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Nitin Castings Ltd Castings, Forgings & Fastners
(%)
  • NSE
  • BSE

Overview

  • BSE Code 508875
  • NSE Symbol
  • ISIN Demat INE861H01020
  • Book Value (₹) 160.62
  • Face Value (₹) 5.00
  • Market Cap (₹ Cr.) 299.48
  • P/E (TTM) 24.13
  • EPS (TTM) 24.14
  • Div Yield (%) 0.00

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About Nitin Castings Ltd

Nitin Alloys Global Ltd manufactures and sells alloys steel castings in the range of static and centrifugal in India. The company offers centrifugal castings for applications in various industries, such as fertilizers and petrochemicals, industrial furnaces, steel plants, sponge iron plants, and pig iron plants; and high alloy steel castings for heat and corrosion resistant applications. The company is based in Mumbai, India.

The company is part of the Kedia group. The ISO 9001:2000 certified company has their foundry located at Silvassa in the Union Territory of Dadra & Nagar Haveli manufacturing all grades of steel, wear-resistance steel, stainless steel and heat-resistant steel castings with an installed capacity of 3,000 MTPA

Nitin Alloys Global Ltd was formally created and deployed as a legal entity in the year 1982 with the name Aditya Leasing Ltd. The name of the company was changed from Aditya Leasing Ltd to Nitin Alloys Global Ltd with effect from June 6, 2006 to reflect correct picture of company's operations and their scope of activities.

During the year 2007-08, the company completed the expansion process of their increase in production capacity and commenced commercial prodcution. They broadened its footprint operations into into the field of manufacturing of Centrifugal Castings by increasing their product range. Thus, the production capacity of Alloy Steel Castings (Static & Centrifugal) increased from 1,200 MT to 3,000 MT.

Founded: 1982
Chairman: Nitin S Kedia
Managing Director: Nitin S Kedia
Address: 202 2nd Flr Sanjay Building, No 3 Sir M V Road Andheri (E), Mumbai, Maharashtra, 400059,