About Megatherm Induction Limited Ipo
Megatherm Induction Limited is a subsidiary of Megatherm Electronics Private Limited. It is engaged in a business of manufacturing induction heating and melting products. The company also manufactures upstream and downstream equipment. Also, the machinery for steel works such as transformers, ladle refining furnaces, continuous casting machines, fume extraction system etc. The company services portfolio includes turnkey solutions for steel plants which involves design, engineering, supply, commissioning of steel melt shops. The key market areas of company products are secondary steel producers involved in scrap recycling. It is a primary steel producers involved in conversion of iron ore into sponge iron and subsequent conversion into steel through induction meeting. The other key market areas are Auto ancillaries, Ordnance factories and Railways. Company’s manufacturing facility is equipped with the requisite infrastructure including machinery and testing laboratory and other handling equipment to facilitate a smooth manufacturing process. To ensure the efficiency of the products, the company has designed and established testing at the different levels of production. To ascertain the sustainability of their raw materials, they have an in-house testing laboratory. Megatherm Induction Limited exports its products to South America, Africa, Southeast Asia, the Gulf region and Europe.
