- Steelcast Limited (NSE: STEELCAS) approved an 8,500‑ton capacity addition, lifting total plant capacity to 37,500 tons – about a 30 % increase.
- The expansion will be funded entirely from ₹ 1,200,000,000 (≈ ₹ 120 Crores) internal accruals, avoiding new debt or equity.
- Utilisation is projected to climb from 63 % to 90 % by 31 Mar 2029, improving operational efficiency.
- Implementation spans 2 years, with the added capacity slated for completion by 31 Mar 2028.
Steelcast announced a modest, internally funded capacity expansion aimed at boosting utilisation to 90% by FY2029. The market is likely to view this positively, nudging the share price up modestly in the near term. Confidence in the estimate is moderate.
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Forecast from comparable, historic events. Not investment advice.
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