SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Nelcast's board approves Phase II of expansion project in Andhra Pradesh

14 Feb 2018 Evaluate

Nelcast’s board has approved Phase II of the expansion project in Andhra Pradesh. The board of directors at their meeting held on February 14 has approved the same.

The investment for the Phase II facility would be around Rs 114 crore. The capacity of the Phase I is 18000 MT per annum and Phase II is 36000 MT per annum. The means of financing would be predominantly from Internal Accruals and balance by debt/equity.

The commercial production of the first phase is expected by end of September 2018 and second phase by September 2019. The manufacturing facility is designed with most advanced technology in terms of better productivity and quality.

Nelcast is India's largest producer of Ductile Iron Castings and a leading producer of Grey Iron Castings. The products cater to the Global Automotive, Tractor, Construction, Mining, Railways and General Engineering sectors.

Nelcast Share Price

130.30 -6.20 (-4.54%)
23-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
AIA Engineering 4081.65
Alicon Castalloy 697.90
Nelcast 130.30
Steelcast 290.65
Synergy Green Inds. 543.80
View more..

About MoneyWorks4Me

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.

Our Vision

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.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×