Nitin Castings Share Price

Nitin Alloys Global Ltd (Formerly known Nitin Alloys Global Limited) manufactures and sells Alloys Steel Castings. 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 has manufacturing unit at Dadra and Nagar Haveli and is having Machining and Fabrication workshop at Valsad, Gujarat. Nitin Alloys Global Ltd, a part of the Kedia group was formed on 3rd December, 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. During the year 200708, the company completed the expansion process of their increase in production capacity and commenced commercial prodcution. They entered 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.The Company installed a new pilot plant of Investment Castings with the total capacity of 10 M.T. per month, which commenced operations effective on 28th Feb 15. During 201516, the Company got into a Scheme of Arrangement, approved by Honble High Court of Bombay between Rajshila Construction Private Limited (earlier known as Nitin Castings Private Limited) and their respective Shareholders which envisaged for demerger of Castings Business Undertaking carried out by Rajshila Construction Private Limited (Demerged Company) into the Company on a going concern basis and vesting of same into Rajshila Construction Private Limited (the Resulting Company), which was made effective on 15th December, 2016.