Raw material import dependence
Titanium sponge is largely imported from Eastern Europe, exposing the company to geopolitical and supply chain risks.
MISHRADHATUNIGAM / Q3-FY26 / risks
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Mishra Dhatu Nigam · Material risks, their source context, and severity in the latest available quarter.
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Risk intelligence
Material risks this quarter
high
Execution of capex plan
The ambitious capex plan to double revenue is still in DPR stage; delays or cost overruns could impact growth trajectory.
Utkarsh Dhatu Nigam JV closure
The JV with NALCO for aluminium alloys has been recommended for closure due to viability issues, limiting diversification.
Competition in bulletproof jackets
Multiple players are vying for the ₹10,000 crore AB jacket tender; Midhani's win rate is uncertain.