<\/a>\u00a0lakh.\u00a0<\/p>\nMegatherm\u00a0Induction Limited\u2019s revenue increased by 41.37%\u00a0from\u00a0Rs. 188.4cr in FY 2022 to\u00a0Rs. 266.4cr in FY 2023\u00a0and profit after tax\u00a0(PAT) was\u00a0Rs. 14cr in FY 2023.<\/p>\n
Megatherm\u00a0Induction Limited manufactures induction heating and melting products using electrical induction such as induction melting furnaces and induction heating equipment.\u00a0Megatherm\u00a0Induction is a subsidiary of\u00a0MegathermElectronics Private Limited.<\/p>\n
The company also manufactures upstream and downstream equipment and machinery for steelworks, such as transformers, ladle refining furnaces, continuous casting machines, fume extraction systems, etc., as well as electric arc furnaces for the alloy and special steel industry.<\/p>\n
They cater to Railways, Pipe & Tubes,\u00a0Steel, Auto ancillary & Engineering Industries. Their domestic Clients include Ordinance Factory, BHEL, Indian Railways, Tata Motors, Mahindra, CESC,\u00a0Hindalco,\u00a0Sundaram\u00a0Fasteners, MM Forging, Talbros Axles, Shyam<\/p>\n
Metalics,\u00a0Sarda\u00a0Energy,\u00a0Rashmi\u00a0Metaliks,\u00a0Prakash\u00a0Industries etc.\u00a0They also export to 4 continents Europe, Africa, South America & Asia which is growing at CAGR of 34.29% for the period FY 2021-23<\/p>\n
Megatherm Induction\u2019s manufacturing unit is located in Kharagpur and has a production capacity of around 300 furnaces and transformers (as of March 31, 2023). The company exports products to South America, Africa, the Gulf region, Europe, SAARC and Southeast Asia. The Company has an order of Rs.280 Crs. (31st December \u201923)<\/p>\n
If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"Kolkata (West Bengal) [India], January 24: Megatherm\u00a0Induction Limited\u00a0Incorporated in\u00a02010 specializes in the manufacture of\u00a0induction heating and melting products using electrical induction such as induction melting furnaces and induction heating equipment. […]<\/p>\n","protected":false},"author":1,"featured_media":33224,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_rishi_post_view_count":163},"categories":[9],"tags":[674],"class_list":["post-33223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","tag-pressrelease","rishi-post"],"rishi__cb_customizer_meta":"","comments_count":"0","_links":{"self":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts\/33223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/comments?post=33223"}],"version-history":[{"count":0,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts\/33223\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/media\/33224"}],"wp:attachment":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/media?parent=33223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/categories?post=33223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/tags?post=33223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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