Expansion29 Jul 2026, 05:31 pm
Steelcast Board Approves ₹120 Cr Greenfield Foundry Expansion
AI Summary
Steelcast Limited's Board of Directors has approved the establishment of a new Greenfield Foundry with an 8500-ton capacity, adding to its existing 29000-ton capacity. This expansion, estimated at ₹120 Crores, is planned over two years and aims to meet increasing customer demand. The company also declared a first interim dividend of ₹0.45 per equity share for FY 2026-27, with a record date set for August 7, 2026. The board also took on record the Unaudited Standalone Financial Results for the quarter ended June 30, 2026.
Key Highlights
- Approved ₹120 Cr Greenfield Foundry expansion with 8500-ton capacity.
- Expansion to be completed within 2 years, funded by internal accruals.
- Declared first interim dividend of ₹0.45 per share for FY 2026-27.
- Record date for dividend fixed as August 7, 2026.
- Unaudited Q1 FY27 financial results approved.
Price Impact
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