Shares of Mishra Dhatu Nigam hit a 52-week high of Rs 435.85 on 4 September after the company had announced that it had supplied specialised materials for ISRO’s recently launched Aditya-L1.

The company, in an exchange filing, said, “Mishra Dhatu Nigam’s critical materials have been used in the Aditya-L1 launcher vehicle PSLV-C57. It was built with the company manufactured critical materials like Ti-6Al-4V titanium alloy, C-103 niobium alloy, superco 605 cobalt alloy, ultra high strength steel,”

The company added that the materials supplied were used in the launcher vehicle’s parts, such as tank and gas bottles, thrust chambers and straps on the motor case and base rings.

The company is a state-owned company under the Ministry of Defence and engages in the business of manufacturing high-performance superalloys, titanium alloys, and high-strength steel.

During the April-June quarter, the company recorded a 63.47% YoY increase in its revenue from operations at Rs 188 crore, with a 5.5% YoY increase in its net profit at Rs 19 crore.

At 3:30 p.m., The shares of Mishra Dhatu Nigam closed at Rs 425 or 3.34% above its previous close on NSE.