Incorporated in February, 1972, Welcast Steels Ltd (WSL) manufactures and markets a wide range of High Chrome Grinding Media Balls which are used in the process of Crushing/Grinding in the Cement, Mining and Thermal Power Plants. At present, the Company's manufacturing capacity is 42,000 p.a. of High Chrome Grinding Media Balls.
The Company employs alloy-casting process for manufacture of the products, which require designing of alloys in relation to end application. The casting process is followed by precision heat treatment to develop required end properties. Therefore, Company can generally be classified as a foundry. Since the Company's products are used in the cement, mining and thermal power plants, the market prospects are linked with the requirement of these industries.
The I ...ndian Cement Industry has been facing excess capacity in the recent past due to sluggish demand. The Cement Industry, having grown its capacity upto 300 Million Tonnes P.A. got into a phase of consolidation with the new capacity additions having slowed down.
Apart from these, the Company services the cement, mining industries and thermal power plants in India. It is also servicing the replacement and new capex requirements of coal fired thermal power plants and thus directly catering to the power sector.
During 96-97, the company has upgraded its heat treatment technology. It has entered into technical collaboration with Magotteaux International, Belgium, for manufacturing grinding media of international standard for the mining industry to boost its exports.
The Company increased the manufacturing capacity, resulting an expansion by 42,000 tons p.a. in 2005-06.
The Cement Industry has practically use the High Chrome consumable wear parts, whereas in the mining industry migration from the use of conventional method using forged grinding balls to the use of High Chrome Grinding Media is still in progress. Estimated annual consumption of Grinding Media for the mining segment is 2.50 million tons with around 20% of the same migrating from the conventional usage of forged castings to High Chrome.
1. Can I buy Welcast Steels Ltd from PL Capital? ›
Yes, you can invest in Welcast Steels Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Welcast Steels 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 Welcast Steels Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Welcast Steels Ltd pay dividends? ›
Welcast Steels Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Welcast Steels Ltd ? ›
As of
15-10-2025 the share price for Welcast Steels Ltd. is 990 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Welcast Steels Ltd ? ›
The 52-week high and low of Welcast Steels Ltd share price is ₹ 970 - ₹ 1568 as of
15-10-2025 .
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