- Business
- ISMT Limited ISMT Limited (ISMTLTD.NS) manufactures seamless tubes and engineering steels in India. The company produces carbon, alloy, and martensitic stainless steel bars, emphasizing ultra-clean steels, free machining steels, bearing steels, and specially engineered grades; seamless tubes ranging from 6 to 273 mm OD for applications in auto-components, bearing races, drill rods, and boilers; and International Piping Products (IPP) including cold rolled and machined bearing rings, cages for constant velocity joints, swaged and machined axles for trucks, honed tubes for cylinders, piston pins, bushes, spacers, API couplings, gear blanks, and precision machined components. It also offers ISMT 360 solutions for original equipment manufacturers, small and medium-sized enterprises, and retailers, serving industries such as automotive, bearings, oil country tubular goods, hydraulic and pneumatic cylinders, gear manufacturing, engines, wind power, mining, general engineering, and energy. Founded in 1977 and headquartered in Pune, Maharashtra, ISMT Limited operates primarily in India with exports and maintains manufacturing facilities including plants in Ahmednagar. In August 2024, ISMT Limited merged with Kirloskar Ferrous Industries Limited following National Company Law Tribunal approval in July 2024, enhancing synergies, operational efficiency, product portfolio, market reach, and financial strength under shared leadership; additionally, it secured ₹343 crore contracts from ONGC in April 2024 for product supply and reported Q3 FY24 profit growth of 114% year-over-year in January 2024.