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Mishra Dhatu Nigam, Tubacex sign MoU

17 Jan 2019 Evaluate

Mishra Dhatu Nigam and Tubacex have signed a memorandum of understanding (MoU) to pursue a collaborative business model with the intention to develop and analyse potential joint business developments both for India and for other regions, based on their complementary manufacturing technologies for Power Generation and Oil & Gas applications.

This agreement would allow the joint development of advanced materials for the energy sector, contemplating technological alliances and the promotion of local manufacturing capacities.

Tubacex is a multinational group with its headquarters in Alava, Spain and a global leader in the manufacture of stainless steel and high-alloyed tubular products

Mishra Dhatu Nigam is the prime specialized metals and metal alloys manufacturing facility in India, located at Hyderabad, Andhra Pradesh.

Peers
Company Name CMP
JSW Steel 1270.00
Tata Steel 183.55
Steel Authority 175.60
Jindal Stainless 743.65
APL Apollo Tubes 2182.60
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