- Business
- Walchandnagar Industries Limited (NSE: WALCHANNAG) manufactures heavy engineering equipment and provides engineering, procurement, and construction (EPC) services for strategic sectors including defence, nuclear power, aerospace, oil and gas, and industrial applications; core products encompass gears and gearboxes, centrifugals, castings and gauges, pressure vessels, heat exchangers, reactors, drums and columns, missile systems, nuclear components, co-generation boilers, sugar plant machinery, cement plant equipment, and material handling systems. The company operates primarily in India with export activities to international markets such as Colombia and serves customers including ONGC, HPCL, BPCL, GAIL, IOC, and nuclear power projects. Founded in 1908 by Walchand Hirachand Doshi and headquartered in Pune, Maharashtra, with registered offices in Mumbai, Walchandnagar Industries functions through segments of heavy engineering, foundry and machine shop. In March 2025, the company approved the acquisition of a 60.3% stake in Aicitta Intelligent Technology Private Limited for up to INR 16 crore in multiple tranches over 31 months, positioning Aicitta as a wholly-owned subsidiary to bolster defence capabilities in unmanned systems and autonomous technologies. Walchandnagar Industries maintains ISO 9001:2015 certification and employs advanced manufacturing processes compliant with codes such as ASME Section VIII and TEMA.