Mishra Dhatu Nigam Limited (MIDHANI) and TUBACEX signed a memorandum of understanding (MoU) here to pursue a collaborative business model with the intention to develop and analyse potential joint business developments both for India and for other regions, based on their complementary manufacturing technologies for Power Generation and Oil & Gas applications. This agreement would allow the joint development of advanced materials for the energy sector, contemplating technological alliances and the promotion of local manufacturing capacities.