Pradeep Metals Share Price

Pradeep Metals Limited (PML), incorporated in January, 1982 was promoted by V P Goyal to manufacture closeddie steel forgings. The Company uses stateoftheart machinery with sophisticated toolroom equipment to manufacture its forgings and machined parts. The Company has manufacturing facility in Navi Mumbai. It employs hitech design and analysis software to create dies and tooling that play a key role in production of forgings. Manufacturing plant is fully integrated with complete facilities for inspection, testing, cutting, dies and tool making, forging, heattreatment, finishing, machining, cleaning, surface treatment and assembly.The Company started commercial production in Jul.83 at Dombivli, Maharashtra. In 198990, it expanded the existing capacity to 2400 tonnes per annum (TPA) for forged components in the 500 gm to 8 kg weight range, used mainly in the automobile industry. It came out with a public issue in Jan.94 to set up a 12,000tpa unit for press forgings to produce precision parts in the 50 gm to 40 kg weight range, which find application in the defence, engineering, petrochemicals sectors.The Company enhanced its machining capacity and capabilities by adding CNC Turning Centers, Vertical Machining Centers (VMC), Turn Mills / Mill Turns and other equipment to address the rising demand of finished machined components and subassemblies. In addition to inhouse facilities, it made significant effort and developed dedicated vendors for machining, in order to supplement its machining capacity and capabilities. Thereafter, it expanded machine shop capacity by importing surplus machineries from its Stepdown Subsidiary namely Dimensional Machine Works, LLC, Houston (USA) and upgraded them. Recently, the Company has embarked on a journey to improve its bottom line by employing TOC techniques in the process.The Board of Directors of the Company at their Meeting held on 3 March, 2025, have approved the Scheme of Amalgamation of Nami Capital Private Limited with the Company.The Board approved an investment of up to Rs. 250 Crores for setting up a Greenfield Manufacturing Facility at Butibori, Nagpur in 2026.