Midhani should focus on power sector which is coming up with natural resources for their special steel requirements, said Vice-Admiral D.S.P. Verma, Director-General of ATVP, a naval establishment.
Inaugurating the 8th customer meet here today, Mr Verma said Midhani's expansion and modernisation have been scientifically taken up based on customer feedback. For the past decade, the special materials and products produced by the public sector undertaking are meeting the stringent demands of the strategic sector.
“We call our customers as partners since the partnership is not just in terms of monetary returns but our partnership is one of technology partnership, strategic partnership and financial partnership” said Mr M. Narayana Rao, Chairman and Managing Director, Midhani while addressing the customers.
Market-driven company
Midhani is now moving from a technology-driven, planning-driven company to a market-driven company and is also investing about 50 per cent of its reserves on R&D to eventually supply final products rather than mill forms.
The one-day customer meet titled “Strengthening Partnership” has been attended by over 75 delegates representing various sectors of Indian strategic industry including space, defence and nuclear as well as industry such as BHEL, NPCIL etc.