Midwest gains on signing MoU with PT Perusahaan Mineral Nasional

Midwest Ltd. | Ceramics/Marble/Granite/Sanitaryware | Construction & Infrastructure | BSE: 544587 | NSE: MIDWESTLTD

08 Jul 2026 Evaluate

Midwest is currently trading at Rs. 1360.85, up by 13.80 points or 1.02% from its previous closing of Rs. 1347.05 on the BSE.

The scrip opened at Rs. 1413.95 and has touched a high and low of Rs. 1413.95 and Rs. 1339.05 respectively. So far 1079 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 1856.60 on 08-Jan-2026 and a 52 week low of Rs. 1048.65 on 28-Oct-2025.

Last one week high and low of the scrip stood at Rs. 1413.95 and Rs. 1278.90 respectively. The current market cap of the company is Rs. 4920.94 crore.

The promoters holding in the company stood at 77.13%, while Institutions and Non-Institutions held 18.16% and 4.71% respectively.

Midwest, together with Midwest Energy and the Non-Ferrous Materials Technology Development Centre (NFTDC), has signed a Memorandum of Understanding (MoU) with PT Perusahaan Mineral Nasional (Persero) (PERMINAS), Indonesia's state-owned strategic minerals enterprise. This MoU establishes a framework for the parties to evaluate potential collaboration across the rare earth value chain in Indonesia, including upstream exploration and resource assessment, mining, processing, extraction, refining and downstream manufacturing in general and rare earth magnet production in particular.

This step reinforces Midwest's ongoing strategy to build a meaningful presence across the rare earth value chain, complementing its existing initiatives in the sector. It marks its first structured collaboration with a Southeast Asian state-owned strategic minerals enterprise. Under the terms of this MoU, the parties shall establish a joint working group to plan and monitor the project implementation.

Under the MoU, Midwest, Midwest Energy, and NFTDC will collaborate as a consortium, contributing complementary areas of expertise: Midwest will contribute expertise in exploration, mine planning, environmental studies, mining and mineral processing operations, and the extraction and separation of rare earth elements. While Midwest Energy will provide technology and operational expertise in establishing rare earth magnet manufacturing plant, NFTDC will provide technology, technical expertise and services across the value chain. PERMINAS will provide access to critical minerals and rare earth resources for Joint Development in Indonesia.

Midwest is India's largest producer and exporter of Black Galaxy Granite, a premium variety of granite, which has a sparkling feature with flakes of a golden hue. It is used in real estate projects for applications including countertops and vanities, flooring, cladding, bathroom walls and floors.

Midwest Share Price

1294.85 -52.20 (-3.88%)

08-Jul-2026 16:59 View Price Chart

Peers

Company Name	CMP
Kajaria Ceramics	1192.15
Somany Ceramics	507.75
Cera Sanitaryware	6273.35
Asian Granito India	48.69
Orient Bell	312.30
View more..

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