Steelcast Approves ₹31 Cr Capacity Addition, Declares Interim Dividend
Steelcast Limited's Board of Directors, in their 297th meeting on November 13, 2026, approved a further additional investment of ₹31 Crores (₹310,000,000) towards capacity addition of 3250 Tons in their Greenfield Foundry. This expansion is driven by increasing customer demand, with the company anticipating reaching 90% capacity utilization by March 2029. The total investment in capacity addition now stands at ₹151 Crores (₹1,510,000,000), with a total capacity of 40,750 Tons. Additionally, the Board declared a Second Interim Dividend for FY 2026-27 at Rs. 0.45 per equity share, with November 20, 2026, set as the record date. The company also took on record the Unaudited Standalone Financial Results for the quarter and half-year ended September 30, 2026.
Key Highlights
- Board approves additional ₹31 Cr investment for 3250 Tons capacity expansion.
- Total capacity to reach 40,750 Tons with ₹151 Cr total investment.
- Second Interim Dividend declared at ₹0.45 per share.
- Record date for dividend set as November 20, 2026.
- Unaudited financial results for Q2 FY27 approved.
Price Impact
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