Nelcast has received letter of indent worth Rs 40 crore from European manufacturer for supply of components for heavy commercial vehicles. This order is on long term basis and the vompany needs to supply for next four years.
Meanwhile, the company has completed its phase I expansion plan at its new unit at Gudur. This expansion will result in increase of installed capacity from 1,02,000 tonnes to 1,26,000 tonnes per annum. This expansion will help the Company to cater to the growing demand from its existing customers including Ashok Leyland, Tata Motors, Tata Cummins, and Tafe in the field of Automotive and Tractor segments.