Steelcast has signed a long-term supply agreement with a large Original Equipment Manufacturer (OEM) in USA, to supply steelcastings for the North American Rail-road industry. This new agreement will help the company to further consolidate its position in overseas market. Amidst a challenging environment, the entry into North American rail-road industry will help the company to de-risk the business and will generate additional revenues for the company.
The steelcastings covered in the agreement are in advance stage of development and will have potential volumes of Rs 75 crore per year in 2-3 year’s time.
Steelcast is engaged in casting manufacturing business.
