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INDSUR strikes Rs. 500 cr steel plates deal with Mexician firm

India Blooms News Service | | Aug 08, 2014, at 01:37 am

#INDSUR strikes Rs. 500 cr steel plates deal with Mexician firm

Mumbai/Kolkata, Aug 7 (IBNS): Indsur Group, a major producer of power infrastructure castings, auto components, thermal engineering, Thursday announced that its US-arm Indsur Stelcore Inc. has bagged an order aggregating Rs 500 crore from a Mexican firm for supply of around one lakh metric tonne (MT) of steel plates.

“Getting such a large order from Mexico amidst stiff competition from Korea and China not only proves our competitiveness but also opens up a huge market for us in Latin America, Middle East and European countries, said Amit Lodha, Director and President, Indsur Stelcore.

He added, “We are confident of making further in-roads in these lucrative markets backed by technologically superior products at competitive prices.” Indsur’s casting plant which is located in India is the largest exporter of power infrastructure castings and has a major presence in Europe.

Indsur has manufacturing plants in steel castings, auto components, pipes, steel and steel related products. These facilities are strategically located in India, UK, and US. It is also setting up a large casting plant in Saudi Arabia. The group recently acquired its second thermal engineering unit, CDA Contracts through its UK arm Indsur Nevron. In order to support and further strengthen its export and other business activities has also recently opened its UK-headquarters in Liverpool.

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