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Steelcast signs long-term supply agreement with large OEM in USA

06 Dec 2021 Evaluate

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.

Steelcast Share Price

295.55 2.95 (1.01%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
AIA Engineering 3958.20
Alicon Castalloy 684.70
Nelcast 141.10
Steelcast 295.55
Synergy Green Inds. 514.80
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