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AIA Engineering’s arm to close Grinding Media manufacturing facility at Bangalore

01 Sep 2020 Evaluate

AIA Engineering’s subsidiary Company -- Welcast Steels (WSL) has decided to permanently close its Grinding Media manufacturing facility at its plant located at Peenya Industrial Area, Bangalore. There will be no adverse effect of the above closure by WSL, as the Company has enough surplus capacity to meet its requirement.

AIA Engineering, a certified ISO 9001 company, specialises in the design, development, manufacture, installation and servicing of high chromium wear, corrosion and abrasion resistant castings used in the cement, mining and thermal power generation industries.

Peers
Company Name CMP
AIA Engineering 3614.80
Alicon Castalloy 844.40
Nelcast 128.80
PTC Industries 24626.30
Synergy Green Inds. 560.00
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