Indsur group bags Rs 500-crore steel plates contract from Mexican firmet

KOLKATA: Mumbai-based Indsur Group, which produces power infrastructure castings, auto components, thermal engineering, today announced that its US-arm Indsur Stelcore Inc. has bagged a Rs 500- crore order from a Mexican firm for supply of around one lakh tonne (MT) of steel plates.

"Getting 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," Amit Lodha, director and president, Indsur Stelcor said. 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 in India is one the largest exporters of power infrastructure castings and has a major presence in Europe. Indsur has manufacturing plants for steel castings, auto components, pipes, steel and steel related products strategically located in India, the UK, and the 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.