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History of Nelcast Ltd.

Overview

Our Comp. was incorporated on 7 June, 1982 as Nelcast Private Limited at Nellore, AP under the Companies Act, 1956 vide Registration No. 01-3518. Subsequently, it was converted into a public limited company & the name was changed to Nelcast Limited on 20 September, 1995. The Registered Office of Comp. which was originally located at 24/398, Dargamitta, Nellore, was shifted to the present location at 34, Industrial Estate, Gudur 524 101 on 12 July, 1994. We also have a corporate office in Tamil Nadu located at 159, TTK Road, Alwarpet, Chennai.

Promoted by Mr.P.Radhakrishna Reddy, Nelcast is engaged in the manufacture of castings that find application in the Automobile sector such as engine, transmission, suspension, axle, brake, steering, housings etc., farm equipment industry, railways & pipe fitting industries.

The first unit set up in Gudur, AP, with an installed capacity of 1200 MT pa for manufacturing ductile iron parts, commenced commercial production in the year 1985, to serve as an ancillary unit to meet the requirements of Ashok Leyland limited Subsequently, it started to cater to the requirements of farm equipment manufacturers & other heavy commercial vehicle manufacturers like Tata Motors, Mahindra and Mahindra, Tata Cummins, Tafe, to name a few. In less than a decade, the unit was awarded ISO 9002-1994 / EN ISO 9002-1994 Quality certification by Indian Register Quality Systems, which was valid from 23 August, 1995 to 11 September, 2001

In the year 1996, a new manufacturing unit was established in Ponneri, Tamil Nadu with an installed capacity of 12,000 MT pa, for manufacture of Grey Iron & Ductile Iron parts, wherein the state-of-the-art machine shop, consisting of CNC & special purpose machines, & the Kunkel Wagner Moulding line were installed. Both the units have a distinct locational advantage of having proximity to the Chennai Port & also being well connected by both the railways & roadways.

In the year 2001, the units were awarded the QS 9000:1998 Quality certification by Underwriters Laboratories Inc., Melville, New York, USA for motor vehicle parts & accessories, which was valid from 10 January, 2001 till 10 January, 2006 & then again ISO/TS 16949:2002 Quality certification for grey & ductile iron foundries, in the year 2005, valid till date. In the year 2003 a subsidiary Nelcast USA Inc. was set up in the USA for managing the marketing, customer care service & coordinating with the overseas clients of Nelcast, particularly those located in the US.

After witnessing three consecutive years of growth by over 50% in turnover [2003, 2004 & 2005s], the year 2006 saw the Company turnover cross Rs.25,000 lakhs & winning the Best Vendor Award from Tafe Limited & also the Outstanding Supplier Award from Eicher Motors Limited.

Today, the combined manufacturing capacity of both the manufacturing units stands at 72,000 MT p a, geared to reach 1,02,000 MT pa by end of current financial year. Apart from servicing the domestic requirement, the Company is also exporting to USA, Europe & Australia.

Milestones

Year Event

1985 First unit in Gudur - Commenced Commercial production. Supply to HCV manufacturers.

1990 Started supply to farm equipment manufacturers.

1994 ISO 9002 Quality Certification awarded to the unit at Gudur, valid till the September, 2001.

1995 Exports to US commenced.

1996 New Unit in Ponneri Started Commercial production.

1997 Turnover crossed Rs.5000 lakhs.

2000 State of art machine shop consisting of CNC machines & special purpose machines commissioned at the plant at Ponneri.

2001 * State of art Kunkel Wagner Moulding Line, installed at the Ponneri Unit. * Exports to Australia commenced. *QS 9000 Quality certification received for both the units, valid till January, 2006.

2003 * Wholly Owned Subsidiary Nelcast USA Inc., incorporated in USA * Turnover crossed Rs.10,000 lakhs.

2004 Exports to Europe commenced

2005 *Turnover crossed Rs.20,000 lakhs. * TS 16949 Quality certification received. * Third consecutive year of growth in turnover by 50%.

2006 * Turnover crossed Rs.25,000 lakhs. * Exports cross USD 5 Million. * Awarded the best vendor award by Tafe limited & outstanding supplier by Eicher Motors Limited.

2008

- Nelcast bags exports orders of Rs 40 cr from European manufacturer Completes Phase i Expansion Plan at its new unit at Gudur.