Megatherm Induction Ltd. IPO

Our company is engaged in the business of manufacturing of induction heating and melting products by means of electric induction like induction melting furnace and induction heating equipment. Besides induction melting & heating equipments our company produces various up-stream & ... down-stream plant & machineries associated with steel melt shops such as, transformers, ladle refining furnaces, continuous casting machines, fume extraction systems etc. Our Company also manufacturers electric arc furnaces for alloys & special steel making industries, our services portfolio includes turnkey solutions for steel plant, which involves design, engineering, supply, erection & commissioning of the steel melt shops using both insourced & outsourced plant & machineries and after sales service, involving maintenance contracts & spare parts business. Read more

Our Company was originally incorporated as a Private Limited Company under the name of “Megatherm Transmission & Distribution Private Limited” on October 22, 2010 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Kolkata, West Bengal. Further, ... pursuant to the special resolution passed by the shareholders in the Extra Ordinary General Meeting held on September 16, 2015 the name of our Company was changed from “Megatherm Transmission & Distribution Private Limited” to “Megatherm Induction Private Limited” and a fresh Certificate of Incorporation was issued by the Registrar of Companies, Kolkata, West Bengal dated September 23, 2015. Subsequently, pursuant to Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting, held on November 15, 2022, our Company was converted into a Public Limited Company and consequently the name of our Company was changed from “Megatherm Induction Private Limited” to “Megatherm Induction Limited” vide a fresh certificate of incorporation dated December 20, 2022, issued by the Registrar of Companies, Kolkata, West Bengal bearing CIN U31900WB2010PLC154236.

The secondary Steel sector is treading on a growth path and is expected to play a major role in steel production of India in the light of trends towards increased usage of scrap based steel production. A large number of new production capacities are being added to meet the growing demand. The ... secondary sector has enormously improved its performance in last two decades with regard to energy usage due to continuous institutional efforts and also interventions through energy efficiency projects funded by government for penetration of energy efficient technologies in this sector. The sector is installing secondary metallurgy equipments like LRFs, VDs to produce quality products. The sector has largely shifted from ingot casting to continuous casting of billets which has helped to get rid of many quality problems. Read more