From HDFC brokerage report – “In the Indian market, it competes one of the steel casting making company belonging to Sanmar group in South India which has a similar foundry capacity, however it is operating at a much lower capacity utilization catering mainly to Oil & Gas industry. Apart from Sanmar, it faces some competition from Simplex Castings, Gujarat Intrux, PTC Industries, Magna Electro Castings, Bhilai Engineering Corporation etc.”
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