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Steelcast to invest Rs 107 crore for capacity expansion

26 Apr 2012 Evaluate

Steelcast, India’s leading steel casting manufacturer is planning to invest about Rs 107 crore for expanding and up-grading capacities so as to cater to the surge in demand coming from the domestic as well as global markets. With nearly 45% of its sales coming from exports, Steelcast is expecting strong growth in orders from the USA and Europe mainly.

The major part of the investments, which is about Rs 65 crore, will be used in expanding production facilities at its Bhavnagar plant in Gujarat. In the first phase the steel castings manufacturing capacity will be raised to 30,000 tonnes per annum (tpa) in 2012-13 from 24,000 tpa as of March 31, 2012. In the second phase, production capacity will be increased to 38,000 tpa in 2013-14.

The company will spend about Rs 25 crore on machining activities. It will spend another Rs 10 crore on equipment for energy conservation and about Rs 6.5 crore on environment and pollution control measures.

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.

Steelcast Share Price

295.55 2.95 (1.01%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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Alicon Castalloy 684.70
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Steelcast 295.55
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