Foseco India Limited is a global leader in providing foundry consumables and solutions, emphasising consistency and productivity in the foundry process. By leveraging advanced solutions and computer simulation techniques, Company empowers foundries to reduce casting defects and enhance product quality. Foseco's products are designed to minimise labour-intensive fettling and machining, optimise metal usage, and automate critical processes such as moulding and casting. Founded in 1958, Foseco India Limited has over six decades of experience and has earned a reputation for sustainability, safety, and social responsibility alongside its technical and engineering expertise.
Foseco India Limited, incorporated on March 22, 1958 is a world leader in the supply of foundry consumables and solutions. The foundry process is highly sequential and critically dependent on consistency of product quality and productivity optimisation. Their solutions and advanced computer simulation techniques allow foundries to reduce casting defects such as pinholes, shrinkage cavity, inclusions, scabbing, penetration or veining. Hence the Foseco products reduce labour-intensive fettling and machining, minimise metal usage requirements, influence the metal solidification process and automate moulding and casting, thus reducing cost, energy usage and mould size.
The Company is the Foundry Technologies Division of Vesuvius Group Plc. engaged in supporting the development of global steel and foundry manu ...facturing processes with new technologies. The Company has manufacturing capabilities in all the main steel and foundry markets as leader in supply of consumable products and solutions.
The Company is engaged in the manufacture of products used in the metallurgical industry. Foseco offers essential components for foundries, acknowledging the critical role of molten metal conditioning, mould characteristics, and metal flow design in determining casting quality and overall foundry efficiency.
Foseco India, a JV company between Greaves of India and Foseco of UK was incorporated in March 22, 1958 as Greaves Foseco. The technical collaborator Foseco UK holds 66.5%(as on March 31, 2003) stake in the company.
The manufacturing activities of the Company are located at Sanaswadi and Puducherry. The range of foundry consumables and equipment for iron, steel and non ferrous foundries includes insulating and exothermic feeding systems, filters for liquid iron, steel and aluminium, direct pour technology, solidification simulation software, non ferrous metal treatment and degassing systems, metal stream inoculation, advanced coatings, environmentally friendly binders, lining systems for ladles and furnaces as well as energy saving crucibles. Apart from these, the conditioning of molten metal, the nature of mould used and, especially, design of the way metal flows into the mould are key parameters in a foundry, determining both the quality of the finished castings and the labour, energy and metal usage efficiency of the foundry. The products and associated services to foundries improve these parameters.
The Company's market covers integrated steel plants like SAIL and TISCO, mini mills like Mukand, Kalyani and Musco; and foundries like Ennore Foundries, Lakshmi Machine Works, etc. It exports products mainly to Middle East, Far East, Sri Lanka, Nepal, Kenya, Ghana, Bangladesh, Singapore & Taiwan.
Foseco ceased all manufacturing and trading activities at Chinchwad from 28th Dec.'99. During 1999-2000, the company has completed the largest project of Navodaya business transformation programme whose charges incurred was Rs.295 lacs along with the final closure of the Chinchwad manufacturing site foundry division.
During March 2000 Burmah Castrol plc was acquired by BP Amoco Plc and in accordance with SEBI Takecover code BP Amoco plc via Burmah Castrol plc a subsidiary company,made a open offer to the public and has acquired 1277292 shares of Foseco India Ltd.
In 2002, the Company increased its installed capacity of Metallurgical Chemicals by 570 Tonnes. With this Capacity Expansion, the total installed capacity of Metallurgical Chemicals increased upto 24830 Tonnes.
FAQs on Foseco India Ltd
1. Can I buy Foseco India Ltd from PL Capital? ›
Yes, you can invest in Foseco India Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Foseco India Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Foseco India Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Foseco India Ltd pay dividends? ›
Yes, Foseco India Ltd has a consistent history of rewarding its shareholders through dividend payouts. Dividend frequency and amounts vary depending on the company’s financial performance and board approvals. Investors holding Foseco India Ltd shares on the record date announced by the company are eligible to receive dividends directly into their bank accounts linked with their Demat holdings.
3. What is the current share price of Foseco India Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Foseco India Ltd. is ₹ 4769.6 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Foseco India Ltd ? ›
The 52-week high and low of Foseco India Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
