Steelcast has secured approval to set up Greenfield Foundry with a capacity of 8500 Tons towards the addition to the existing installed capacity of 29000 Tons. The investment required for the said capacity addition is around Rs 120 crore and will be funded through internal accruals. The proposed capacity is to be added by March 31, 2028. The Board of Directors of the company at its meeting held on July 29, 2026, has approved the same.
The capacity addition is aimed at catering the increasing demand from customers. Though the present capacity utilization is 63% based on the projected capacity utilization of Financial Year 2026-27, the company plans to reach 90% capacity utilization by March 31, 2029 and hence the company is initiating this capacity expansion by 8500 Tons which is about 30% of the existing installed capacity.
Steelcast has been recognized as a leader in their principal product line of high integrity castings.
