- Business
- Incredible Industries Limited manufactures and sells iron and steel products primarily in India. The company produces rolled steel products including thermo-mechanically treated (TMT) bars such as Fe 500 SD grade, rounds, wire rods, H.B. wires, billets, and related items like linkedge, annealing, torkari, and wire nails; it also generates electricity through a 1.50 MW wind mill in Dhule, Maharashtra. Incredible Industries operates a rolling mill with 170,000 MTPA capacity in Durgapur, West Bengal, and benefits from backward integration via group companies producing sponge iron and billets.
Founded in 1979 and headquartered in Kolkata, West Bengal, the company serves infrastructure, real estate, industrial, and consumer markets mainly in eastern India with exports. It holds ISO 9001:2015, 14001:2015, and OHSAS 45001:2018 certifications and lists on BSE, NSE, and Calcutta Stock Exchange.
In May 2021, the company changed its name from Adhunik Industries Limited to Incredible Industries Limited. For fiscal year 2024 ended March 31, it reported net revenue growth of 10.7% to 82,034.72 million rupees and profit after tax increase of 21.6% to 596.80 million rupees, driven by operational efficiencies, cost management, product innovation, and market expansion; it enhanced working capital through increased limits to support production and demand. The company pursues strategic collaborations with clients, capacity expansions for larger customer orders, and sustainability initiatives amid steel sector cycles. Market capitalization doubled to 17,209.06 million rupees, reflecting investor confidence.