Hinduja Foundries has decided to close its Ductron Castings Unit located near Hyderabad. This step has been taken pursuant to the restructuring initiative undertaken to improve the company’s overall profitability and performance, which was accepted substantially by all the employees of the unit. The forging company has been asked by Telangana to surrender the land allotted to it for a Greenfield project in Medak district.
Hinduja Foundries was established in 1959, when the Indian automotive industries started growing. Hinduja Foundry is the first largest automobile-jobbing foundry in India and is part of Hinduja Group.
| Company Name | CMP |
|---|---|
| AIA Engineering | 3970.80 |
| Alicon Castalloy | 745.25 |
| Nelcast | 160.00 |
| Steelcast | 287.55 |
| Synergy Green Inds. | 581.55 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: