆️219%
Net Int Margins at 30-qtr high
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The bank has a strong retail funding franchise, including a stable base of NRI deposits, largely contributed by remittances from the expatriate Indian community in the Middle East.
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It has market share of approximately 5-6% in the organized segment of the global brass, steel, polyamide bearing cages in terms of revenue.