Nelcast has received approval for the proposal for setting up a Machining Division at Gudur, Andhra Pradesh, for machining of the company's castings involving an investment of around Rs 75 crore. The project is expected to enhance the company's value-added machining capabilities and cater to the requirements of its customers. The project is proposed to be funded through a combination of internal accruals and borrowings. The Board of Directors of the company at their meeting held on October 5, 2026, has approved the same.
Nelcast is the largest Jobbing Foundry in India for the manufacturing of Ductile & Grey Iron Castings. The company’s products cater to the Global Automotive, Tractor, Construction, Mining, Railways and General Engineering sectors.
