- Business
- Steelcast Limited manufactures steel and alloy steel castings using no-bake and shell molding processes in India. The company produces carbon steel, low alloy steel, high alloy steel, Hadfield manganese steel, and other wear- and abrasion-resistant grades for original equipment manufacturers in earthmoving, mining and mineral processing, railway, steel plants, cement, energy, valves and pumps, electro locomotive, oil exploration, shipping, and general engineering sectors; specific products include adapter and tooth points, front axle spindles, backhoe loader components, steering cases, coupler bodies, box-type tooth points, drag chain links, track shoe assemblies, cooler grate plates, grinding rollers, pressure plates, cylinder heads, oil field equipment such as body casings and anchor shank assemblies, segment feeders, car shredding hammers, plastic injection mold plates, and valves. Steelcast operates a manufacturing facility in Bhavnagar, Gujarat, exports to the United States, Germany, Thailand, Singapore, Denmark, Mexico, Brazil, China, South Korea, Australia, and Japan, and maintains geographic focus primarily on India with international sales representing 59% of H1 FY26 revenue. Founded in 1960 and headquartered in Bhavnagar, India, the company, formerly Steelcast Bhavnagar Private Limited, converted to public limited status in 1988. In recent developments, Steelcast reports robust Q2 FY26 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; H1 FY26 revenue grows 40% to INR 213.3 crore amid strong export demand; revises FY26 growth guidance to around 12% due to US tariff challenges and geopolitical uncertainties while targeting 20% CAGR over three years and INR 1,000 crore revenue by FY29; and plans to commission a 2.4 MW hybrid power plant by June 2026 for annual savings of INR 3.5-4 crore.