Nelcast is planning to raise funds/issuance of securities through public or private placement including but not limited to qualified institutions placement (QIP) or through any permissible mode. The board of directors of the company at their meeting on May 27, 2019 will consider the same.
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.
