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.
| Company Name | CMP |
|---|---|
| AIA Engineering | 4081.65 |
| Alicon Castalloy | 697.90 |
| Nelcast | 130.30 |
| Steelcast | 290.65 |
| Synergy Green Inds. | 543.80 |
| View more.. | |
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