- Business
- Steelcast Limited, founded in 1960 and headquartered in Bhavnagar, Gujarat, India, manufactures and sells steel and alloy steel castings using no-bake and shell molding processes; its core products include austenitic manganese steel castings such as adapter and tooth points, box type tooth points, track shoe assemblies, and drag chain links for earthmoving and mining equipment; carbon, low alloy, high alloy, and high chromium wear-resistant castings such as front axle spindles, steering cases, coupler bodies, cooler grate plates, grinding rollers, blow bars, cylinder heads, and pressure plates for steel plants, cement plants, valves, pumps, and general engineering; as well as specialized components like oil field equipment body casings, anchor and shank assemblies, segment feeders, car shredding hammers, plastic injection mold plates, and electro locomotive parts. The company serves original equipment manufacturers across diverse sectors including earthmoving, mining and mineral processing, railways, steel plants, cement, energy, valves and pumps, electro locomotives, aerobridges, oil exploration, shipping, and general engineering, with operations focused in India and exports to over 15 countries such as the USA, Germany, Thailand, Singapore, Denmark, Mexico, Brazil, China, South Korea, and Japan. In recent developments, Steelcast reported robust Q2 FY26 financial results with revenue up 42% year-over-year to INR 106.7 crore, EBITDA up 62% to INR 34.2 crore, and net profit up 75% to INR 23.2 crore, reflecting H1 FY26 export sales at 59% of revenue amid new component developments in ground-engaging tools and construction segments; it plans to commission a 2.4MW hybrid power plant by June 2026 for annual savings of INR 3.5-4 crore, while navigating US tariff risks through geographic diversification into Europe, Brazil, Singapore, and Japan, and de-emphasizing slower defense tenders.