Injection moulding, debinding, sintering and heat treatment of Ni-Cr-Si-B alloy powder of high hardness value have been studied. A binder system comprised of two polymers, a major component of water soluble polyethylene glycols (PEGs) and a minor component of very finely dispersed polymethyl methacrylate (PMMA) derived from an emulsion was employed. Mixing of a number of different feedstocks was carried out manually. Following the identification of the optimum binder composition (20 wt. % PMMA, 80 wt. % PEGs) and solid loading (65 Vol. %), several test specimens were injection moulded for further processing. The PEGs were removed by leaching with water. The PMMA was removed by pyrolysis, prior to the sintering stage. Samples were sintered to ~ 99 % of theoretical density. With careful control of the various processing parameters, including sintering temperature and time, cooling rate and heat treatment conditions, good mechanical properties including high hardness of HR_C ~57 were attained. In an attempt to reduce the process cycle time, the sintering ramp was modified to include solutionising and oil-quenching in a single sintering cycle. The hardened samples were tempered at temperatures from 250 to 350 °C for 2 hours. Scanning electron microscopy was used to reveal the micro-structural changes during various sintering and heat-treatment stages.