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Steelcast enters into long term pact with Caterpillar

22 Mar 2012 Evaluate

Steelcast, India’s leading steel casting manufacturer has entered into a unique long term agreement with the $60 billion Caterpillar Inc. Under this agreement, the company will set up dedicated manufacturing facility where steel casting products with specifications given by the US major will be made.

With 2011 sales and revenues of $60 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.

Steelcast caters to earthmoving equipment manufacturers, heavy electrical equipment manufacturers, mining, mineral processing equipment manufacturers, OFE valve manufacturers, general engineering equipment manufacturers and end users like cement plants, mining and mineral processing units, thermal power plants and steel plants.

Peers
Company Name CMP
AIA Engineering 3920.55
Alicon Castalloy 729.70
Nelcast 118.55
PTC Industries 21791.30
Synergy Green Inds. 639.15
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