- Business
- Inducto Steels Limited Inducto Steels Limited engages primarily in ship breaking and recycling activities at its yard in the Alang-Sosiya belt of Bhavnagar, Gujarat, India; it manufactures M.S. ingots, steel semi-finished billets, and steel castings; and trades metal scrap, coals, aluminum foil, graphite electrodes, and other industrial inputs, alongside investment activities in shares and securities. Incorporated in 1988 and headquartered at 156 Maker Chambers VI, Nariman Point, Mumbai, the company operates as part of the Hariyana Group, which consolidates ship breaking and steel trading through entities including Hariyana Ship Breakers Limited, Hariyana Ship Demolition Private Limited, and Hariyana International Private Limited. Its operations span Gujarat for ship demolition on Gujarat Maritime Board-leased premises of 2,385 square meters with 45-meter frontage, targeting scrap metal and steel markets domestically. In recent developments, Inducto Steels Limited plans investments to expand production capacity and enhance technological infrastructure as of 2024; it reported consolidated net sales of Rs 21.72 crore for the quarter ended September 2025, reflecting a 52.94% decline amid subdued shipbreaking industry conditions with only one vessel under demolition; and scheduled its 37th Annual General Meeting for September 30, 2025, alongside routine board approvals for financial results in August and November 2024.