Business Update12 May 2026, 01:46 pm
ZF Steering: Metacast Auto to Expand Capacity to 25,000 MTPA
AI Summary
ZF Steering Gear India Ltd announced that its subsidiary, Metacast Auto Private Limited, will expand its casting capacity from 10,000 metric tonnes per annum to 25,000 metric tonnes per annum. This expansion will be achieved through the installation of an additional production line with an investment of approximately ₹25 crore, primarily funded through borrowings. The company also approved the re-appointment of Mr. Dinesh Munot as Chairman and Whole-Time Director and Mr. Utkarsh Munot as Managing Director.
Key Highlights
- Metacast Auto to increase casting capacity from 10,000 to 25,000 MTPA.
- Expansion entails an investment of approximately ₹25 crore.
- Dinesh Munot re-appointed as Chairman and Whole-Time Director.
- Utkarsh Munot re-appointed as Managing Director.
- Audited standalone and consolidated financial results approved for FY26.