Megatherm Induction Share Price

Megatherm Induction Limited was originally incorporated as a Private Limited Company as Megatherm Transmission Distribution Private Limited on October 22, 2010 with the Registrar of Companies, West Bengal. The name of the Company changed from Megatherm Transmission Distribution Private Limited to Megatherm Induction Private Limited dated September 23, 2015 and was subsequently, converted into a Public Limited to Megatherm Induction Limited w.e.f. December 20, 2022.The Company is engaged in 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 the Company produces various upstream downstream plant machineries associated with steel melt shops such as, transformers, ladle refining furnaces, continuous casting machines, fume extraction systems etc. Apart from these, it manufacturers electric arc furnaces for alloys special steel making industries, like services including 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.The Company started construction of Kharagpur Plant at West Bengal in the year 2016. Thereafter, it started induction furnace manufacturing operations in 2018. In 2021, it got into the manufacturing of industrial transformers in the power distribution sector. Apart from these, they have ventured into the business of installation and setting up of steel melt shops. The Company launched the IPO of issuing 49,92,000 equity shares of Rs 10 by raising Rs 53.91 crore through fresh issue on 31 January 2024. The Company entered the renewable energy sector with the commissioning of new facility at the Kharagpur site in FY25.