Mishra Dhatu Nigam has raised Rs 50 crore through the allotment of commercial papers (CPs) having face value of Rs 5 lakh to Axis Bank on private placement basis. The tenure of the CPs is 90 days. The aforesaid CPs shall be listed on BSE.
Mishra Dhatu Nigam is the prime specialized metals and metal alloys manufacturing facility in India, located at Hyderabad, Andhra Pradesh.